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Vietnam May Back Off From Coal as Plants Get Harder to Build

It’s becoming harder to finance projects as banks avoid coal
Falling cost of renewables is reducing coal’s price advantage

The AEP Coal-Fired John E. Amos Power Plant As EPA Reviews MATS — Photographer: Luke Sharrett/Bloomberg

By

Mai Ngoc Chau and

February 27, 2020, 6:46 AM UTCUpdated onFebruary 27, 2020, 8:00 AM UTC

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Vietnam may scale back a plan to boost coal’s role in its power generation as financial restrictions and local environmental concerns make it more difficult to build plants.