Friday, 30 Dec 2011
Dow Jones Commodities News Select via Comtex quoted the General Statistics Office said Vietnam exported 1.8 million tonnes of coal in December down 10% from 2 million tons in November.
The GSO said in a statement that coal exports in 2011 reached 17.67 million tonnes down by 10.9%.
State run Vietnam National Coal, Mineral Industries Holding Corp or Vinacomin said earlier this year that it will cut coal exports to 14 million tonnes in 2012.
The company also plans to gradually cut annual coal exports to 3 million tonnes a year by 2015 to set aside the fossil fuel for its power plants.
(Sourced from Dow Jones Commodities)
Showing posts with label Vietnam coal export. Show all posts
Showing posts with label Vietnam coal export. Show all posts
Friday, December 30, 2011
Friday, December 2, 2011
Vietnam's 2012 coal exports to fall, imports eyed
Friday, Dec2, 2011
HANOI (Reuters) - Vietnam plans to reduce its coal exports next year by 18.2 percent from this year's projected shipments to 13.5 million tonnes, a senior official in top coal miner Vinacomin was quoted on Thursday as saying.
Vietnam is a net coal exporter but it is expected to turn into an importer by 2015, when a series of thermal power plants start operation. It has already started reducing exports to save supplies for domestic consumption.
Annual exports will fall to 8 million tonnes in 2013 and between 4 million and 5 million tonnes a year from 2015, based on an Industry and Trade Ministry masterplan, Vinacomin Chairman Tran Xuan Hoa told the state-run Tuoi Tre newspaper.
Annual imports would be 5 million tonnes from 2015, Hoa said.
Hoa could not be reached on Thursday for comments.
Vietnam has imported coal from Australia and has been looking to buy from Russia.
In June, Vietnam received 9,570 tonnes of its first thermal coal shipment from Indonesia, officials said.
Japan's Marubeni Corp has agreed in principle to sell Vinacomin up to 2 million tonnes of Australian or Indonesian coal a year and hopes shipments can start in 2015-16.
Two sources at Vinacomin said on Thursday the group did not have specific annual import targets until 2015, but small imports will take place.
"We do not have a plan for coal imports next year," a Vinacomin executive said.
"Our subsidiaries may import small volumes in preparation for future imports and that's not our plan... Maybe they will look at nearby suppliers to buy coal," he said without naming any buyers.
By allowing such imports, Vinacomin wanted its subsidiaries to become familiar with the process, another source said.
Hoa said Vietnam could still maintain its exports if the price was in line with global prices.
"In the long run, if our coal prices follow international prices, it is beneficial for the southern region to import coal, while the northern region will run production to meet its demand and export will be more efficient," he told the daily.
Quang Ninh province in the north is Vietnam's main coal mining and processing zone.
The northern Red River basin is also believed to contain significant coal reserves but they are mostly untapped as the region is the country's largest rice growing area after the Mekong Delta in the south.
Vietnam exported 15.11 million tonnes of coal between January and November, down 12.3 percent from the same period last year, government statistics show.
(sourced Reuters)
HANOI (Reuters) - Vietnam plans to reduce its coal exports next year by 18.2 percent from this year's projected shipments to 13.5 million tonnes, a senior official in top coal miner Vinacomin was quoted on Thursday as saying.
Vietnam is a net coal exporter but it is expected to turn into an importer by 2015, when a series of thermal power plants start operation. It has already started reducing exports to save supplies for domestic consumption.
Annual exports will fall to 8 million tonnes in 2013 and between 4 million and 5 million tonnes a year from 2015, based on an Industry and Trade Ministry masterplan, Vinacomin Chairman Tran Xuan Hoa told the state-run Tuoi Tre newspaper.
Annual imports would be 5 million tonnes from 2015, Hoa said.
Hoa could not be reached on Thursday for comments.
Vietnam has imported coal from Australia and has been looking to buy from Russia.
In June, Vietnam received 9,570 tonnes of its first thermal coal shipment from Indonesia, officials said.
Japan's Marubeni Corp has agreed in principle to sell Vinacomin up to 2 million tonnes of Australian or Indonesian coal a year and hopes shipments can start in 2015-16.
Two sources at Vinacomin said on Thursday the group did not have specific annual import targets until 2015, but small imports will take place.
"We do not have a plan for coal imports next year," a Vinacomin executive said.
"Our subsidiaries may import small volumes in preparation for future imports and that's not our plan... Maybe they will look at nearby suppliers to buy coal," he said without naming any buyers.
By allowing such imports, Vinacomin wanted its subsidiaries to become familiar with the process, another source said.
Hoa said Vietnam could still maintain its exports if the price was in line with global prices.
"In the long run, if our coal prices follow international prices, it is beneficial for the southern region to import coal, while the northern region will run production to meet its demand and export will be more efficient," he told the daily.
Quang Ninh province in the north is Vietnam's main coal mining and processing zone.
The northern Red River basin is also believed to contain significant coal reserves but they are mostly untapped as the region is the country's largest rice growing area after the Mekong Delta in the south.
Vietnam exported 15.11 million tonnes of coal between January and November, down 12.3 percent from the same period last year, government statistics show.
(sourced Reuters)
Thursday, October 27, 2011
Vietnamese coal exports in decline
Thu, Oct27, 2011 | By CoalPortal
Vietnam has recorded a 13.2% fall in coal exports YoY for the first nine months of 2011.
Exporters are however enjoying a 3.2% increase in market price for their coal.
With 12.62 million tonnes of coal exported from Vietnam in the same period, it makes up 74.2% of the yearly, export target. The largest consumer of Vietnamese coal continues to be China purchasing 9.8 million tonnes.
The Vietnamese Department of Customs says it is planning to reduce overall coal exportation figures to just 3 million tonnes by 2015, to shore up domestic supplies. The recent increase in export tax on all coal is designed to stimulate this, by limiting outgoing fossil fuels.
Vietnam has recorded a 13.2% fall in coal exports YoY for the first nine months of 2011.
Exporters are however enjoying a 3.2% increase in market price for their coal.
With 12.62 million tonnes of coal exported from Vietnam in the same period, it makes up 74.2% of the yearly, export target. The largest consumer of Vietnamese coal continues to be China purchasing 9.8 million tonnes.
The Vietnamese Department of Customs says it is planning to reduce overall coal exportation figures to just 3 million tonnes by 2015, to shore up domestic supplies. The recent increase in export tax on all coal is designed to stimulate this, by limiting outgoing fossil fuels.
Friday, August 5, 2011
Vietnam imposes taxation travel on spark exports
Aug 5th, 2011
(MENAFN) The Vietnam Ministry of Finance (VMF) pronounced that in sequence to quell spark exports, a supervision would lift a spark trade taxation rate to 20 percent from 15 percent, reported Xinhua News.
The method combined that a preference came as Vietnam Coal and Mineral Industries Group (Vinacomin) had to import 9,500 tons of low peculiarity spark from Indonesia to supply energy thermo electric plants in a nation for a initial time, that done Vietnam a spark importer.
It also pronounced that by a subsequent year, Vietnam would have to import around 10 million tons of spark on a yearly basis, that would go adult to 100 million tons annually by 2020.
It is value observant that Vietnam forecasts a yearly exports to strech 2 million tons by a subsequent year, and 20 million tons by a year 2020.
(sourced VN Made)
(MENAFN) The Vietnam Ministry of Finance (VMF) pronounced that in sequence to quell spark exports, a supervision would lift a spark trade taxation rate to 20 percent from 15 percent, reported Xinhua News.
The method combined that a preference came as Vietnam Coal and Mineral Industries Group (Vinacomin) had to import 9,500 tons of low peculiarity spark from Indonesia to supply energy thermo electric plants in a nation for a initial time, that done Vietnam a spark importer.
It also pronounced that by a subsequent year, Vietnam would have to import around 10 million tons of spark on a yearly basis, that would go adult to 100 million tons annually by 2020.
It is value observant that Vietnam forecasts a yearly exports to strech 2 million tons by a subsequent year, and 20 million tons by a year 2020.
(sourced VN Made)
Saturday, February 19, 2011
Vietnam: coal export earnings up sharply for 2010
Feb 18,2011
Thanks to higher prices, Vietnam’s coal export earnings surged 22% to US$ 1.6 billion last year despite a 21% drop in export volume to 19.8 million tonnes.
The Ministry of Industry and Trade said the actual export volume exceeded the 19.2 million tonnes earlier projected by the General Statistics Office.
Vietnam’s coal export to China fell 28% to 14.6 million tonnes while shipments to South Korea declined 1.2% to 1.76 million tonnes. Its sales to Japan rose 24.1% to 1.71 million tonnes.
For 2011, state-owned Vietnam Coal and Mineral Industry Group (Vinacomin) expects to export 16.5 million tonnes of coal while supplying 27.5 million tonnes to domestic users. The company is targeting produce over 44 million tonnes of coal this year, unchaged from last year.
(sourced:Energy Asia)
Tags: Vietnam coal export, import/export statics, coal prices,
Thanks to higher prices, Vietnam’s coal export earnings surged 22% to US$ 1.6 billion last year despite a 21% drop in export volume to 19.8 million tonnes.
The Ministry of Industry and Trade said the actual export volume exceeded the 19.2 million tonnes earlier projected by the General Statistics Office.
Vietnam’s coal export to China fell 28% to 14.6 million tonnes while shipments to South Korea declined 1.2% to 1.76 million tonnes. Its sales to Japan rose 24.1% to 1.71 million tonnes.
For 2011, state-owned Vietnam Coal and Mineral Industry Group (Vinacomin) expects to export 16.5 million tonnes of coal while supplying 27.5 million tonnes to domestic users. The company is targeting produce over 44 million tonnes of coal this year, unchaged from last year.
(sourced:Energy Asia)
Tags: Vietnam coal export, import/export statics, coal prices,
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