Business

Coal exports surge in four months

Vietnam’s total coal export volume in the first four months of the year surged five times from the same time last year to more than 544,000 tonnes, according to the General Department of Customs.
Coal exports surge in four months ảnh 1Illustrative photo (Photo: VNA)

Hanoi (VNA) – Vietnam’s total coal export volume in the first fourmonths of the year surged five times from the same time last year to more than544,000 tonnes, according to statistics from the General Department of Customs.

The department said that Vietnam pocketed 83.6 million USD from coal shipmentsduring the period, a 9.5 times increase year-on-year.

Average coal export price rocketed to nearly 154 USD per tonne, much higherthan 79 USD per tonne during January-April in 2016.

Notably, China was no longer Vietnam’s key export market in the period with themajor coal importers being Japan and Malaysia.

Accordingto a master plan for the coal sector by 2020 with a vision to 2030, coal outputis expected to reach 47-50 million tonnes by 2020 and 55-57 million tonnes by2030. However, domestic demand for coal is forecast to be double localproduction output, about 112.3 million tonnes by 2020 and 220.3 million by2030.-VNA


VNA
#coal export#544#000 tonnes#83.6 million USD#General Department of Customs#major coal importers#coal export price#master plan
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