Vietnam's May coal imports ascend 10.8% YoY as power demand surges

Vietnam's total coal imports reached 7.93 million tonnes in May, up by 10.8% from the same month last year though down 6.7% from April's record high of 8.5 million tonnes, according to the latest data from Vietnam Customs.

The value of Vietnamese coal imports in the past month amounted to $963.8 million, soaring by 40.6% on year despite a 0.7% dip from April. This translated into an average import price of $121.5/tonne, higher by a substantial 27.7% on year and notching the highest since April 2024, Mysteel