Vietnam imported over 9.7 million tons of coal in the first 8 months of 2016

According to the report of Vietnam’s General Department of Customs, among 54 large import commodities in 8 months from the beginning year, there was more than 9.7 million tons of coal valued more than US$ 600 million accounting 191% by volume and 107% by value in comparison with the same period of 2015.

The above data have show that the growth rate of coal import in 8 months underwent a sudden mutation by both volume and value as 1.2 million tons per month, respectively over US$ 75 million per month.

Russia, Indonesia and China were the largest coal supplies for Vietnam.

Russia, Indonesia and China were the largest coal supplies for Vietnam. The concrete situation of coal import from three counties was as follows: from Russia – 2.8 million tons with an average rate of about US$ 63/ton valued over US$ 179 million; from Indonesia – 1.8 million tons with US$ 44/ton valued US$ 80 million; and from China – 1.4 million tons with US$ 71/ton valued US$ 100 million.

With identifying the domestic coal demand is more and more growing, the Government has approved the project on the Coal Industry Development Plan of Vietnam by 2020 with an outlook up to 2030 in which the coal demand is expected: 56,2 million tons by 2015, 112,3 million tons by 2020, 145,5 million tons by 2025 and 220,3 million tons by 2030.