Vietnam’s coal and crude oil imports surged over the first 10 months of the year, reflecting the nation’s growing reliance on energy imports to support its growing economy.
Vietnam is importing increasing amounts of fossil fuels to meet the runaway demand of its domestic economy, one of the fastest-growing in Asia. Vietnam’s target of 6.6% to 6.8% GDP growth has doubled the nation’s demand for coal and increased its crude oil imports by over 80% from last year.