Between 2013 and 2023, coal rents in Vietnam have seen significant fluctuations, showing a general downward trend until 2020, with a notable rise in 2021 followed by another drop, then a rebound in 2023. Key year-on-year variations, such as a dramatic decrease of 47.75% in 2015 and a sharp increase of 128.43% in 2021, highlight the volatility in the market. The recent years show a stabilization with a smaller growth rate and less volatility, with a slight increase of 5.26% year-on-year in 2023. The five-year CAGR to 2023 indicates a small negative growth of -3.33%.
Forecasting into the future from 2024 to 2028, coal rents are expected to remain relatively stable with a very modest five-year CAGR of 0.34%. A long-term growth rate forecast of 1.71% indicates a slow but steady improvement in coal rents.
Looking ahead, it is crucial to monitor global energy transitions, domestic energy policy changes, and potential environmental regulations, which could significantly influence the coal market in Vietnam.
