Coal prices hike for Vietnam Electricity

The Vietnam National Coal and Mineral Industries Group on March 3 announced an increase in the price of coal it sells to Vietnam Electricity, because it needs money to reinvest.

According to the announcement, the price of 4b coal dust would rise by 47 percent to VND648,000 a ton. 5 coal dust would increase by 28 percent to VND520,000 a ton.

The group said despite the increase, its prices were only 50-60 percent of the cost price last year, and 70 percent of cost price this year.

Source: SGGP - Translated by Da Nguyet

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