The country’s total coal export volume in the year''s first four months posted a seven times surge compared with the same period last year to reach 504,663 tonnes.
The Government allowed Viet Nam National Coal and Mineral Industries Holding and Dong Bac corporations to export more than two million tonnes of coal this year.
The Viet Nam Coal and Mineral Industries Group (Vinacomin) plans to
sell 39-41 million tonnes of coal while reducing the volume of coal in
stock in the latter months of this year.
The Ministry of Finance has cut the coal export tax from 13 per cent to
10 per cent in a move to help coal producers reduce their high
stockpiles. Under Circular 124/2013/TT-BTC, the tax cut takes effect
this week..
The Viet Nam National Coal and Mineral Industries Group (Vinacomin) is
expected to produce only 39 million tonnes of coal this year, a
significant of 4 million tonnes.