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,