Hanoi (VNA) – Vietnam is now in need of diversifying energy supply sources as it is facing a shortage of coal supply for electricity, cement, and fertiliser production due to impacts of the COVID-19 pandemic and the Russia – Ukraine conflict. According to Vietnam Electricity (EVN), thermal power plants are struggling with serious coal shortages. The coal supplied in the first quarter approximated […]

Hanoi (VNS/VNA) – The Vietnam Coal and Mineral Industries Group (Vinacomin) and Dong Bac Corporation strive to supply about 48.35 million tonnes of coal for thermal power plants, an increase of about 10-15% compared to 2022.

Coal is set to continue leading power generation in Vietnam over the next decade, says a report. The analysis by data and analytics firm GlobalData shows that coal generation in the Southeast Asian country will reach 177.7 terawatt-hours (TWh) by 2030, providing almost 39% of its total power generation.

We expect coal-powered generation growth to increase rapidly over the next decade and to dominate Vietnam’s power sector expansion. We forecast coal-powered generation to grow at an average of 10.1% y-o-y to reach about 50.5% of the power mix by 2028. This is due to relatively slow supply growth from traditional sources of energy such as […]

HÀ NỘI – Though the Government plans to increase its renewable energy capacity, Việt Nam’s power industry is forecast to see a rise in coal-powered generation as the cheap and reliable source remains the most feasible option to meet the country’s rapidly rising power demands. According to Daine Loh, power and renewables analyst of Fitch […]

Hanoi is smudging coal’s prospects. Battered in green-minded Europe, thermal coal producers have been leaning instead on appetite from fast-expanding emerging economies, particularly in Southeast Asia. A change of direction in Vietnam suggests that support may be fading.

The COP26 summit that ended early last month in Glasgow agreed on reducing the use of coal in coming years in a phased manner. This clearly seems to be the right thing to do with several countries finally finding a common voice in saving the planet.

Businesses are proposing a reduction in power prices to help them overcome challenges brought about by the Covid-19 pandemic.

Businesses are proposing a reduction in power prices to help them overcome challenges brought about by the Covid-19 pandemic. The Ho Chi Minh City People’s Committee had recently proposed the government lower electricity prices by half during peak hours from March to May to help businesses at this time of crisis.

Hanoi (VNA) – Politburo member and head of the Party Central Committee’s Economic Commission Nguyen Van Binh on January 25 stressed the need to complete institutions for the development of the oil and gas sector. During a working session with leading officials of the Vietnam National Oil and Gas Group (PetroVietnam), Binh asked the group […]