The event drew the participation of numerous Indonesian coal exporters and Vietnamese importers. 

Exploitation of coal in Quang Ninh province of Vietnam

In the first four months of the year, Indonesia shipped more than 1.5 million tons of coal to Vietnam, he said, adding that the country will export at least 4.5 million tons of coal to its ASEAN peer. 

The Indonesia Embassy in Vietnam will work to promote the connection between energy businesses from the two countries to ensure sufficient supply, he stressed. 

Regarding the coal demand of the Electricity of Vietnam (EVN), a representative from the group said that coal-fired power accounts for 30 percent of the total electricity generated nationwide of 42,000 MW. 

Before 2016, most thermoelectricity plants used domestic coals; however, the need for imported coals has shot up due to the development of thermoelectricity. 

In 2016, the country bought 680,000 tons of coal from foreign countries, the figures expected to rise to 4.7 million tons in 2017, 11 million tons in 2020 and 19 million tons in 2025. 

On the occasion, businesses from both countries exchanged experience and discussed measures to boost cooperation. 

Two-way trade stood at USD 5.5 billion in 2016 and both sides are targeting USD 6 billion in 2017.

Source: VNA