Vietnam's Q1 2023 coal imports nearly doubled (88% increase) to ensure stable power supplies for foreign investors.

Vietnam's coal imports nearly doubled in Q1 2023, rising by 88% compared to the same period last year, as the gov't aims to reassure foreign investors of stable power supplies. Last year's heatwave led to power cuts, prompting PM Pham Minh Chinh to promise no more shortages. However, plans to boost renewable energy and gas face delays. Foreign investors demand quick action on energy projects to meet Vietnam's economic goals.

March 26, 2024
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