Vietnam's state-owned coal miner Vinacomin is set to boost output by 15% this year in order to meet rising power demand amid heat waves, according to the local media.
Coal production in 2023 is expected to reach 39.7 million tonnes, Vietnam News Agency reported, citing CEO Dang Thanh Hai.
With the thriving export-oriented manufacturing industry in Vietnam, the country's demand for electricity has far exceeded that of other Southeast Asian nations. As the economy rapidly grows, the issue of power shortages has become increasingly severe.
Vietnam has experienced power shortages since early June, with sudden blackouts occurring in some industrial parks and residential areas, leading to temporary disruptions in factory production.
Vietnam heavily relies on coal-based power plants, which accounted for over half of its electricity generation in the past two weeks. Vietnam has also witnessed a significant increase in coal imports in the first five months this year, up 39.9% from a year ago to 17 million tonnes.
The country has said it plans to halt the construction of new coal-fired plants after 2030, and eliminate coal usage for power generation after 2050.
(Writing by Riley Liang Editing by Harry Huo)
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