Vietnam to consider US coal for firing up power plants

Vinacomin met up with coal producers to discuss the possibilties of shipping the resource.

Reuters reports that Vietnam is mulling the use of coal imported from the US as it seeks to power more plants that it will build in the coming years.

Executives from state-run coal producer Vinacomin and Pennsylvania-based Xcoal Energy & Resources met last week in Hanoi to discuss the possibilities of shipping US coal to Vietnam, reported state-run newspaper Dau Tu.

Vietnam has recently become a net coal importer, with most of its shipments coming from Australia and Indonesia.

Coal is expected to account for 42.6% of Vietnam’s power generating capacity by 2030, up from 38.1% currently, according to the Ministry of Industry and Trade.

Read the full report here.