VIETNAM COAL INDUSTRY

The coal industry has an essential role for production activities, particularly in the energy sector. IIn the past five years, coal production has been changed, 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 area 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.

Asia is the largest producer area of coal in the world, followed by North America, Europe and the CIS. 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 years, the output of open-cast coal still plays the leading role and 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, 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
2. Industry overview
2.1 Global current situation
2.2 Vietnam’s Coal Industry
2.2.1 History
2.2.2 Definition and classification
2.2.3 Value chain
2.2.4 Scale and characteristics
2.2.5 Exploitation- consumption current situation
2.2.6 Consumption
2.2.7 Import
2.2.8 Export
2.2.9 Price fluctuation
2.3 Plan in coal industry
3. Enterprise Analysis
3.1 Enterprise Introduction
3.2 Financial analysis

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

 

Figure 1: GDP growth rate by quarter, 2015 – Q3/2018
Figure 2: GDP at current prices and GDP per capita, 2013 – 9T/2018
Figure 3: Contribution of Mining Industry to GDP, 2013 – 9T/2018
Figure 4: Exchange rate CNY/VND, 2013 – 9T/2018
Figure 5: Electricity consumption per capita of Vietnam, 2000 – 2017e
Figure 6: Average electricity price, 7/2007 – 6/2018
Figure 7: Exchange Rate CNY/VND, 2013 – 6T/2018
Figure 8: Global Coal outout, 2011-2017
Figure 9: world coal reserves, 2017
Figure 10: World heat  coal reserves 2017
Figure 11: Top 10 countries produce coal by output, 2017
Figure 12: Coal output by product, 2014 – 2017e
Figure 13: Structure of coal production by product, 2017e
Figure 14: World coal consumption, 2011 – 2017
Figure 15: Change the demand for coal by region, 2010 -2017
Figure 16: Top 12 countries consumed coal by output, 2017
Figure 17: Coal consumption by industry, 2012 – 2040f
Figure 18: Coal consumption by type, in 2017
Figure 19: The number of enterprises and workers in the coal industry, 2010 – 2016
Figure 20: Revenue and profit of the coal industry 2010 – 2016
Figure 21: Total investment capital and fixed assets of the coal industry, 2010 – 2016
Figure 22: Coal reserves and resources by type, 2016
Figure 23: Clean coal production, 2010 – 9T/2018e
Figure 24: Coal Production Cost, 2001 – 2030F
Figure 25: Domestisc Coal Consumption, 9T/2018
Figure 26: Structure of coal consumption, 2017
Figure 27: Income statement  TKV, 2013 – 2017
Figure 28: Coal yield for some cement plants, 2015
Figure 29: Output and turnover Import coal  2013 – 9T/2018
Figure 30: Structure Import coal based on output, 9T/2018
Figure 31: Coal Import price, 9T/2018
Figure 32: Structure of coal type Import value , 9T/2018
Figure 33: Output and coal export turnover, 2011 – 9T/2018
Figure 34: Structure of export market according to output of Vietnam, 9T/2018
Figure 35: Revenue and revenue growth 2016 – 2017
Figure 36: Gross profit margin, 2016 – 2017
Figure 37: Selling expenses / net revenue of the coal industry in  2016-2017
Figure 38: Enterprise management fees / net revenue of coal enterprises 2016-2017
Figure 39: Financial cost / net revenue of coal enterprises  2016-2017
Figure 40: Asset structure and turnover of total assets of coal enterprises, 2017
Figure 41: The debt structure of the coal industry , 2017
Figure 42: Inventory rotation, 2016-2017
Figure 43: Account receivable rotation 2016-2017
Figure 44: Quick solvency ratio, 2017
Figure 45: Net profit and Net Profit/ net revenue, 2017
Figure 46: Performance, 2017

Table 1: Table of tax rates applicable to natural resources 10/12/2015
Table 2: Commodity tax rate
Table 3: Charges for domestic coal production
Table 4: Power planning table VII will provide coal in the coming time
Table 5: Consumption of Coal
Table 6: Importance of coal by type of use
Table 7: Adjusting coal prices for electricity industry
Table 8: The selling price of coal for electricity production (Hon Gai-Cam Pha coal as of 01/7/2018)
Table 9: Selling price of coal to individual households
Table 10: Sale price of coal for cement, fertilizer and paper
Table 11: Company introduction