Vietnam Exports 26.7Mln Tons of Coal in Jan-November

Vietnam shipped abroad 26.7 million tons of coal in the first eleven months of 2006, earning US$829 million, an on-year rises of 67.9 per cent in volume and 39.9 per cent in value.

 

Initially, the country planned to export 14 million tons of coal this year.

 

In the period, the coal industry produced more than 35 million tons of coal, up 21 per cent on-year. Of the figure, state-owned firms mined nearly 33.3 million tons, an increase of 19.3 per cent, private enterprises roughly 1.2 million tons, up 119.3 per cent and foreign-invested companies 565,000 tons, up 14 per cent on-year.

 

The industry will gradually slash coal exports while raising its total output to serve domestic consumption. Accordingly, it plans to reduce outbound coal shipments to 12 million tons in 2010, five million tons in 2015 and after 2015 it will gradually cut its coal export volume to zero.