Vietnam seeks to increase coal import from South Africa
A trade forum has been held online for Vietnamese and South African coal businesses to seek stronger coal trading cooperation between the two sides to meet coal demand for production and electricity generation in Vietnam.
Hanoi (VNA) – A trade forum has been held onlinefor Vietnamese and South African coal businesses to seek stronger coal trading cooperation between the two sides to meet coal demand for production and electricity generation in Vietnam.
Addressing the event, Le Hoang Oanh, head of the AsianMarket under the Ministry of Industry and Trade said that Vietnam’s demand forcoal is increasing for electricity generation and industrial production. Thecountry would need about 46.5 million tonnes of coal in 2025 and 123.7 milliontonnes in 2045, she noted.
South Africa has long been a coal supply source of Vietnam.Vietnam was one of the five largest coal importers of South Africa in 2029 and2020.
Statistics from the UN Comtrade showed that Vietnam importedabout 126,000 tonnes of coal, worth 7.6 million USD from South Africain 2019, 2.6 million tonnes worth 123.4 million USD in 2020 and about 7.5million tonnes worth 360 million USD in 2021.
South Africa, one of the five largest coal exporters in theworld, owns a big reserve of about 50 billion tonnes of coal.
Oanh said the MoIT hopes to set up a long-term and stable partnership withSouth Africa in coal trading, mining and processing.
Hector Mphohoni from the South African Embassy in Vietnam said that he hopesthe forum will help balance trade between the two countries.
Chief Executive Officer at Chamber of Commerce and Industryof Durban province Palesa Phili said South African firms are interested incooperating with Vietnamese partners. She pledged to work to connect Vietnamesefirms with their South African peers.
During the forum, leading Vietnamese coal importers,including the Vietnam National Coal and Mineral Industries Group (Vinacomin),Electricity of Vietnam (EVN), and Dong Bac Corporation as well as six SouthAfrican coal exporters - An Nam Trading, The Commodities Inc, GC Consulting,Best Ever Trading, Picogenix and Standard Bank discussed each other's demands andsupply capacity and sought partnership opportunities. They said they willcontinue to discuss detail cooperation plans./.
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An overview of the forum (Photo: VNA) 
