Vietnam Seeks to Import Coal from Australia and Indonesia

Platts reported that state-owned Vinacomin is looking to secure Australian and Indonesian coal imports.

As quoted in the market news:

As it cuts its coal exports, Vietnam will move from being a net exporter to a net importer by 2015, when many new power, cement and steel plants are due to start operations. Vietnam’s annual imports would reach 5 million mt in 2015 and steadily increase after that.

Click here to read the full Platts report.