HMS Bergbau AG Strengthens Market Position in Asia Through Vietcombank Collaboration

HMS Bergbau AG, a prominent German commodity trading company, has expanded its market presence in Asia by securing a credit facility with Vietcombank, one of Vietnam's leading banks. This makes HMS Bergbau one of the few non-Vietnamese companies to achieve such a deal. The credit line, valued in the low three-digit million USD range, is intended to support the company's global trading operations.

With a significant portion of its sales generated in Asia, HMS Bergbau has a long-standing presence in the region, operating in countries such as Indonesia and Vietnam. The new agreement with Vietcombank will enable HMS Bergbau to stabilize the supply of raw materials, thus enhancing energy security in Southeast Asia.

Global coal demand continues its upward trend, with production anticipated to rise to a record 8.7 billion tons in 2024. This surge is largely driven by emerging markets, where coal remains a vital energy source.