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Currently, all coal sold comes from domestic coal mining and coal imports from the world. With this direction, over the past many years, Vietnam has well resolved the risks of supply shortages, effectively overcoming factors affecting production lines and energy use.

Importing coal allows improving many economic aspects, achieving targets set in immediate and long-term plans. It can be said that imported coal plays an extremely important role in the energy development strategy. Among them, major suppliers such as Indonesia, Australia and Russia are indispensable factors in future plans for Vietnam's coal industry. So what are the characteristics of these coal sources? How are the advantages expressed? Let's find out with Thuan Hai in the following article.

Indonesia, a sustainable coal import market

Referring to the coal market in Asia, Indonesia is the coal supplier at the top of the list. In the coal mining supply chain, Indonesia is always in the group of countries with sustainable supply, creating the most stable and effective productivity.

Vietnam highly appreciates the quality of Indonesian coal sold on the market. In the world mineral exploitation market, Indonesian coal is ranked among the cheapest and most suitable coal sources for the majority of consumption purposes. It is clear that good quality, reasonable prices and abundant reserves are the main factors influencing Vietnam's decision to import coal, and promise strong evidence of high economic efficiency.

Vietnam started importing coal in 2013, however, it began to promote and increase from 2015 and has gradually increased until now. Indonesia is the first typical market that our country is aiming for, with a variety of coal types and flexibility for many different processing purposes.

Coal Mining in Australia

Coal is the main energy source in Australia and is considered the core of world coal trade. The total amount of coal available in Australia far exceeds that of Indonesia, with nearly 145,000 million tons, accounting for 14% of the world's total coal reserves, ranking third in the energy industry.

Coal imported from the Australian market, an ideal coal source for supply quality

Australian coal includes many different types such as black coal, sub-bituminous coal, bituminous coal and brown coal... well meets the needs of use in the fields of metallurgical industry, consumer electricity production... In the energy scenario, Australia will further increase the development of coal trade, with a total forecast of more than 850 million tons of coal for 2050. It is predicted that this will be the beginning of a strong energy growth trend in Asia, including strongly coal-dependent countries in ASEAN, India...

Australian coal prices from now until 2030 are forecast to range from 160-166.7 USD/ton, depending on the type. According to coal researchers, imported Australian coal is highly appreciated in the Vietnamese market because of a number of basic advantages. Specifically, Australia has abundant coal reserves, diversified types of coal and quality coal sources; Cooperation policies and comprehensive development of the coal industry are encouraged and facilitated by the governments of both sides for investment, and the mine owner-contractor method is well controlled... helping to manage operations more easily.

Import coal from the Russian market

Besides importing coal in Indonesia and Australia, Vietnam also promotes the development of coal trade with Russia. Coal import output from this country increases year by year, showing a significant and positive contribution to the energy industry development mechanism.

Total coal reserves in Russia compete strongly with many other major supplies in the world, accounting for 15.5%, (second only to the US). With an output of more than 160,000 million tons, Russia is confident that it can serve the world consumer market for 391 years. In terms of export level, Russia ranks third in the world, after Indonesia and Australia, and brings significant turnover to the commercial economy. In 2017 alone, coal exports brought Russia more than 13.5 billion USD.

The potential of the Russian coal market is very large and can be met for a long time in the future. Abundant coal reserves are a strong point for countries that prioritize the use of fuel for cooperation and development, including Vietnam.

Coal prices sold in Russia are highly competitive, however, when supplying to the Asian market there are still some obstacles, due to lack of geographical advantage. In fact, coal prices in Russia are very low, but transportation costs have increased, hindering market expansion. In the near future, logistics support policies will be considered and implemented in more detail, facilitating widespread and comfortable access to goods.

Conclusion

Thuan Hai imports coal from Indonesia, Australia, etc. to Cai Mep warehouse

Thus, from the above analysis, we see the potential and strengths of the three main coal supply sources in Vietnam. In the short-term, medium-term and long-term energy development plan, Vietnam will remain attached to these markets for a long time and will focus more strongly on expanding application and development markets. Specific strategies will be built closely and firmly to ensure rhythm in maintaining stable energy sources according to set targets.

Currently, many coal companies in Vietnam have been carrying out projects to import coal from three countries: Indo, Russia and Australia. Among them is Thuan Hai - the leading coal importer in Vietnam. At the same time, the closed fuel supply chain from ports, warehouses, satellite warehouse systems to barge fleets and professional transport fleets has greatly reduced fuel costs for customers.