Vietnam produced 4,280.72 thousand tonnes of coal in March, up 45.59 percent from 2,940.21 thousand tonnes in February 2026, according to the National Statistics Office.
Year to date, output reached 11,363.38 thousand tonnes by the end of March.
Listed coal companies
Key coal firms listed on the Vietnam stock exchange include:
Pha Lai Thermal Power JSC (PPC)
Pha Lai Thermal Power JSC (PPC) operates coal-fired power plants generating electricity for northern Vietnam. (PPC)
In March, PPC shares moved from 10.10 to 10.55, a change of 0.45 (4.46%).
Foreign ownership moved from 1,449,946.22 to 1,448,206.27, a change of -1,739.95 (-0.12%).
PetroVietnam Power Corporation (POW)
PetroVietnam Power Corporation (POW) operates gas, coal, and hydropower plants supplying electricity to the national grid. (POW)
In March, POW shares moved from 14.50 to 13.00, a change of -1.50 (-10.34%).
Foreign ownership moved from 12,556,950.91 to 14,457,088.21, a change of 1,900,137.30 (15.13%).
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Vietnam coal industry news
Recent industry developments include:
Coal mining output increase proposed
the Ministry of Agriculture and Environment has proposed the government allow licensed coal mines to increase output by up to 15 percent without revising permits.
Vietnam National Coal and Mineral Industries Group had requested approval for four mines, but the ministry proposed applying the mechanism nationwide to ensure fairness and competition. Read more→
Coal imports March
Vietnam imported coal to the tune of US$601 million in March, up from US$539 million in February, a change of 11.65 percent, according to preliminary data from Vietnam’s General Department of Customs. Read more→
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Vietnam’s coal industry
Vietnam’s coal industry is dominated by the state-owned Vietnam National Coal and Mineral Industries Group (Vinacomin), alongside Dong Bac Corporation, supplying fuel primarily for power generation.
Coal production is concentrated in the northern provinces, particularly Quang Ninh, with output largely geared toward meeting rising domestic energy demand.
Despite being a producer, Vietnam has become a net coal importer in recent years, driven by rapid growth in coal-fired power capacity.
The sector is undergoing gradual restructuring as the government balances energy security, import reliance, and long-term transition goals.
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The data
TABLE: Vietnam coal production in 2026
| Unit | March 2026 | February 2026 | MoM | YTD | Mar 26 / 25 | Q1 26 / 25 | |
| coal | tonnes / 000s | 4,280.72 | 2,940.21 | 45.59% | 11,363.38 | -7.74% | -4.92% |