August 29, 2008

Vietnam to further reduce coal exports

Vietnam has raised its export price of coal to China by 40%, which has made China under pressure. The main reason is because global coal supply becomes very tight and especially the strong demand from Vietnam

Moreover, Vietnam decided to supply domestic market for first priority and reduce its exports gradually. The total quantity of coal in Vietnam reached some 30 billion tonnes and it ranked the first biggest producer in South East Asia.

Vietnam’s main coal export markets were China, South Korea and Japan, accounting around 90% in total.

(Sourced from YIEH.com)