Insight
A reality check on Vietnam's coal demand story
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The growing focus on how energy consumption is affecting the environment is challenging coal’s status in the fuel mix in Asia. As Southeast Asia surfaced to drive the long term growth in coal imports on the back of its high power demand growth, public opposition to new coal power projects is stronger than ever. A highlight of our recent trip to Vietnam was a discussion with industry participants about policy dilemmas amid stricter climate regulations and economic growth. This insight aims to clarify several misleading claims, and provide a fundamental view of a supply deficit market like Vietnam.
Table of contents
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Executive summary
- "Government priority no longer favours coal-fired power development"
- "We do not need to build new coal-fired plants if renewables are getting cheaper"
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"Financiers have already quit coal power"
- "Vietnam has large coal resources so imports growth is an illusion"
- "Infrastructure will be a bottleneck for Vietnam's imports"
- Conclusion
Tables and charts
This report includes the following images and tables:
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Levelised cost of electricity (LCOE) for Vietnam, US$/MWhLocation of coal mines, key power stations (including planned) and ports in VietnamCoal resource by regionCoal resource by category
What's included
This report contains:
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