The enterprise is preparing to launch 18 new mining projects located in the northern province of Quang Ninh to stabilize its extraction targets. In addition to local yields, the state-run firm plans to import between 10 million and 20 million tons of coal annually. Securing these vast quantities is vital for sustaining the country's power infrastructure and broader national energy objectives. Vietnam will also maintain complete state ownership of the mining company through at least 2030.
Key points
Domestic coal extraction will be sustained through new mining operations to fulfill power…: Domestic coal extraction will be sustained through new mining operations to fulfill power sector demand.
Large-scale coal imports will complement domestic output to preserve national energy secu…: Large-scale coal imports will complement domestic output to preserve national energy security.
Continued full state control ensures the miner directly aligns with government power gene…: Continued full state control ensures the miner directly aligns with government power generation goals.
Sources checked by our analysis pipeline: 1
HANOI, Oct 29 : Vietnam's top miner Vinacomin plans to keep coal output at 40 million metric tons per year through 2030 to meet domestic demand, mostly for power generation, state media reported on Thursday.
• The company will develop 18 mining projects in the northern province of Quang Ninh province to maintain the output, reported Vietnam News Agency
• Vinacomin will also import 10 million to 20 million tons of coal a year to meet demand
• Coal remains a key fuel source for Vietnam's thermal power plants and broader energy security goals
• "Ensuring an adequate coal supply for thermal power plants plays a core role in maintaining the operation of the power system and safeguarding national energy security," the company was quoted as saying
• Vinacomin is among the companies in which the state will maintain 100 per cent ownership until at least 2030
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