Vietnam relies on coal for its energy requirements and there has been a significant rise in coal demand during the past few years. Dynamically growing electricity demand and industrial coal requirements, especially from the cement industry, have infused coal sector developments. Vietnam’s cement industry has been growing fast on the back of strong demand from construction and real estate industry. It is anticipated that increasing cement production will continue to spur coal demand in Vietnam during the next 3-4 years. According to our research report “Vietnam Mining Sector Analysis”, coal demand in cement industry is anticipated to grow at a CAGR of around 13% during 2010-2014.
The country is looking for prospect export markets for its excess cement production. In coming years also, the cement production capacity will continue to increase due to construction of various of new plants along with capacity expansion plans of existing players. Our research report provides an analysis of the coal demand in the cement industry. We have also analyzed the coal demand in sectors like, power, construction, and living fuels.
As per our study, at the production level, developments have given appropriate response to demand till now. Domestic productions have comfortably been surpassing local demand and the country has been exporting huge amount of coal. However, limited coal reserves will create a wide gap in demand-supply mechanism in future. In fact, regulators have already proposed coal imports, which are expected to start from 2012. The condition will become even more severe, if authorities continued to overlook new reserves discovery and exploitations.
Our report “Vietnam Mining Sector Analysis” is an outcome of extensive research and conceptual analysis of the Vietnamese coal industry potential. It facilitates information/statistics on coal reserves, production, consumption, regulatory environment, import prospects and exports development historical, current and future projected trends. Brief research overview of renewable potentials (wind, photovoltaic, and nuclear power) has also been included to provide a balanced research outlook of the Vietnamese coal industry.
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