Pioneer newspaper reported that the volume of Vietnam's coal exported to China this year is estimated to drop by some one third because a port in Vietnam's biggest coal hub has been damaged by a recent storm.
The newspaper quoted Citigroup Inc a major American financial service reported that the volume is likely to decline by eight million tonne because three out of four cargo loading facilities at the Cam Pha port in northern Quang Ninh province, the coal hub have been heavily damaged.
According to Macquarie Group, a diversified international provider of banking, financial, advisory and investment services based in Australia, the volume can drop by up to 10 million tonnes to 12 million tonnes.
According to the country's General Statistics Office Vietnam supplied the world market with nearly 14.5 million tonnes of coal worth USD 811 million in January to July of 2008 down by 22.7% in volume but up by 38.4% in value against the same period last year.
Vietnam is lessening the export of such fossil fuel as crude oil and coal to ensure sufficient supplies for oil refineries and energy thirsty industries like electricity and cement.
The newspaper quoted Citigroup Inc a major American financial service reported that the volume is likely to decline by eight million tonne because three out of four cargo loading facilities at the Cam Pha port in northern Quang Ninh province, the coal hub have been heavily damaged.
According to Macquarie Group, a diversified international provider of banking, financial, advisory and investment services based in Australia, the volume can drop by up to 10 million tonnes to 12 million tonnes.
According to the country's General Statistics Office Vietnam supplied the world market with nearly 14.5 million tonnes of coal worth USD 811 million in January to July of 2008 down by 22.7% in volume but up by 38.4% in value against the same period last year.
Vietnam is lessening the export of such fossil fuel as crude oil and coal to ensure sufficient supplies for oil refineries and energy thirsty industries like electricity and cement.