Australian mining and industry association HunterNet is leading a mining and energy trade mission to Vietnam next month. The mission, which is part of Austrade’s Business Engagement Program, will coincide with the Mining Vietnam 2016 exhibition and conference in Hanoi at the end of March.
It will also involve a coal mine visit and meeting with key Vietnamese mining companies and authorities. Vietnam is a mineral-rich country and a key coal producer in the region, which fits in well with HunterNet’s base being in the coal-rich Hunter Valley region of New South Wales.
HunterNet, Austrade and the mission will play roles in Mining Vietnam, which is South East Asia’s leading mining event and is well attended by key government and industry leaders. The exhibition and conference will provide the opportunity to showcase Australia’s METS sector expertise which can benefit the mining industry in the South East Asian region. Mining Vietnam will also enable delegates to gain an insight into the latest mining and exploration projects, policies and incentives available in Vietnam and the wider region.
The mission program starts on March 28 and runs until April 1. Key activities include an Energy Roundtable in Hanoi, METS Roundtable in Quang Ninh, mine site visit, two days at Mining Vietnam 2016, Australia mining technical workshop and a formal industry networking function.
Vietnam is one of the fastest growing economies in South East Asia and has its sights set on becoming a developed nation by 2020. Commentators predict continued stable annual growth of around 6% for the next 3-4 years. This growth forecast, coupled with the significant investment planned to realise Vietnam’s Power Master Plan provides Australian firms with a range of opportunities.
This mission will build on Austrade and HunterNet’s engagement with a Vietnamese mining and energy government delegation that visited New South Wales last November. A Ministry of Industry and Trade delegation led by Vice Minister Dr Cao Quoc Hung visited Australia with the objective of meeting with Australian coal suppliers, investors and service providers.
The delegation came to Australia to understand the coal and power supply industries. The capabilities derived from these industries including, logistics, infrastructure, operations, environmental management and supply chain support systems for both the resources and energy sectors. HunterNet co-hosted the Austrade program in the Hunter Valley.
Following on from the success of this visit, Austrade and HunterNet will provide the opportunity for Australian industry to connect with the Vietnamese mining and energy industry and promote Australia’s capabilities to this high growth energy market.
Vietnam’s future economic growth will depend on securing its energy supply through the development of the coal-fired power sector. Vietnam’s Power Master Plan to 2030 outlines a requirement for approximately 67.3 million tonnes of coal in 2020, increasing to 171 million tonnes in 2030 to feed into its coal-fired thermal plants.
Vietnam is unable to meet this demand based on its domestic supply. It forecasts to import some 12 million tonnes in 2020, 48 million tonnes in 2025, and 80 million tonnes by 2030. By 2030, 45 out of the total 60 operational coal-fired power plants in Vietnam will rely exclusively on imported coal for power generation.
Along with the coal demand, Vietnam requires infrastructure and services to support the thermal power sector including establishing a transhipment port, receiving terminals, logistics and coal blending capability.