situation report

Aug 6, 2019 | 15:17 GMT

1 min read

Vietnam: Hanoi Reportedly Mulls U.S. Coal Purchases

What Happened: Vietnam is reportedly considering purchases of U.S. coal to address an ongoing shortage of resources for power generation, The Straits Times reported Aug. 6.

Why It Matters: Vietnam has been seeking to expand its coal sector to meet the country's growing energy demands, which is forecast to grow 10 percent per year. If Hanoi decides to purchase U.S. coal, it could also help the country deflect criticism from Washington regarding the country's trade practices, as well as potential U.S. tariffs.

Background: Coal currently accounts for 38 percent of Vietnam's energy mix and is expected to make up 50 percent by 2028. Hanoi is also planning to expand its renewable energy sector, including solar power.

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