Coal pricing mechanism of some countries in the world and lessons learned for Vietnam national Coal – Mineral industries holding corporation limited

  • Affiliations:

    1 Vinacomin Industry investment consulting joint stock company, Hanoi, Vietnam
    2 Faculty of Economics and Business Administration, Hanoi University of Mining and Geology, Vietnam

  • *Corresponding:
    This email address is being protected from spambots. You need JavaScript enabled to view it.
  • Received: 10th-Aug-2020
  • Revised: 3rd-Sept-2020
  • Accepted: 31st-Oct-2020
  • Online: 31st-Oct-2020
Pages: 60 - 67
Views: 2306
Downloads: 761
Rating: 1.0, Total rating: 75
Yours rating

Abstract:

As one of the two largest coal production and trading units in Vietnam, Vietnam National Coal - Mineral Industries Holding Corporation Limited (Vinacomin) is still operating both under the planning mechanism and the market mechanism. Additionally, in recent years, the group's coal price is also being built under these mechanisms. In the context of increasingly deep integration, fluctuating coal price and market, the competition of imported coal is getting more and more fierce, while coal mining conditions are increasingly difficult, the coal production and trading still have many shortcomings, so it is necessary to have a coal price determination mechanism accordance with the actual conditions of the Vietnamese coal market. Therefore, in order to determine the coal price scientifically and in association with practice, the reference to the coal pricing mechanism in some countries around the world to draw lessons for Vinacomin plays an important role. The content of this article mentions the coal pricing mechanism in some countries with a large amount of coal mining and consumption such as China, Australia, Russia, Indonesia,... thereby giving a comprehensive view of the coal price management, operation and construction mechanism of some coal markets in the world and as a reference basis for Vinacomin.

How to Cite
Nguyen, T.Cong, Luu, H.Thu Thi and Dong, B.Thi 2020. Coal pricing mechanism of some countries in the world and lessons learned for Vietnam national Coal – Mineral industries holding corporation limited (in Vietnamese). Journal of Mining and Earth Sciences. 61, 5 (Oct, 2020), 60-67. DOI:https://doi.org/10.46326/JMES.KTQTKD2020.09.
References

Nguyễn Công Tân, (2020). Nghiên cứu xây dựng khung biểu giá than và đề xuất cơ chế quản lý, điều hành giá than tại Việt Nam”, Báo cáo tổng kết đề tài cấp ngành mã số: KC.06.Đ34-19/16-20, Công ty cổ phần tư vấn Đầu tư Mỏ và Công nghiệp – Vinacomin.

Paul Baruya, (2015). Coal contracts and long-term supplies, CCC/258, IEA Clean Coal Centre, 76 pages.

Plakitkin Yu.A., (2015). Hình thành giá than: thông lệ trong nước và thế giới, ISSN 0041-5790 • THAN số 1-2015/1066.

Rachit Tiwari, (2015). A Discussion in Noncoking Coal  Pricing Systems Adopted in Different Countries, Indian Institute of Management, Ahmedabad, SAGE Publications, VIKALPA The Journal for Decision Makers 40(1) 62–73.

 ZhongXiang Zhang and Ma Yinchu, (2018). Energy Price Reform in China, School of Economics and China Academy of Energy, Environmental and Industrial Economics, Tianjin University, 1243 -1244.

World Bank Energy Department, (1985), Domestic Coal Pricing: Suggested Principles and Present Policies in Selected Coountries, 145 -189.

Other articles