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In 2018, global coal power growth indicators declined for the third consecutive year, with new construction capacity falling 39% compared to 2017. While China and India saw record lows in new permits, China remained an outlier by resuming construction on previously frozen projects. The United States led the world in plant closures, recording 17.6 GW of decommissioned capacity. The report highlights that meeting IPCC climate goals of 1.5°C to 2°C requires a rapid phase-out of coal, yet China's China Electricity Council has proposed increasing its coal capacity limit to 1,300 GW by 2030. In India, coal is facing stiff competition from cheaper solar and wind energy, while Vietnam has seen the fastest growth in coal capacity among countries with over 4 GW, though it is facing increasing public opposition and financial tightening from Japanese banks.

This document is a Vietnamese translation of excerpts from the 'Boom & Burst Coal 2024' report by Global Energy Monitor and its partners. It analyzes global coal power trends in 2023, highlighting a dichotomy where new construction has hit a 9-year low outside China but an 8-year high within China. The report provides a detailed assessment of Vietnam's energy transition, focusing on the Power Development Plan VIII (PDP8) and the Just Energy Transition Partnership (JETP), while noting that global coal capacity reached an all-time high in 2023.