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Retail Asia24/07/2023

Vietnam has signed a deal with Laos to import around 20 million tons of coal a year for the next five years. The memorandum of understanding was signed for the purpose Thursday by the Vietnamese Ministry of Industry and Trade and the Lao Ministry of Energy and Mines. Laos has been an important supplier of […]

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Retail Asia14/06/2023

Thermal power plants in northern Vietnam are short of over one million tons of coal for power production for this and next month, which could intensify electricity shortage in the region. Vietnam’s main coal suppliers Vinacomin and Dong Bac Corp were obliged to provide 4.39 million tons to utility firm Vietnam Electricity (EVN) for power […]

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Retail Asia04/04/2022

Vietnam wants to import around five million tonnes of coal from Australia amid a domestic shortage that has forced power plants to cut production. Apprising Australian ambassador Robyn Mudie about this on Friday Minister of Industry and Trade Nguyen Hong Dien sought his help to link up Vietnamese companies with their Austrian counterparts so that […]

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Retail Asia24/03/2022

Vietnam’s biggest coal miner Vinacomin is struggling to provide enough coal to thermal power plants due to shortage of workers and surging costs. The state-owned company provided 6.3 million tons of coal to power plants from the beginning of the year to March 14, 31 percent short of what it promised. One of the reasons […]

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Retail Asia19/04/2021

As part of its efforts to support the transition to a low-carbon future, the bank has set a target of 2039 to cut its thermal coal exposure to zero. DBS, Southeast Asia’s largest bank, has announced plans to reach its goal of zero thermal coal exposure by 2039, and will focus instead on the development […]

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Retail Asia17/07/2020

Vietnam’s coal imports surged to a record high in the first half of the year, showing its rising reliance on coal-fired power plants. They rose 53.8 percent year-on-year to 31.57 million tons, according to Vietnam Customs. The imports, mostly from Australia, Indonesia, and Russia, exceeded local production by 25 percent. Vietnam turned from a net […]

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Retail Asia14/11/2019

A halt to investment in new coal-fired power plants is required to check the trend of increasing coal consumption, a report warns. The report, released on Monday by the Ministry of Industry and Trade in collaboration with Denmark’s Energy Agency, said the country needs early action to reduce future coal demand, which could include taxation […]

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Retail Asia07/01/2019

The government Thursday reaffirmed Vietnam’s desire for a greener energy mix amid the risk of a power deficiency. Environment-friendly coal- and gas-fueled and renewable power plants would make up the mix. While Vietnam faces “obvious risks of an energy shortage in the coming years … it will not sacrifice the environment for economic growth,” Deputy […]

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Retail Asia06/12/2018

Prime Minister Vietnam Nguyen Xuan Phuc has ordered agencies to ensure that the country won’t suffer power shortages in 2019. The Prime Minister has communicated this to relevant agencies several times, Mai Tien Dung, Minister and Chairman of the Government Office, said at the government’s regular press conference on Monday. The communiqués have instructed the […]

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Retail Asia02/08/2018

Indonesia President Joko “Jokowi” Widodo will decide on Tuesday (31/07) whether the government’s policy on coal for domestic use should be revised, considering both the need for price stability and for reducing the current external deficit. The government in March set a ceiling price for 25 percent of its coal production bound for state utility company Perusahaan Listrik Negara at […]

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Retail Asia27/07/2018

The Ministry of Trade has decided to postpone for six months the application of rules saying coal and crude palm oil export shipments should use Indonesian insurers, the country’s leading coal industry association said. The decision would be the second time that application of the rules, issued in October and due to come into effect […]

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Retail Asia12/02/2018

Buyers of Indonesian coal are holding back orders of the fuel after the government issued new shipping rules for coal and crude palm oil that would restrict exports to Indonesian vessels, an industry association said today. Jakarta issued rules in October requiring coal and palm oil exporters to use Indonesian-flagged vessels and Indonesian insurance companies, […]

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Retail Asia21/11/2017

The global price of coal has doubled since the beginning of 2016 and could result in Vietnam spending an additional $1.27 billion per year on the fuel by 2021, new analysis has revealed. The current market price of thermal coal has risen to $100 per ton, twice the amount recorded earlier last year, according to […]

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Retail Asia23/06/2017

Imported coal is currently cheaper than what’s available on the domestic market, so which industry should the government support? Thousands of workers at Vietnam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin) could lose their jobs if the state-run power monopoly Electricity of Vietnam (EVN) slashes coal purchases this year. Vinacomin’s stockpile stands high at 9.3 […]

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Retail Asia14/11/2016

Though Indonesia has one of the world’s fastest-growing economies, its electrical grid is faltering, with blackouts common and many factories and homes relying on expensive diesel-powered generators as backup. In 2011, Indonesian coal mining magnate Samin Tan and his company, Borneo Lumbung Energi & Metal, stepped into this energy void. Tan hoped to acquire the […]

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Retail Asia10/10/2016

A recovery in coal prices in recent months has buoyed shares of local coal companies and returned confidence to a sector that has long struggled with low demand. Indonesia’s thermal coal benchmark price rose to $63.93 per metric ton in September — its highest in 17 months — continuing a five-month rally after bottoming out […]

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