NEWS RELEASE                                                                                         AUGUST 2015

By 2030 Fifty-SixPercent of Vietnamese Electrical Capacity will be Coal

Vietnam will add over 50,000 MW of coal-fired capacity by 2030. This will equal nearly 20 percent of the present coal capacity in the U.S. and will equal planned U.S retirements. To put it another way, the combined coal-fired capacity of the U.S. and Vietnam is presently 280,000 MW and it will be the same in 2030.

In 2014, annual coal consumption was 19.1 million tons, a 21 percent increase over 2013. Coal consumption has continued to increase in 2015 as unseasonably hot weather contributed to a decline in hydropower generation. Vietnam is still in the process of developing its coal mining sector and must import relatively higher-priced coal. State-owned PetroVietnam (PV) is seeking to purchase 11 million tons of coal per year starting in 2017 to supply Vietnam's domestic power industry.

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