Vietnam's Vinacomin to keep coal output at 40 million tons a year up to 2030, state media reports

Hanoi, October 29 - Vietnam's leading mining firm, Vinacomin, has announced plans to maintain coal production at 40 million metric tons annually until 2030, according to state media reports. The company aims to meet domestic demand primarily for power generation. Vinacomin intends to develop 18 mining projects in the northern province of Quang Ninh to ensure the output remains stable, according to the Vietnam News Agency.

Additionally, the company plans to import between 10 million and 20 million tons of coal each year to fulfill the remaining demand.

Coal remains a crucial fuel source for Vietnam's thermal power plants and a vital component of the nation's energy security strategy. Vinacomin emphasizes that securing a consistent coal supply is essential for the proper functioning of the power system and for safeguarding the country's overall energy security. The company notes that ensuring an adequate coal supply for thermal power plants plays a central role in maintaining the operation of the power grid and protecting national energy security.

It is worth mentioning that Vinacomin is among the companies in which the Vietnamese state retains 100% ownership until at least 2030. Stay informed with timely updates on breaking news and the best stories by joining CNA's channel, available on your preferred chat app. To enhance your experience, consider upgrading to a supported browser or downloading the mobile app for the optimal reading experience.