VIETNAM COAL INDUSTRY

The coal industry has an essential role for production activities, particularly in the energy sector. In the past five years, coal production has been volatile, especially in 2013, the world production of coal has increased sharply. However, this figure has been reduced in 2015. This is also the sharpest decline since the IEA began its statistical year in 1971.

Asia is the largest producer of coal in the world, followed by North America, Europe, and the CIS. China and the United States are two countries having a very strong coal industry with large reserves of coal, modern mining technologies and appropriate development policies, especially in some countries that restrict exports, focusing on energy production and other domestic industries.

Coal, one of the most stressed commodities in the context of the price of mineral resources are affected. Both thermal coal and metallurgical coal have fallen sharply over the past few years, even though thermal power generation accounted for about 41% of the world’s total, while metallurgical coal is still important in steel production. In the first quarter of 2018, thermal coal prices continued to rise sharply after a rebound in 2016. It is expected to continue to rise in 2018 due to strong demand from leading importers in Asia such as China, India, Japan, Korea… 

Vietnam coal industry has a small scale and complicated geological conditions. Over the past few years, open-cast exploited coal output has still remained the key role and represented about 55-60% of the total coal mining volume of the whole industry. Vietnam coal industry is facing many difficulties, business efficiency is reduced due to factors such as the price of domestic coal is decreased, production costs are increasing when the coal mining exploitation increasingly exhausted. That requests enterprises to boost investment in pit mining, along with an increase in taxes and fees. Vietnam coal is hardly competitive with imported coal due to the higher price but lower quality.

From a coal-exporting country, by 2013, Vietnam has started importing coal with the ascending output.By the end of the first quarter of 2018, imported coal output reached x, xxx thousand tons (increased 1.9%) and export turnover reached xxx million USD (up 9.5% over the same period). Coal prices in Vietnam are subject to a lot of pressure from taxes and high fees in production costs. The business results of the coal industry in the past few years have not had many mutations even tended to decrease. However, by 2017, the situation was more positive.

Abbreviations
Executive Summary
1. Business Environment
1.1 Macroeconomic situation
1.2 Legal barriers
1.3 Trade agreements
2. Industry overview
2.1 World’s market
2.1.1 Exploitation- Consumption
2.1.2 Import- Export
2.1.3 Price movement
2.1.4 Exploitation – consumption reality in typical countries
2.2 Vietnam’s Coal Industry
2.2.1 History of Vietnam’s Coal Industry
2.2.2 Definition and classification
2.2.3 Industrial value chain
2.2.4 Industrial scale and feature
2.2.5 Industry exploitation- production reality
2.2.6 Mining methods
2.2.7 Consumption
2.2.8 Import
2.2.9 Export
2.2.10 Inventory
2.2.11 Price movement
2.2.12 Distribution and delivery
2.3 Risk analysis
2.4 Five forces and SWOT analysis
2.5 Development plan of coal industry
3. Enterprise Analysis
3.1 Enterprise Introduction
3.2 Financial analysis
4 Financial analysis appendix

Ha Lam Coal JSC
Mong Duong Coal JSC
Nui Beo Coal JSC
Cao Son Coal JSC
Ha Tu Coal JSC
Deo Nai Coal JSC
Vang Danh Coal JSC
Central Coal JSC

List of figures
Figure 1: GDP growth rate, 2015 – Q1/2018e
Figure 2: The proportion of mineral mining industry in GDP, 2013-Q1/2018
Figure 3: Electric average price, 7/2007 – 3/2018
Figure 4: Electric consumption per capita, 2000 – 2017e
Figure 5: CNY/VND. 2013 – Q1/2018
Figure 6: Monthly CPI Fluctuation, 2014 – 3/2018
Figure 7: World’s coal output from 2011 – 2016e
Figure 8: World’s coal reserves, 2016
Figure 9: Coal production in some countries, 2016
Figure 10: The coal production of areas, 2011-2016
Figure 11: The coal volume by product, 2014-2016e
Figure 12: Coal production by type, 2016
Figure 13: Global coal consumption, 2011 – 2016e
Figure 14: Coal consumption by region, 2011-2016
Figure 15: Coal consumption by sectors, 2012 – 2040f
Figure 16: Coal consumption in some countries, 2016
Figure 17: Coal consumption by types, 2016
Figure 18: The number of firms and workers in the coal industry, 2010 – 2016
Figure 19: Revenue and profit of the coal industry, 2010 – 2016
Figure 20: Total investment and fixed assets of coal industry, 2010 – 2016
Figure 21: Coal reserves by category, 2016
Figure 22: Output of coal mining, 2010 – 2017e
Figure 23: Coal consumption structure, 2017
Figure 24: Vinacomin business results, 2013 – 2017
Figure 25: Coal provision for some cement factories, 2015
Figure 26: Import output and turnover, 2013 – Q1/2018
Figure 27: Vietnam export (Import) turn-over to China and the world, 2009 – Q1/2018
Figure 28: Price of imported coal, 1Q.2018
Figure 29: Structure of imported coal types by volume, Q1/2018
Figure 30: Top 10 largest import companies by volume, Q1/2018e
Figure 31: Top 10 largest export companies by volume, Q1/2018e
Figure 32: Vietnam coal reserve by area, 2015
Figure 33: Revenue and revenue growth, 2016 – 2017
Figure 34: Gross profit margin, 2016 – 2017
Figure 35: Selling expenses and Selling expenses/Revenue, 2016 – 2017
Figure 36: G&A expenses and G&A expenses/Revenue, 2016-2017
Figure 37: Asset structure , 2016-2017
Figure 38: Debt structure , 2016-2017
Figure 39: The inventory Turnover , 2016-2017
Figure 40: The receivables turnover, 2016-2017
Figure 41: Liability structure of coal enterprises, 2017
Figure 42: Solvency coefficient, 2016
Figure 43: Using asset effect, 2016
Figure 44: Performance indicators, 2017

List of tables:
Table 1: Resources Tax rate Table
Table 2: Adjustment of coal price selling for electricity industry
Table 3: Coal price selling for electricity generation (Hon Gai-Cam Pha’s coal by 01/07/016)
Table 4: Coal price selling for individual household
Table 5: Coal price selling for cement, fertilizer and paper
Table 6: Forecasting demand for coal