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According to the draft strategy for developing Vietnam's coal industry recently proposed by Vietnam's Ministry of Industry and Trade (MoIT), Vietnam's coal imports are expected to increase to meet domestic production needs
.
As a result, Vietnam will import about 50-83 million tons of coal per year during 2025-2035, with imports gradually declining to about 32-35 million tons
by 2045.
According to data from the Ministry of Industry and Information Technology, domestic coal consumption has grown rapidly from 27.
8 million tons in 2011 to 38.
77 million tons in 2015 and about 53.
52 million tons
in 2021.
Current coal consumption has more than doubled compared to 2011, mainly for power generation
.
Demand for primary energy sources, including coal, will continue to increase and could peak in the 2030-2035 period
, the ministry said.
Vietnam's coal demand will be around 94-97 million tons in 2025 and peak at 12.
5-127 million tons in 2030, mainly due to increased
demand for power generation, cement, metallurgy and chemical industries.
The ministry also forecasts that energy demand will decline
after 2040 due to the energy transition process to meet emission reduction targets.
Encourage the development of coal for non-energy purposes such as nitrogen fertilizer and chemical industry to ensure the sustainable development
of the domestic coal industry.
In the draft strategy, the ministry said that by 2030, about 85-90% or 3900-4200 tons of commercial coal will be prioritized for electricity production to ensure national energy security
.
According to the draft strategy for developing Vietnam's coal industry recently proposed by Vietnam's Ministry of Industry and Trade (MoIT), Vietnam's coal imports are expected to increase to meet domestic production needs
.
As a result, Vietnam will import about 50-83 million tons of coal per year during 2025-2035, with imports gradually declining to about 32-35 million tons
by 2045.
According to data from the Ministry of Industry and Information Technology, domestic coal consumption has grown rapidly from 27.
8 million tons in 2011 to 38.
77 million tons in 2015 and about 53.
52 million tons
in 2021.
Current coal consumption has more than doubled compared to 2011, mainly for power generation
.
Demand for primary energy sources, including coal, will continue to increase and could peak in the 2030-2035 period
, the ministry said.
Vietnam's coal demand will be around 94-97 million tons in 2025 and peak at 12.
5-127 million tons in 2030, mainly due to increased
demand for power generation, cement, metallurgy and chemical industries.
The ministry also forecasts that energy demand will decline
after 2040 due to the energy transition process to meet emission reduction targets.
Encourage the development of coal for non-energy purposes such as nitrogen fertilizer and chemical industry to ensure the sustainable development
of the domestic coal industry.
In the draft strategy, the ministry said that by 2030, about 85-90% or 3900-4200 tons of commercial coal will be prioritized for electricity production to ensure national energy security
.
