Vietnam to import more energy: report

Source: Xinhua| 2017-08-24 19:32:52|Editor: Yurou
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HANOI, Aug. 24 (Xinhua) -- Under Vietnam's national energy development strategy until 2020 with a vision to 2050, the country aims to produce and import 100-110 million tons of oil equivalent (TOEs) of primary energy by 2020 and 310-320 million TOEs by 2050 to meet its socioeconomic development demand.

Vietnam plans to import around 17 million tons of coal, or 31 percent of the coal needed for electricity generation in 2020, Vietnam News Agency reported on Thursday.

The country's energy demand has increased rapidly over the last 15 years, with a commercial energy growth rate of about 9.5 percent each year. It is forecast to continue rising strongly in the next 15 years.

Vietnam's electricity consumption demand grew 13 percent annually from 2006 to 2010 and 11 percent each year between 2011 and 2016.

In 2015, total energy consumed nationwide was estimated at 55 million TOEs.

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