Friday, June 10, 2011

Vietnam's coal exports decrease as local shortage projected for 2012

According to Vietnam's general statistics office, Vietnamese coal exports totaled 6.64 million tonnes in the first five months of 2011, down 25% year on year. In the first four months, over 70% of the coal exports went to China, 13% to South Korea and 11% to Japan.

However state-owned Vietnam National Coal and Mineral Industries Group (Vinacomin) reportedly projects that its coal output will decrease in coming years and the country will have to import coal by 2012. The company plans to step up exploration for coal and increase investment in equipment.

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