Soaring energy prices burden Vietnam businesses

Coal mining dumps of Cửa Ông Coal Selection Company, a member of Việt Nam National Coal-Mineral Industries Holding Corporation Limited. Vietnam's imported coal output accounts for about 20-25 per cent of coal supplied to power plants annually. —VNA/VNS

HANOI (Vietnam News/Asia New Network): Skyrocketing prices of petrol and coal in recent days have put great pressure on businesses whose inputs are mainly these products.

Along with the price of oil, the price of gas in the global market is increasing rapidly. For the first time in history, the price of European gas has reached US$3,600 per 1,000cu.m, according to data from the ICE Commodity Exchange in London, UK, on March 7, 2022. The price of gas futures for April delivery at the TTF hub in the Netherlands also increased to $3,639.1 per 1,000cu.m.