Vietnam coal imports up 11.65 percent in March 2026 / Indonesia +46.01%, Australia -19.52%

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.

Year to date, Vietnam has imported US$1,810 million worth of coal, with supply led by major regional exporters.

Indonesia accounted for US$245 million in March imports, up 46.01 percent from February, bringing year-to-date shipments to US$597 million.

Australia followed with US$173 million, down 19.52 percent month on month, while Russia recorded US$116 million, up 35.01 percent, with year-to-date totals at US$699 million and US$277 million, respectively.

Laos and China rounded out the top five with US$14 million and US$7 million in March imports, rising 228.98 percent and 15.87 percent, with year-to-date shipments at US$29 million and US$21 million.

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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 news

Recent developments include:

Coal production in February

Vietnam produced 4,142.45 thousand tons of coal in February, up 42.27 percent from 2,911.74 thousand tons in January, according to the latest data from the National Statistics Office. Read more→

Coal phase-out plans

Vietnam will phase out coal-fired power plants older than 40 years under its updated Just Energy Transition Partnership roadmap, unless they can convert to hydrogen or green ammonia.

The plan confirms no new coal plants will be built after 2030 and reinforces decarbonisation targets. Read more→

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Vietnam’s coal industry

Vietnam’s coal industry is a key component of its energy mix, supporting power generation, heavy industry, and economic growth.

Domestic production is led by state-owned enterprises, though output has struggled to keep pace with rising demand.

As a result, Vietnam has become a significant coal importer, sourcing supplies from countries such as Indonesia and Australia.

The sector faces growing pressure from energy transition policies, environmental concerns, and the gradual shift toward cleaner power sources.

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The data

Vietnam imports of coal in March, 2026 US$m