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Report: Vietnam to ramp up coal production to 256 million tons in 2030

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Report: Vietnam to ramp up coal production to 256 million tons in 2030

Vietnam shipped about 1.7 million tons of coal in the first eight months of 2018, with cargoes going mainly to Japan, South Korea and India, Xinhua News Agency reported Sept. 10, citing a statement released by Vietnam's Ministry of Industry and Trade.

The country is aiming to produce more than 41.5 million tons of coal in 2018, up 9.2% from 2017's production, the report said, citing Vietnam National Coal - Mineral Industries Holding Corp. Ltd. Production is expected to increase to 86.4 million tons of coal in 2020 and 256 million tons in 2030, the report said.

Vietnam exported about 2.3 million tons of coal in 2017, up 84.7% from 2016, with large amounts shipped to Japan, Malaysia, South Korea, Thailand and Indonesia, the report said.