Vietnam’s coal and lignite mining industry experienced a mixed performance in October 2024, according to Vietnam’s industrial production index. The month-over-month data reflects a substantial 36.3 percent increase in output, demonstrating a significant short-term recovery in the sector compared to September. This surge could be attributed to seasonal factors, operational adjustments, or a response to increased short-term demand.
However, the year-on-year comparison reveals a different story. When measured against October 2023, the sector’s production has dipped by 7.7 percent, continuing a downward trend that highlights the industry’s ongoing challenges. Additionally, the cumulative data from January to October 2024 shows a decline of 5.9 percent compared to the same period last year. This suggests that, despite a strong monthly recovery, the sector faces enduring issues.