Open Journal of Business and Management, 2021, 9, 1619-1630 https://www.scirp.org/journal/ojbm ISSN Online: 2329-3292 ISSN Print: 2329-3284 DOI: 10.4236/ojbm.2021.94088 Jul. 8, 2021 1619 Open Journal of Business and Management Determination of the Risk of Coal Supply Chain for Thermal Power Plants in Vietnam Quang Tran Van 1 , Quoc Hung Vu 2* , Sy Hung Mai 2* 1 Internal Control Board, PetroVietnam Power Corporation—Joint Stock Company, Hanoi, Vietnam 2 Department of Hydraulic Engineering and Construction, National University of Civil Engineering, Hanoi, Vietnam Abstract Currently, electricity is one of the developing fields and plays an important role in the socio-economic life of Vietnam. In which, the power output pro- vided by thermal power plants is very large. In order to ensure stable opera- tion and high productivity of thermal power plants, the Government and people of Vietnam have been making efforts to improve the infrastructure, especially the logistics of shipping by sea to serving the operation of thermal power plants. However, shipping by sea, Vietnam still faces many challenges that need a lot of effort to solve. Currently, shipping by sea is very risky, causing negative impacts on the operation of thermal power plants. In which, the coal supply system plays an important role. Risk assessment has been recognized as a useful tool to identify hazards, analyse weaknesses and risks of shipping by sea, and select appropriate mitigation measures. A question- naire has been compiled that includes 38 factors that create possible risk events during shipping by sea. The risk matrix is used as the basis for quan- titative risk analysis to identify the most important risks that greatly affect the operation of thermal power plants and indicate solutions to control risks. Re- search analysis and risk assessment based on the survey questionnaire, achieved the following results: 1) Recognizing that, there are 27 major risks affecting the transport of coal by sea; 2) Scientific rating of the effect of all risks to sea transport of coal; 3) Make recommendations that can reduce or eliminate in- fluencing factors. This study provides a valuable reference to help the investor and the contractor complete the plan, ensuring the benefits for the parties involved in the contract to perform the operation of the thermal power plant. Keywords Risk Management, Risk Assessment, Transport of Coal by Sea How to cite this paper: Van, Q. T., Vu, Q. H., & Mai, S. H. (2021). Determination of the Risk of Coal Supply Chain for Thermal Power Plants in Vietnam. Open Journal of Business and Management, 9, 1619-1630. https://doi.org/10.4236/ojbm.2021.94088 Received: June 11, 2021 Accepted: July 5, 2021 Published: July 8, 2021 Copyright © 2021 by author(s) and Scientific Research Publishing Inc. This work is licensed under the Creative Commons Attribution International License (CC BY 4.0). http://creativecommons.org/licenses/by/4.0/ Open Access