The agreement between two subsidiaries of Vinacomin and Xekong Power Plant Limited helping to diversify supply sources…

Two subsidiaries of Vietnam National Coal and Mineral
Industries Holding Corporation Limited (Vinacomin) signed a coal supply
contract with Laos’ Xekong Power Plant Limited, a subsidiary of the Phonesack Group, on November 27.

The agreement between the Coal and Mineral Import–Export
Joint Stock Company and Vinacomin–Northern Coal Trading Joint Stock Company,
and Xekong Power Plant Limited will contribute to diversifying the supply
sources, helping Vinacomin to be more proactive in coal supply — a core factor
serving thermal power plants, industrial production, and ensuring national
energy security.

This is also the initial step of the energy cooperation after
the two sides signed a Memorandum of Understanding on cooperation in the coal
sector in July 2023 (MOU 2023) aimed at enhancing coal trade, ensuring energy
security, and exploiting mineral-energy potential between Vietnam and Laos.

The MOU 2023 sets a target of exporting around 20 million
tons of coal from Laos to Vietnam each year.

VnEconomy-Nguyệt Hà