Vietnam to cut coal mining, boost imports

HCMC – Vietnam has outlined a strategic plan to reduce its reliance on domestic coal mining while increasing coal imports to meet the nation’s power generation demand. However, the plan foresees a gradual decline in domestic coal production, reaching 39 million tons per year by 2045 and further decreasing to 33 million tons by 2050. By 2030, coal imports are projected to increase steadily to around 73 million tons, with 44 million tons allocated to meet the demand for thermal power plants. Coal imports are anticipated to peak at 85 million tons by 2035, gradually reducing to 50 million tons by 2045. Ultimately, Vietnam aims to cease coal imports by 2050.