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Tag: mining
The Mining category covers extraction, production, and trade of minerals and metals. It explores commodity pricing, foreign investment, regulatory frameworks, and sustainability initiatives, providing insights into market demand, resource management, and mining sector challenges.
Mining sector in Vietnam records just US$10K in January FDI
In January, Vietnam’s mining sector registered a total of US$10,000 in new foreign direct investment (FDI), according to data from Vietnam’s Ministry of Planning and Investment. This represents a decrease of US$1 million compared to December, which saw US$1 million in new registered capital.
Vietnam’s imports of ores and other mineral products fall 14.15 percent in January
Vietnam’s imports of ores and other mineral products decreased by 14.15 percent month-on-month in January, reaching US$200.89 million, according to Vietnam’s General Department of Customs. This follows a decline from US$234.00 million recorded in December.
Extractive industry in Vietnam continues to decline in January
Vietnam’s extractive industry output contracted by 32.9 percent in January compared to the 2019 baseline, according to Vietnam’s Industrial Production Index. The sector also saw a 28.4 percent decline from 2019 levels in December, indicating a continued downward trend.
Vietnam’s iron ore mining shows sharp decline in December 2024
Year-on-year, the sector experienced robust growth of 23.5 percent in December 2024 compared to December 2023. However, for the entire year of 2024, iron ore mining recorded an 11.2 percent decline compared to 2023, indicating significant challenges over the longer term.
Vietnam’s imports of ores and other mineral products rise by 5.87 percent in December
Australia remained the largest supplier, contributing US$88.85 million, though this marked a slight decrease of 1.66 percent month-on-month. Brazil followed with US$58.17 million, a marginal increase of 0.59 percent. Imports from China surged by 28.27 percent to US$10.73 million.
Vietnam’s natural gas extraction rises in December but struggles year-on-year
Year-on-year, the sector saw a significant decline of 12.5 percent in December 2024 compared to December 2023. For the entirety of 2024, natural gas production dropped by 15.4 percent compared to 2023, reflecting persistent challenges.
Vietnam’s precious stones, precious metals, and articles thereof exports decline by 23.94 percent in December
Vietnam’s exports of precious stones, precious metals, and articles thereof total US$634.46 million for 2024.
Vietnam’s mining sector sees no new foreign direct investment in December
In 2024, the sector attracted a total of 1 new project with US$3,830 in newly registered capital…
Vietnam’s Mining Industry: Overview 2025
Vietnam’s mining industry is a key sector, rich in resources such as coal, bauxite, and rare earths, contributing significantly to the economy. The government encourages foreign investment through joint ventures, focusing on modernising the sector while enforcing strict regulations to promote sustainability and environmental protection.
Vietnam’s imports of precious stones and metals rise by 2.93 percent in December
Hong Kong was a key supplier, with imports rising by 30.83 percent to US$15.38 million. Thailand and Switzerland showed significant growth, with increases of 86.49 percent and 169.42 percent, respectively. Imports from China also saw a notable rise of 25.30 percent.
Vietnam’s support services for oil and gas exploitation see strong December growth
Year-on-year, the sector recorded a significant growth of 25.5 percent in December 2024 compared to December 2023. For the full year of 2024, cumulative growth stood at 10.0 percent compared to 2023, highlighting the steady expansion of these essential services.
Vietnam’s ores and other minerals products exports rise by 90.76 percent in December
Vietnam’s ores and other minerals products exports total US$215.74 million for 2024.
Vietnam’s metal ore mining sees mixed output performance in 2024
Year-on-year, the sector saw a 4.4 percent decline in December 2024 compared to December 2023. However, for the full year of 2024, cumulative production rose by 14.4 percent compared to 2023, reflecting strong growth over the year despite monthly and annual fluctuations.
Vietnam coal and lignite mining sees sharp December decline
Year-on-year, the sector saw a 2.6 percent decline in December 2024 compared to December 2023. Over the full year, the mining of coal and lignite contracted by 5.5 percent in 2024 compared to 2023, indicating sustained challenges in the industry.
Vietnam’s crude oil output sees slight improvement in December
Year-on-year, crude oil production declined by 3.8 percent in December compared to December 2023. For the full year of 2024, the sector recorded a cumulative contraction of 6.1 percent compared to 2023, reflecting sustained challenges throughout the year.
Vietnam’s non-ferrous metal ore mining shows mixed performance in 2024
Year-on-year, the sector contracted by 6.2 percent in December 2024 compared to December 2023. However, for the full year of 2024, non-ferrous metal ore mining recorded a strong 17 percent increase compared to 2023, reflecting overall growth despite short-term challenges.
Vietnam’s quarrying of stone, sand, and gravel records steady December growth
Year-on-year, the sector grew by 2.0 percent in December 2024 compared to December 2023. For the full year of 2024, cumulative production rose by 2.9 percent compared to 2023, reflecting steady growth in this critical industry.
Vietnam’s extractive industry stabilises with slight December growth
Year-on-year, the industry saw a 3.7 percent decline in December 2024 compared to December 2023. Over the entirety of 2024, the extractive sector experienced a cumulative contraction of 6.5 percent compared to 2023, indicating a challenging year for the industry.
Vietnam’s exports of base metals and products increase in November
The United States remained the largest importer, purchasing US$66.03 million, a growth of 4.7 percent month-on-month. India followed with US$47.08 million, slightly decreasing by 1.89 percent.
Vietnam’s ores and minerals exports slump in November
Japan emerged as a standout market, importing US$3.02 million, a staggering increase of 5,840 percent compared to the previous month.