Sunday, August 20, 2017 - 7:35:32

Coal sector: export down, domestic consumption up

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Since the beginning of 2014, the Vietnam National Coal and Mineral Industries Holding Corporation (Vinacomin) has taken measures to boost domestic consumption while reducing its export of coal.

In the first five months of this year, the corporation raked in 23.8 trillion VND (1.1 billion USD) from selling 15.5 million tonnes of coal, including 3.3 million for exports and 12.2 million tonnes for domestic consumption.

In the period, it produced 16.7 million tonnes of crude coal, meeting 44.7 percent of its yearly plan.

Vinacomin's coal consumption last year was about 39 million tonnes, almost the same as that of 2012. Of the figure, 11.6 million tonnes were shipped abroad, down 19.6 percent year on year, and 27.4 million tonnes were for domestic consumption, up 11 percent year on year.-VNA
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