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Annual Report 2010 - Verein der Kohlenimporteure eV

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According to information from Vinacom, port capacities<br />

amount to about 34 Mtpa:<br />

Export and Port Capacities in Vietnam<br />

Port Mt<br />

Cam Pha/Cua Ong 15.0<br />

New ports in Cam Pha 10.0<br />

Hon Gai/Nam Cau Trang 3.0<br />

Hon Gai/Dien Väng 1.5<br />

Hon Gai/Troi 1.5<br />

Uong Bi/dien Cong 3.0<br />

Total<br />

LBT33<br />

34.0<br />

Exports<br />

In <strong>2010</strong>, seaborne exports dropped again by almost<br />

<br />

further decrease to 16.5 Mt is expected since domestic<br />

consumption is expected to increase by about 4.2<br />

<br />

In addition to China, Japan, Thailand and South Korea<br />

bought smaller quantities. Vietnamese anthracite coal is<br />

also partly used as PCI coal and sales improved because<br />

of the continued recovery of the steel industry.<br />

A high proportion of Vietnamese anthracite steam coal<br />

exports are of low calorific and only profitable because<br />

of the short sea routes to China. This coal would not<br />

be commercially competitive on the international steam<br />

coal market. Nevertheless, it covers demand which<br />

otherwise might have to be satisfied by purchases on<br />

the world market and thus alleviates pressure on this<br />

market. A small part of the exports also goes overland<br />

to China.<br />

Key Figures Vietnam<br />

2008<br />

Mt<br />

2009<br />

Mt<br />

<strong>2010</strong><br />

Mt<br />

Output 40.0 43.0 50.0 1)<br />

Exports<br />

19.4 25.1 20.8<br />

thereof to China<br />

16.9 24.1 18.0<br />

Export Rate in % 48.5 58 42<br />

1) <br />

LB-T34<br />

<br />

In <strong>2010</strong>, China drove the global economy with its<br />

continued growth, albeit slightly slower than in recent<br />

years. GDP increased again by around 10%. The<br />

growth was supported by a massive economic stimulus<br />

programme, which focused on infrastructure expansion.<br />

This, together with further urbanisation in China,<br />

drove demand for steel, cement and electricity. China<br />

generated 80% of its electricity from coal. Demand for<br />

coal increased accordingly.<br />

Electric Power / Crude Steel / Pig Iron /<br />

Coal Production<br />

2008 2009 <strong>2010</strong><br />

Power Generation TWh 3,405 3,664 4,207<br />

Crude Steel Production Mt 502 568 627<br />

Pig Iron Production Mt 471 544 590<br />

Coal Production<br />

LB-T35<br />

Mt 2,716 2,910 3,410<br />

The Chinese economy continues to grow strongly, with<br />

standard of living and levels of education also increasing.<br />

There are nevertheless tensions, given the huge divide<br />

between rich and poor. There have been protests against<br />

the high rate of inflation, against low wages and against<br />

bad working conditions.<br />

China was however able to distance itself from the<br />

ongoing effects of the global economic crisis by<br />

stimulating domestic demand.<br />

81

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