VIETNAM COAL INDUSTRY

Vietnam’s coal industry is fragmented and under complicated geological conditions. In spite of the technology advancement, the conditions for applying and deploying technology are limited by scale. Vietnam Coal industry is facing difficulties such as the decrease of economic efficiency because the domestic coal price declined, the increase of cost of goods manufactured while the open-cast mining reserves are declining, the increase of fees, tax. Vietnam has troubles competing with imported coal.

In Q1/2019, the coal volume nationwide increased by 8.7% compared to the previous year. The coal volume and export turnover both decreased 94.5% and 94.2% respectively over the same period of 2018 due to the sharp decline of inventories after positive consumption in 2018. The import volume rose by 149.1% compared to the same period of 2018, the import turnover increased 88.4% over the previous year.

The business results of coal enterprises have grown sharply compared to 2018 mainly due to the impact of the increase of the world coal price. However, TKV currently holds a monopoly on coal, so it is difficult for these enterprises to be active on their own business plan but to depend completely on TKV.

 

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
Coc Sau JSC

List of figures
Figure 1: GDP growth rate by quarter, 2016 – 2019
Figure 2: GDP at current prices and GDP per capita, 2013 – 2018
Figure 3: The proportion of mineral mining industry in GDP, 2013-2018
Figure 4: Exchange rate CNY/VND, 2013 – 3/2019
Figure 5: Electric average price, 7/2007-3/2019
Figure 6: Electric consumption per capita, 2000 – 2017e
Figure 7: World’s coal production, 2011 – 2017
Figure 8: World’s coal reserves, 2017
Figure 9: World thermal coal reserves, 2017
Figure 10: Top 10 largest coal producing countries, 2017
Figure 11: Coal exploitation by region, 2011-2017
Figure 12: Coal Production by Products, 2014 – 2017e
Figure 13: Coal Producing Structure by Products, 2017e
Figure 14: World coal consumption, 2011 – 2017
Figure 15: Coal Demand change by region, 2010 -2017
Figure 16: Coal consumption by industries, 2012 – 2040f
Figure 17: Top 12 largest coal consuming countries by volume, 2017
Figure 18: Coal consumption structure by types, 2017
Figure 19: World Coal trading 2015-2017
Figure 20: Global coal export, 2017
Figure 21: The most coal exporting countries in the world by value, 2017
Figure 22: The most coal exporting countries in the world by production, 2017
Figure 23: Structure of coking coal import by country, 2017
Figure 24: Structure of coking coal export by country, 2017
Figure 25: Thermal Coal price movements in 10/2012 – 3T/2019
Figure 26: Coal Import-Export, 2011 – 2017
Figure 27: Coal production and Consumption in China, 2011 – 2017
Figure 28: Coal consumption by industries, 2015 – 2018f
Figure 29: Coal production and consumption in US, 2011 – 2017
Figure 30: US coal import – export, 2011 – 2017
Figure 31: US Coal Export by region in 2017
Figure 32: US Coal Import by region in 2017
Figure 33: Coal production and consumption in India 2011 – 2017
Figure 34: Coal consumption by sectors, 2015 – 2016
Figure 35: Coal import in India, 2011 – 2017*
Figure 36: Coal reserves in India, 2010 -2016
Figure 37: Coal consumption in Japan, 2007-2017e
Figure 38: Coal production in Japan 2007-2017e
Figure 39: Japan coal exporting structure, 2016
Figure 40: Japan Coal Import, 2010 -2016
Figure 41: Japan coal importing structure, 2016
Figure 42: Main export market of Australia coke, 2015-2016
Figure 43: Australia Coal production-consumption, 2007-2017e
Figure 44: Main export market coal thermoelectric from Australia,, 2015-2016
Figure 45: Number of enterprises and labor in the coal industry, 2010 – 201
Figure 46: Coal Industry Revenue and Profit, 2010 – 2017
Figure 47: Total investment and fixed assets of coal industry, 2010 – 2017
Figure 48: Coal reserves and resources by types, 2016
Figure 49: Clean Coal Production in 2010-Q1/2019
Figure 50: Domestic Coal Consumption, 2018
Figure 51: Coal consuming Structure, 2017
Figure 52: TKV Business results, 2013 – 2018
Figure 53: Coal output supplied to some cement factories, 2015
Figure 54: Coal import volume and value, 2013 – Q1/2019
Figure 55: Coal import structure by volume, Q1/2019
Figure 56: Coal import prices by countries, Q1/2019
Figure 57: Types of imported coal structure by value, Q1/2019
Figure 58: Top 10 coal import enterprises, Q1/2019e
Figure 59: Top 10 coal exporter to Vietnam, Q1//2018e
Figure 60: Coal export volume and turnover, 2011 – Q1/2019
Figure 61: Vietnam coal exporting structure by volume, Q1/2019
Figure 62: Coal Inventory, 2010 – 2018
Figure 63: Vietnam coal reserves by region, 2015
Figure 64: World thermal coal Forecast, 2011-2022f
Figure 65: World Coke Forecast, 2011-2022f
Figure 66: Production and Import Forecast, 2010 – 2020f
Figure 67: Net revenue and revenue growth 2017 – 2018
Figure 68: Gross profit margin, 2017 – 2018
Figure 69: Selling expenses and Selling expenses/Revenue, 2017 – 2018
Figure 70: Enterprise management cost/net revenue of coal industry enterprises 2017-2018
Figure 71: Financial expenses / net revenue of coal industry enterprises 2017 – 2018
Figure 72: Asset structure and turnover of total assets of coal companies, 2018
Figure 73: Debt structure of coal industry enterprises, 2018
Figure 74: The inventory Turnover , 2017 – 2018
Figure 75: The receivables turnover, 2017 – 2018
Figure 76: Solvency coefficient, 2018
Figure 77: EAT and EAT/Net revenue, 2018
Figure 78: Operational efficiency, 2018

List of tables
Table 1: Natural resource tax rate applied Dec 10 2015
Table 2: Charges for domestic coal production
Table 3: Electricity planning VII of coal provision in the near future
Table 4: Share of imported coal by type of use% in 2017
Table 5: Adjustment of coal price selling for electricity industry
Table 6: Coal price selling for electricity generation (Hon Gai-Cam Pha’s coal by 01/01/2019)
Table 7: Coal price selling for individual household
Table 8: Coal price selling for cement, fertilizer and paper
Table 9: Forecasting demand for coal