The Vietnamese rare earth market is forecast to grow from US$220 million in 2025 to US$836.65 million by 2034, representing a compound annual growth rate (CAGR) of 16 percent, according to a report from Research and Markets.→view source.

Key details:

Industry structure: Split across upstream mining, midstream separation, and downstream high-value applications
Current bottleneck: Low production capacity due to outdated extraction and processing technologies
Government plans: ‘Overall Plan for Mineral Resources 2021-2030 (Vision 2050)’ targets advanced green mining system by 2045
Demand outlook: Global demand rising, driven by electric vehicles, wind power, electronics, and satellite applications
Market forecast: US$220 million (2025) to US$836.65 million (2034), CAGR 16.0 percent
Forecast: Vietnam could scale commercial production as technologies and legal frameworks improve

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