Marubeni Corp., a Japanese trading company, agreed to supply 1 million to 2 million metric tons of coal a year to Vietnam National Coal-Mineral Industries Group.
The coal will come from Australia or Indonesia, the Vietnamese company said in a statement on its website yesterday, citing Mamoru Sekiyama, Marubeni's senior executive vice president. The type of coal, financial terms and delivery dates weren't disclosed in the statement.
Vietnam imported its first cargo of power-station coal in June, the Vietnam News Agency reported on June 13, citing Vinacomin, as Vietnam National Coal-Mineral Industries is known. The state-owned coal producer plans to buy about 10 million tons from overseas markets in 2012, according to the report.
Vinacomin aims to increase coal output to 55 million tons in 2015 from about 44 million tons this year, the company said in its statement.