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Vietnam coal export up in 2018

Coal News - Published on Tue, 15 Jan 2019

Image Source: SteelGuru
Xinhua reported that Vietnam exported roughly 2.4 million tonnes of coal worth 325 million US dollars in 2018, mainly to Japan, South Korea, Thailand, India and Malaysia, posting respective year-on-year increases of 7.6 percent and 13.1 percent. Ministry of Industry and Trade said that last month alone, Vietnam gained 30 million US dollars from exporting 200,000 tonnes of coal, down 0.8 percent in value and down 22 percent in volume against December 2017.

Demand for coal in many Asian countries, including India, Indonesia, Pakistan and the Philippines will continue rising in the next few years, while that for the fossil fuel in China is forecast to drop slightly, according to Vietnams National Coal-Mineral Industries Holding Corporation (Vinacomin), the country's biggest coal producer and exporter.

Vinacomin sold 38.7 million tonnes of coal in the Vietnamese market, exported 1.8 million tons of the fossil fuel, and made coal revenues of 62,260 billion Vietnamese dong (2.7 billion US dollars) in 2018.

Vinacomin said it currently has 98,600 workers whose monthly salary averages 10.8 million Vietnamese dong (nearly 470 US dollars).

Source :

Posted By : Rabi Wangkhem on Tue, 15 Jan 2019
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