en.Wedoany.com Reported - Vietnam's bulk coal and coke imports reached 5.9 million tons in May 2026, up 13.5% month-on-month from 5.2 million tons in April, and up 18% year-on-year from 5 million tons in May 2025. This growth was primarily driven by increased arrivals from Australia, alongside sustained purchasing activity from power utilities and industrial users. However, cumulative imports from January to May 2026 totaled 22.2 million tons, down 2% from 22.8 million tons in the same period last year, indicating overall stable import demand in the first five months.

Indonesia remained Vietnam's largest coal supplier in May, with imports stable at 3 million tons, unchanged from April. Compared to 2.47 million tons in May 2025, this represented a year-on-year increase of 21.6%, supported by its cost competitiveness, logistical advantages, and strong demand from Vietnam's power sector. Indonesia accounted for over 50% of Vietnam's total coal and coke imports in the month.

Vietnam's coal imports from Australia rose to 2.4 million tons in May, up 60% month-on-month from 1.5 million tons in April, and up 22.5% year-on-year from 1.96 million tons in May 2025. The increase was mainly driven by stronger demand for metallurgical coal from the steel industry and improved supply availability, making Australia the largest contributor to import growth in the month. Indonesia accounted for over 40% of Vietnam's total coal and coke imports in the month.

Coal imports from Russia fell sharply from 600,000 tons in April to 200,000 tons in May, a month-on-month decline of 66.7%. Year-on-year, this was down 42.3% from 350,000 tons in May 2025. The decline may be attributed to reduced purchasing interest, logistical challenges, and a growing preference for alternative sources with more competitive freight rates and higher supply reliability.

In May, imports from other supply sources increased to 300,000 tons, up from 100,000 tons in April, a month-on-month increase of 200%. Year-on-year, this also rose 32% from 230,000 tons in May 2025. This growth indicates a diversification of procurement strategies amid a dynamic market landscape and evolving supply opportunities. No coal imports from South Africa were reported in the month, likely due to limited arbitrage opportunities and increased competition from Indonesian and Australian cargoes.

Vietnam's bulk coal and coke imports are expected to continue being supported by stable power demand, sustained industrial activity, and steady steel production. Indonesian coal is likely to maintain its dominant share due to price competitiveness and geographical proximity. However, import trends will remain dependent on international coal prices, freight rates, supply availability, and regional market dynamics.

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