Tech Newswire

Vietnam's coal, crude oil imports surge on rising energy demand

Vietnam’s coal and crude oil imports surged in the first ten months of this year, government data showed, to support its fast-growing economy.

 

Vietnam has one of the fastest-growing economies in Asia.  The strong growth has boosted demand for coal. Imports of the commodity, during the January-October period more than doubled from a year earlier to 36.8 million tonnes, valued at $3.25 billion, the Customs Department said in a statement.

 

The imported coal will mostly be used for the country’s growing fleet of coal-fired power plants, which will still play a key role in its power generation mix for the years to come even as Hanoi promotes renewables.

 

The country’s crude oil imports rose 80.6% from a year earlier to 6.8 million tonnes during the period, the department said.

 

 

| Categories: Other, Sustainability | Tags: sustainability, energy | Return

 

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