Coal pricing mechanism of some countries in the world and lessons learned for Vietnam national Coal – Mineral industries holding corporation limited
- Organ:1 Vinacomin Industry investment consulting joint stock company, Hanoi, Vietnam
2 Faculty of Economics and Business Administration, Hanoi University of Mining and Geology, Vietnam
- Keywords: Coal mining, Coal pricing mechanism, Market economy,Vinacomin.
- Received: 10th-Aug-2020
- Accepted: 3rd-Sept-2020
- Available online: 31st-Oct-2020
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.
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