Vietnam to import coal from Laos
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Vietnam has signed a deal with Laos to import around 20 million tons of coal a year for the next five years.
The memorandum of understanding was signed for the purpose Thursday by the Vietnamese Ministry of Industry and Trade and the Lao Ministry of Energy and Mines.
Laos has been an important supplier of coal and other minerals to Vietnam in recent years.
Vietnam imported 1.8 million tons of ores and minerals for US$78.2 million from that country last year, and 900,000 tons worth $31.6 million in the first half of this year.
The two also have many cooperation projects in energy such as building hydropower plants and connecting grids while Laos exports electricity to Vietnam.
Vietnam has 220 kV lines linking Laos, and is set to import at least 3,000 MW of electricity by 2025 and 5,000 MW by 2030.
Questions & Answers
Q.How much coal will Vietnam import from Laos annually under this new deal?
How much coal will Vietnam import from Laos annually under this new deal?
Vietnam is set to import approximately 20 million tons of coal each year from Laos. This agreement is expected to last for the next five years, significantly increasing their energy cooperation.
Q.Which government bodies signed the memorandum of understanding for the coal import deal?
Which government bodies signed the memorandum of understanding for the coal import deal?
The Vietnamese Ministry of Industry and Trade signed the agreement with the Lao Ministry of Energy and Mines. This formalised the deal for importing coal between the two countries.
Q.What is the expected increase in electricity imports from Laos to Vietnam by 2030?
What is the expected increase in electricity imports from Laos to Vietnam by 2030?
Vietnam plans to import at least 5,000 MW of electricity from Laos by 2030. This is part of broader energy cooperation which also includes building hydropower plants and connecting grids.
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