Vietnam rare earths - 'treasure' waiting to be tapped
Vietnam owns huge reserves of rare earths, which need to be utilized immediately to promote the development of the country's economy, said Assoc. Prof. Dr. Le Ba Thuan, former director of the Institute for Technology of Radioactive and Rare Elements.
Rare earths are minerals consisting of 17 elements with special magnetic and electrochemical properties. Rare earth elements are valuable, strategic minerals that play an important role in fields ranging from electronics, atomic engineering, machine manufacturing, chemical industry, to metallurgy and even livestock and crop farming.
According to the U.S. Geological Survey, rare earth reserves in Vietnam reach about 22 million tons, ranking second in the world behind China.

Vietnam plans to exploit more than 2 million tons of rare earths each year. Photo courtesy of Saigon Times newspaper.
The Vietnamese Ministry of Natural Resources and Environment (MoNRE) said that rare earth elements in Vietnam are mainly distributed in the northwest region, which is home to alkaline and sub-alkaline magmatic rocks rich in rare earth elements. This is a favorable condition for the formation of rare earth mines.
Original rare earth mines are concentrated in Lai Chau, Lao Cai and Yen Bai provinces. Among them, Dong Pao mine in Ban Hon commune, Tam Duong district, Lai Chau province has the largest reserves in the country, which can be exploited on an industrial scale.
In Lai Chau province, there are four rare earth mines and sites, including Dong Pao; Bac Nam Xe, Nam Nam Xe and Then Thau in Nam Xe and Ban Lang communes, Phong Tho district.
Yen Bai has a rare earth mine in Yen Phu commune, Van Yen district but the reserves are smaller than Dong Pao. Besides, there is also an ion-adsorbed rare earth mine in Gia Phu commune, Bao Thang district, Lao Cai province, along with many others found in Yen Bai, Ha Giang, Cao Bang and Lang Son in the north; Nghe An in the central region; and Kon Tum and Lam Dong in the Central Highlands.
MoNRE said that despite its great potential, rare earth exploitation in Vietnam remains very limited. With current technology, Vietnam can only export raw rare earths, but not separate their elements or process them for refinement.
According to Thuan, the number of businesses operating in the rare earth field has increased sharply. However, rare earth exploitation and processing have not yet been developed. At present, only one enterprise is operating a rare earth refinery, while others are in the preparation process.
Thai Duong Rare Earth JSC, the owner of Yen Phu rare earth mine in Yen Bai province, is refining rare earths from Yen Phu mine with a capacity of 12,000 tons of concentrate per year and is preparing to invest in a rare earth concentrate hydrocrystalline plant in Yen Phu.
Vietnam Rare Earth JSC is operating a light rare earth refining plant and implementing a project to expand a facility refining heavy rare earths from Yen Phu mine with the support of the Ministry of Science and Technology in coordination with the Institute for Technology of Radioactive and Rare Elements.
Meanwhile, Lai Chau Rare Earth JSC (the owner of Dong Pao rare earth mine), Tay Bac Rare Earth JSC (the owner of Nam Xe rare earth mine) and a number of other businesses are all preparing to build factories.
"Businesses say they are facing difficulties with the processing technology but are yet to take any action to acquire that technology,” Thuan noted.
“Our institute has been researching technology and everything related to rare earths for many years, but few businesses have asked to cooperate with us even though they say that they are in dire need of technology,” he said.
According to Thuan, there is no specific calculation on the value of Vietnam's rare earth reserves. In the past, they have been valued at about $3 trillion.
However, the real value of rare earths must include the cost of mining and processing, which could lead to the development of high-tech industry and attract foreign high technology.
"Some people think that rare earths must be left for future generations, but I think they need to be tapped immediately to promote the country’s economic development," he stressed.
Thuan noted that rare earth mining is not simple because it requires advanced technology, ensuring environmental safety from radiation and chemicals. Certainly, individuals cannot guarantee environmental safety. Therefore, authorities need to take strict management measures.
"Vietnam's rare earths have a huge value but have not been effectively utilized. Therefore, specific policies are needed to control, monitor and exploit rare earths appropriately. In particular, attention should be paid to exploitation technology to keep the environment safe from radiation and ensure a sustainable and long-term exploitation process," he said.
- Read More
Vinhomes to start construction on $155 mln industrial park project in northern Vietnam in early 2026
Vinhomes, the real estate arm of Vietnam’s conglomerate Vingroup (HoSE: VIC), is expected to commence construction of an industrial park in Hai Phong in the first quarter of 2026.
Industrial real estate - Wed, July 23, 2025 | 10:19 am GMT+7
Vingroup’s real estate arm VEF posts 8,372% net profit growth in H1 on strong sales
Vietnam Exhibition Fair Center JSC, a real estate subsidiary of conglomerate Vingroup (HoSE: VIC), reported a net profit of VND15.25 trillion ($583.3 million) in the first half of 2025, up 8,372% year-on-year on the sales of key real estate projects.
Real Estate - Wed, July 23, 2025 | 8:08 am GMT+7
China's Guangxi proposes cooperation in aluminium mining, processing with Vietnam's Cao Bang province
Guangxi, one of China’s largest aluminium industry hubs, is seeking to establish cooperation with Vietnam’s Cao Bang province in aluminium mining and processing.
Companies - Tue, July 22, 2025 | 10:17 pm GMT+7
Malaysia maintains stance in tariff negotiations with US: Prime Minister
Malaysian Prime Minister Datuk Seri Anwar Ibrahim has reaffirmed Malaysia's stance on factors that may affect the country's policies, especially regarding tariff negotiations with the US.
Southeast Asia - Tue, July 22, 2025 | 10:11 pm GMT+7
Northern Vietnam province Bac Ninh pledges optimal support for Samsung Vietnam expansion
Bac Ninh is committed to facilitating the operation of Samsung Vietnam in the locality, said Chairman of the provincial People’s Committee Vuong Quoc Tuan.
Companies - Tue, July 22, 2025 | 10:04 pm GMT+7
NS BlueScope Vietnam publishes Environmental Product Declarations
NS BlueScope Vietnam has officially announced its Environmental Product Declarations (EPDs) to transparently disclose detailed information on the environmental impacts of its products.
Companies - Tue, July 22, 2025 | 8:07 pm GMT+7
Public corporate bond offerings expected to rebound rapidly in H2
As Vietnam’s financial markets continue a deeper phase of adjustment following a turbulent period, capital-raising channels are showing increasingly clear signs of divergence.
Companies - Tue, July 22, 2025 | 7:57 pm GMT+7
Vietnam’s benchmark VN-Index surpasses 1,500 points, highest in a month
Strong cash inflows from domestic investors in the final minutes of trading propelled the VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), to its highest level in a month on Tuesday, topping 1,500 points.
Finance - Tue, July 22, 2025 | 4:52 pm GMT+7
Vietnam's top instant coffee producer Vinacafé Bien Hoa earns nearly $52,800 in daily profit
Vinacafé Bien Hoa, Vietnam's leading instant coffee maker, posted an after-tax profit of over VND249 billion ($9.52 million) in the first half of 2025, or nearly VND1.38 billion ($52,785) per day.
Companies - Tue, July 22, 2025 | 3:49 pm GMT+7
Former Netflix HR leader joins Vietnam-based consultancy Newing as strategic advisor
Ho Chi Minh City-based Newing, a consulting firm specializing in leadership development and organizational transformation, is expanding its global network of experts to support Vietnamese enterprises, with Shweta Shukla, former Netflix HR executive, appointed as strategic advisor.
Companies - Tue, July 22, 2025 | 2:37 pm GMT+7
Malaysia’s EV adoption rate projected to reach 9.6% by year-end
The adoption rate of electric vehicles (EVs) in Malaysia may reach 9.6% by the end of this year, supported by the introduction of new models and growing consumer interest, according to Malaysian Automotive Association (MAA) president Mohd Shamsor Mohd Zain.
Southeast Asia - Tue, July 22, 2025 | 1:41 pm GMT+7
Malaysia strengthens position in global hydrogen ecosystem
Malaysia’s first solid-state hydrogen reactor, the HyPEReactor, has been launched at the Orang Asli Settlement of Pos Tibang.
Southeast Asia - Tue, July 22, 2025 | 1:39 pm GMT+7
Vietnam's SHB bank okayed to expand charter capital to $1.76 bln
Saigon-Hanoi Bank (SHB) has received approval from Vietnam's central bank to raise its charter capital to VND45.942 trillion ($1.76 billion) after issuing a 13% share dividend, maintaining its position among the Top 5 largest private banks in Vietnam.
Banking - Tue, July 22, 2025 | 12:45 pm GMT+7
Update of typhoon Wipha in Vietnam: Storm No.3 weakens into tropical depression
At around 7:30 p.m today (Tuesday), after nine hours of making landfall in Vietnam's Hung Yen-Thanh Hoa area, tyhooon Wipha weakened into a tropical depression.
Society - Tue, July 22, 2025 | 10:18 am GMT+7
Vietnam’s BCG Energy aims for green energy comeback
BCG Energy JSC (UPCoM: BGE), a subsidiary of Vietnam's multi-sector corporation Bamboo Capital, plans to hold its 2025 AGM on August 14, staying ready for a comeback to the green energy race.
Companies - Tue, July 22, 2025 | 9:54 am GMT+7
Vietnam’s benchmark VN-Index expected to surpass historical highs after correction: expert
The VN-Index, representing the Ho Chi Minh Stock Exchange (HoSE), will establish a new base and potentially break through its historical peaks after a correction phase, said Tran Hoang Son, director of market strategy at VPBank Securities (VPBankS).
Finance - Tue, July 22, 2025 | 9:07 am GMT+7