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News Vietnamese coal consumption forecast to grow

Vietnamese coal consumption forecast to grow

Written by Global Cement staff 03 January 2023
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Vietnam: Vietnam National Coal and Mineral Industries Group (Vinacomin) has forecast 6.1% three-year growth in national coal demand to 115Mt in 2025 from 108Mt in 2022. Four main industries – cement, fertilisers, metal and power generation – are expected to retain over 90% of the combined share of domestic consumption. Vinacomin expects national coal production to increase by 1.3Mt/yr over the period, retaining a 40 – 45% stake in the domestic market. Five-year consumption of imported lignite is forecast to rise to 70 – 75Mt throughout the period up to 2026.

Last modified on 04 January 2023
Published in Global Cement News
Tagged under
  • Vietnam
  • Government
  • Vinacomin
  • Mining
  • trade
  • Import
  • Coal
  • market
  • demand
  • brown coal
  • Energy
  • Outlook
  • Forecast
  • growth
  • fossil fuels
  • GCW589

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