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Coal sector eyes domestic market, lowers exports

Update: June, 14/2014 - 10:11

HA NOI (VNS)— Since the beginning of 2014, the Viet Nam 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 VND23.8 trillion ($1.1 billion) 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 per cent of its yearly plan. Vinacomin's coal consumption last year was about 39 million tonnes, almost the same as that of 2012. — VNS

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