Viet Nam receives first coal batch imported from the US
Viet Nam receives first coal batch imported from the US
The Northern Coal Trading Joint Stock Company, a member of the Viet Nam National Coal and Mineral Industries Holding Corporation (TKV), has received the first batch of more than 21,700 tonnes of coal imported from the US.
The imported coal was provided by IMI FUELS LLC and carried by MV NORD YILAN vessel which departed from Benicia Port, California and arrived at Cua Ong Port, Quang Ninh Province in early July. The imported coal will be processed into forms appropriate for domestic use.
According to TKV, the arrival of the first batch of coal imported from the US laid the ground for further ties between the two countries in coal and energy.
TKV has been looking for partners to import coal to increase supply for the domestic market, which has a strong demand for coal for electricity production.
TKV expects to receive another batch of coal from the US in September.
TKV estimated Viet Nam must import 12 million tonnes of coal for electricity production in 2020, 30 million tonnes in 2025 and 50 million tonnes in 2030.
Viet Nam imported 43.85 million tonnes coal, worth US$3.79 billion in 2019, representing rises of 91.8 per cent and 48.4 per cent respectively against 2018.
