Vietnam’s crude oil and coal output is decreasing in the 2021-2030 period. Reuters quoted the announcement of the Ministry of Industry and Trade as saying so on July 28.
Specifically, the announcement of the Ministry of Industry and Trade said that Vietnam’s crude oil output in the of 2021-2030 period decreases from an average of 10.17 million tons/year in the previous five-year period to 6-9.5. million tons a year.
In recent years, Vietnam has faced many difficulties in increasing crude oil production partly due to the decrease in offshore crude oil reserves. In addition, the fact that China continuously makes it difficult for oil and gas exploration and exploitation activities off Vietnam’s coast over the past time is also an influential factor.
Vietnam targets annual coal mining output of 41-47 million tons, down from the average of 46.85 million tons in the previous five years.
According to the Ministry of Industry and Trade, these targets are part of a recently approved development plan to support an average economic growth of 7% over the next 10 years.
The approved plan also ensures that Vietnam will achieve its net-zero emissions target by 2050.
Vietnam’s plan for the 2031-2050 period is to achieve crude oil production of 7-9 million tons a year, while coal production will be cut to 39 million tons by 2045 and 33 million tons by 2050.
Thoibao.de (Translated)
