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Vietnam has significant rare earth resources, valued at 3 trillion dollars!

rare earth mine in vietnam

These minerals, estimated to be worth 3 trillion dollars, present significant opportunities to boost the country's economic development. The extraction of these resources is primarily concentrated in the Northwest and Tay Nguyen regions.

As the world moves towards a greener energy future, it becomes essential to diversify sources of rare earth supply. With rapid technological advancements, a favorable investment climate, and its position as the third-largest global supplier of rare earths, Vietnam is emerging as an attractive destination for investors interested in this thriving sector.

According to the United States Geological Survey, global rare earth reserves have been estimated at around 120 million tons, with 20 million tons located in Vietnam.

Vietnam's rare earths are valued at approximately 3 trillion dollars, providing significant opportunities for the country's economic development.

Rare earth extraction activities are primarily concentrated in the Northwest and Tay Nguyen (Central Highlands) regions of Vietnam, where deposits of light rare earths are found. Many sites rich in rare earths have been identified in locations such as Nam Xe, Dong Pao (Lai Chau), Muong Hum (Lao Cai), and Yen Phu (Yen Bai), while some other deposits are scattered along the coast, from Quang Ninh to Vung Tau.

In 2022, Vietnam attracted 108 foreign direct investment (FDI) projects in the mining sector, amounting to a total of 4.9 billion dollars.

The Vietnamese mining industry stands out for its significant diversity, with rare earths becoming increasingly crucial. Furthermore, thanks to its advantageous geographical position, Vietnam enjoys access to key markets in the region such as China, Japan, and the Republic of Korea.

The government has recognized the mining industry as a development priority and has implemented measures to attract foreign investment, such as tax incentives and simplified procedures.

Companies interested in investing in the Vietnamese mining industry can leverage the country's strategic location in Southeast Asia, significant investments in infrastructure, and a skilled workforce available at a competitive cost.

Elio Strategy remains vigilant about the development of the mining industry in Vietnam and is committed to keeping you informed of the latest news in this ever-evolving sector.



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