According to our recent research report “ Vietnam Mining Sector Analysis”, Vietnam’s coal industry is counted among the fastest growing industries globally. However, coal demand declined in 2009 amid the economic slowdown but the sector showed strong recovery in 2010 and registered 27% year-on-year growth on the back of increasing demand from various industry verticals such as power, cement etc. The report has further revealed that rapid growth in electricity generation in coming years will continue to propel coal demand which is poised to grow at a CAGR of around 25.7% during 2010-2014.
The report has highlighted that the country is facing severe power shortages and future demand is expected to grow in double digit bracket. As the country’s hydropower resources have nearly been exploited and natural gas resources are limited, Vietnam will have to rely on coal-run thermal power plants in coming years. As the domestic supply of coal is limited and new reserves finding and exploitation developments are quite slow, enormous coal imports are inevitable in the long run.
Apart from the power sector, the cement industry has contributed strongly to the overall coal consumption in the country. Despite overcapacity issues, manufacturers are still going for capacity expansion plans and various new production plants are under pipeline. During our forecast period, the sector is expected to generate enormous coal demand and will further widen coal demand-supply gap.
“Vietnam Mining Sector Analysis” is an outcome of extensive research and thorough analysis of the burgeoning coal sector in Vietnam. The report discusses the market structure, current and past market performance and factors critical to the success of the concerned industry in Vietnam. Additionally, the report has given emphasis on coal demand trends in all prominent vertical industry segments including power, cement, construction materials and living fuels. The evaluation provides sector wise coal industry developments and facilitates deep understanding on coal demand prospects in these sectors, enabling a balanced market understanding.
For more information visit: http://www.rncos.com/Report/IM274.htm |
