resources
The Resources category covers natural resource management, extraction, and trade. It explores commodity pricing, environmental policies, investment in resource industries, and supply chain developments, providing insights into economic impact, sustainability, and foreign investment.
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 gasoline and oil production estimated to reach 17.13 million tons in 2024
In November 2024, the country produced 1.30 million tons of gasoline and oil, maintaining a steady output despite slight fluctuations in December.
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 crude oil extraction estimated to reach 8.1 million tons in 2024
In November 2024, the country produced 652,800 tons of crude oil, which is a strong showing despite a slight dip in December.
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 gaseous natural gas production estimated to reach 6.32 billion cubic meters in 2024
In November 2024, the country produced 496.6 million cubic meters of gaseous natural gas, reflecting solid output despite a slight decline in December.
Vietnam’s coal imports surge by 44.09 percent in December
Australia became the standout supplier in December, with imports surging by 81.49 percent to US$218.97 million. Indonesia remained the largest supplier overall, exporting US$244.16 million worth of coal, a 12.67 percent rise from the previous month. Imports from Russia also saw an extraordinary increase of 315.72 percent, reaching US$66.51 million.
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’s liquefied petroleum gas (LPG) production estimated to reach 764,200 tons in 2024
In November 2024, the country produced 70,600 tons of LPG, which shows a solid output despite a slight decline in December.
Vietnam’s aluminum production estimated to reach 1.52 million tons in 2024
In November 2024, the country produced 125,800 tons of aluminum, showing consistent output despite a slight increase in December.
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 refined petroleum production sees annual growth despite challenges
Year-on-year, the sector declined by 5.7 percent in December compared to December 2023. However, cumulative production for the full year of 2024 grew by 12.9 percent compared to 2023, highlighting strong overall annual growth despite monthly fluctuations.
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 coal exports drop by 28.3 percent in November
South Africa dominated as the primary market, importing US$7.23 million of Vietnamese coal. The Netherlands recorded US$3.01 million in imports, although this was a steep 50.36 percent drop from October.
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.
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