Coal imports surge high

20:51 | 21/09/2016 Import-Export Follow english.haiquanonline.com.vn on

Vietnam imported more than 9.7 million tons of coal valuing at US$600 million during the first eight months of this year, according to latest statistics from the General Department of Vietnam Customs.

	Circular on test quality imported motor vehicles: more extensive "door" for all businesses
	Philippines extends safeguard duties on Vietnam test-liner board paper
	HCM City Department of Customs establishes a Working Group for implementation of the Law on export and import tax

Vietnam imported more than 9.7 million tons of coal valuing at US$600 million during the first eight months of this year.

The figure is much higher than the 500,000 tons imported in 2015 for domestic use.

Russia remained the biggest seller of coal to Vietnam with 2.8 million tons, trailed by Indonesia (1.8 million tons) and China (1.4 million tons). However, the coal imported from Russia costs Vietnam only US$63 per ton, which was lower than that from China with US$71 per ton.

According to the Vietnam coal industry development planning up to 2020 with a vision to 2030 announced by the Ministry of Industry and Trade (MoIT) last month, coal output will reach 47-50 million tons by 2020, 51-54 million tons by 2025 and 55-57 million tons by 2030.

The MoIT forecast that with current reserves, Vietnam can exploit coal for several hundred years. The northeast coal basin alone can supply enough coal for the next 40-50 years.

Meanwhile domestic demand for coal will double the production output, around 112.3 million tons by 2020 and 220.3 million by 2030.

Customs explains the difference in data about mineral exports

VCN- “The difference in data of mineral exports up to $ 5 billion to China every year ...

Import demand for the operation of thermal power plants, steel and cement plants is on the rise. The Vietnam National Coal and Mineral Industries Group (Vinacomin) plans to import around 20-30 million tons of coal by 2020 for electric power plants.

Source: VOV

Tags:

Vietnam coal import statistics Department customs domestic use production

Related News

Vietnam ready to export first batch of sweet potatoes to China

13:57 | 06/04/2023 Anti-Smuggling

Vietnam’s 70 sweet potato cultivation areas and 13 packaging facilities have been licenced to export to China, reported the Ministry of Agriculture and Rural Development (MARD)’s Plant Protection Department.

Australian Governor-General wraps up State visit to Vietnam

13:53 | 06/04/2023 Headlines

Australian Governor-General David Hurley, his spouse and the Australian delegation left Ho Chi Minh City on April 6, wrapping up his State visit to Vietnam from April 3-6.

Facilitates import and export enterprises amid difficult context

09:46 | 06/04/2023 Customs

VCN – Making great efforts to create favourable conditions for businesses and promoting import and export growth are key contents concluded by Deputy Director General Hoang Viet Cuong at the online conference to review performance in the first quarter and set out the task in the second quarter of 2023, held by the General Department of Vietnam Customs (GDVC) on April 4.

Vietnam a potential market for French businesses, investors: experts

16:12 | 05/04/2023 Import-Export

French businesses should innovate their approach, enhance their understanding of culture and language, and make changes to adapt to Vietnam's transitioning economy in order to expand their market share and boost investment in the Southeast Asian nation, said Dr. Jean-Philippe Eglinger, the founder of the Viet Phap Strategies.

Latest News

Saigontex 2023 attracts over 1,300 domestic, foreign businesses

14:01 | 06/04/2023 Import-Export

More than 1,300 businesses from 21 countries and territories are participating in the Vietnam Textile & Garment Industry Expo (Saigontex) 2023, the leading exhibition of the industry in Southeast Asia, which opened in Ho Chi Minh City on April 5.

Mong Cai international border gate sees strong recovery

16:15 | 05/04/2023 Import-Export

The Mong Cai international border gate in the northern province of Quang Ninh has become vibrant as before the pandemic, showing a positive sign in the economic recovery of Mong Cai city in particular and Quang Ninh province in general.

Import and export turnover across Cao Bang prospers but still exists difficulties

10:25 | 05/04/2023 Import-Export

VCN – After China resumes trade, Cao Bang province's import and export activities see remarkable prosperity.

Cashew industry strives to "get on the shelves of world supermarkets"

10:24 | 05/04/2023 Import-Export

VCN - Although holding the number one position in the world in exporting cashew kernels for many years, the position of Vietnam's cashew industry in the world cashew value chain is very small because it mainly exports kernels with preliminary treatment.

More News

HCM City’s industrial production index down 0.9% in Q1

14:47 | 04/04/2023 Import-Export

Ho Chi Minh City’s Index of Industrial Production (IIP) in the first quarter of 2023 declined by 0.9% compared to the same period last year, the municipal Department of Industry and Trade reported at a press conference on April 3.

Fisheries exports estimated at 1.85 billion USD in Q1

14:45 | 04/04/2023 Import-Export

Fisheries export value was estimated at 1.85 billion USD in the first quarter (Q1) of this year, a fall of 27% compared to the same period last year due to lower consumption and import demand under the impacts of inflation and economic recession, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Quang Ninh aims to attract quality FDI inflows

14:43 | 04/04/2023 Import-Export

The northern coastal province of Quang Ninh has strengthened measures to attract quality foreign direct investment (FDI) inflows, especially from big names in the processing-manufacturing industry.

Exports face many difficulties

13:29 | 04/04/2023 Import-Export

VCN - In the first months of 2023, the absence of export orders plus the downward trend in commodity prices have slowed down trade activities.

Manufacturing enterprises increase their competitiveness thanks to digital transformation

13:28 | 04/04/2023 Import-Export

VCN - Overcoming difficulties in 2023 requires manufacturing enterprises to self-improve and innovate. Digital technology is one of the effective solutions to help manufacturing businesses grow and compete.

32nd Việt Nam Expo promises to boost business linkages

14:19 | 03/04/2023 Import-Export

The 32nd Việt Nam International Exhibition (Vietnam Expo) will take place in Hà Nội from April 5-8 with the participation of more than 500 domestic and foreign enterprieses, the event’s organisers have announced.

Prevention of price risks before news that Indonesia increases rice imports in reserve

09:52 | 03/04/2023 Import-Export

VCN - In response to demand signals from key markets such as Indonesia and the Philippines, the Import-Export Department (Ministry of Industry and Trade) suggested that rice exporters actively monitor the market situation and fully assess the opportunities as well as risks to build a trading plan.

Japanese investors highly appreciate Vietnamese property market

17:41 | 02/04/2023 Import-Export

Representatives from around 180 Japanese businesses and investors on April 1 attended a Tokyo workshop on Vietnamese real estate, during which many of them highly appreciated the potential of Vietnam’s property market.

Seafood enterprises propose to remove obstacles from exporting to the EU

10:34 | 02/04/2023 Import-Export

VCN - Seafood enterprises are facing inadequacies in applying for material certification (S/C) and food safety certificates (H/C), which affects the production and export of seafood to the EU.

Your care

The system has not recorded your reading habits.

Please Login/Register so that the system can provide articles according to your reading needs.

Latest Most read