trending Market Intelligence /marketintelligence/en/news-insights/trending/LfAE-qSp6YZVhab8411n6g2 content esgSubNav
In This List

Vietnam to bolster coal as energy source

Blog

Gold Market Outlook

Blog

Insight Weekly: US stock market downturn; Chinese bank earnings; Europe's big tech bills

Blog

Expand Your Perspective Uncover Insights on Key Markets with Differentiated Data

Blog

Gold - Geopolitical tensions and inflation remain key drivers


Vietnam to bolster coal as energy source

While other nations are moving away from coal, Vietnam is bolstering the fossil fuel's participation in its energy mix, Nikkei Asian Review reported Jan. 20.

The move has attracted both Japanese and Chinese companies. Mitsubishi Corp., for instance, unveiled plans to build a 1,200-MW coal-fired power plant, the Vung Ang No. 2 project, in central Vietnam's Ha Tinh Province. It is slated to commence operation in 2021, with estimated related investments reaching $2.2 billion, the report said.

It will be installed near the Vung Ang No. 1 plant, which has a similar generating capacity, and together the plants will play an important role in Vietnam's energy mix, in replacement of the canceled 4,000-MW nuclear projects late last year.

The country's coal production in 2016 reached 38.3 million tons, according to the report.