HANOI : Vietnam's coal imports so far this year have nearly doubled from the same period of 2023, customs data shows, as the government strives to reassure foreign investors that factories will not face a repeat of last year's power shortages.
FILE PHOTO: A worker fixes electricity grid in Vietnam's southern Mekong delta city of Can Tho, August 23, 2015. REUTERS/Kham/File PhotoHANOI : Vietnam's coal imports so far this year have nearly doubled from the same period of 2023, customs data shows, as the government strives to reassure foreign investors that factories will not face a repeat of last year's power shortages.
Two foreign officials in attendance, who were not authorised to speak publicly, said Chinh's commitments were reassuring but vague on measures to achieve that goal.Vietnam's limited capacity to use renewable energy and commitments to avoiding new power cuts makes it"imperative" to import more coal, said Phan Xuan Dung, a researcher on Vietnam at the Singapore-based ISEAS think tank.
Coal imports are projected to rise further in the second half of the year, a Vietnam-based trader said, when steelmakers and other energy-intensive industries are expected to boost production. As plans to boost renewable energy and gas face delays, the government wants to complete by June a transmission line to transfer electricity from the country's centre to its industrialised north. That is where heat-induced blackouts occurred last year and the El Nino weather pattern raises the risk of them this year.
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