Vietnam produced 3.70 million tonnes of coal in October, up 24.44 percent from September, according to the latest data from the National Statistics Office.
Total coal output for the first ten months of 2025 reached 37.64 million tonnes, a 3 percent increase compared with the same period last year.
Production in October was 5 percent lower than the same month in 2024.
Listed coal companies
PetroVietnam Power Corporation
PetroVietnam Power Corporation (POW) operates gas, coal, and hydropower plants supplying electricity to the national grid.
POW closed at VND 14,200 on Friday down 0.35 percent with 68,184,000 shares traded, worth VND 97,839 million.
Foreign ownership in POW is currently capped at 50.0 percent, with current foreign ownership sitting at 2.6 percent.
Pha Lai Thermal Power JSC
Pha Lai Thermal Power JSC (PPC) operates coal-fired power plants generating electricity for northern Vietnam.
PPC closed at VND 10,550 on Friday up 0.2 percent with 5,762,000 shares traded, worth VND 6,060 million.
Foreign ownership in PPC is currently capped at 49.0 percent, with current foreign ownership sitting at 4.5 percent.
Vietnam coal imports
Vietnam imported coal to the tune of US$498 million in October up 8.83 percent over September, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had imported US$5,663 million worth of coal by the end of October.
Vietnam’s coal industry
Vietnam’s coal industry plays a central role in the country’s energy security, supplying over one-third of national electricity output.
Major producers include Vinacomin (TKV) and Dong Bac Corporation, which operate dozens of mines across Quang Ninh and the Red River Delta.
Production has stabilised in recent years as the government balances domestic supply with imports to meet rising demand from thermal power plants.
At the same time, Vietnam faces increasing pressure to reduce its reliance on coal in line with global decarbonisation goals.
The revised Power Development Plan VIII targets a gradual shift from coal-fired power toward LNG and renewables by 2050.
However, investment in cleaner technologies and just-transition strategies remains limited, leaving coal an essential but politically sensitive part of Vietnam’s energy mix.