Vietnam needs to increase coal production by adding investment in new mines and upgrading existing ones to meeting the country's fuel demand, Deputy Prime Minister Le Van Thanh said recently.
The southeastern country wants to ramp up domestic coal output to reduce its dependence on imported coal against the backdrop of worldwide calls to phase out fossil fuels.
Vietnam was a net coal exporter ahead of 2010, but today the country has turned into an importer of the fossil fuel as the country's economy is growing fast in recent years.
Vietnam's coal-fired power generation capacity is expected to double by 2030, according to a draft plan submitted to the prime minister earlier this month.
Government data showed Vietnam's coal imports in 2020 increased one quarter from a year ago to 54.8 million tonnes, while its domestic coal output only rose 5.1% to 48.6 million tonnes.
During a recent visit to Vietnam National Mining Group (Vinacomin), Deputy Prime Minister Le Van Thanh said the company, as well as relevant departments, needs to step up efforts to increase coal production to meet the demand of domestic power plants.
Customs data showed Vietnam's coal imports in September decreased for the 10th month in a row to 2.1 million tonnes, down 44.7% from the year-ago level. The volume touched the trough since February this year.
(Writing by Alex Guo Editing by Tammy Yang)
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