Vietnamese coal imports in March slipped for the fourth straight month from a year earlier, although they more than doubled from the previous month with the containment of rising Covid-19 cases to ensure business continuity.
Seaborne receipts in March were 3.95mn t, provisional customs data show. This was down from a revised 4.5mn t in the same month last year but more than double from February. Vietnamese customs data do not differentiate between coking coal and thermal coal.
The outlook for Vietnam’s coal output remains firm, given a string of scheduled and under-construction generation projects. Vietnam will likely continue to develop 15 planned coal-fired power projects with a combined capacity of 18GW during 2021-26, sustainable energy think-tank the Institute for Energy Economics and Financial Analysis said last year.