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 crude oil exports surge 27.4 percent in November
Thailand remained the leading importer, receiving US$47.24 million in November, a slight increase of 0.31 percent from the previous month, and contributing to a year-to-date total of US$669.20 million.
Vietnam’s exports of precious stones and articles show strong growth in November
The United States retained its position as the largest market, importing US$21.97 million, a slight 0.16 percent rise from October. South Korea displayed the most significant growth, increasing its imports by 50.56 percent to US$5.82 million.
Vietnam sees no new mining sector FDI in November
Year-to-date (YTD), the mining sector has attracted a total of 1 new project with US$2.8 million in newly registered capital, indicating limited investment activity for the year.
Vietnam’s imports of other base metals rise by 1.8 percent in November
Year-to-date imports totalled US$8.65 billion. China led the imports with US$252.78 million, an increase of 10.55 percent month-on-month. Significant growth was also observed in imports from the Philippines, which surged by 94.59 percent.
Vietnam’s natural gas extraction index shows steep year-on-year decline
Year-on-year, the natural gas extraction index recorded a sharp decline of 23.35 percent in November 2024 compared to the same period in 2023…
Vietnam’s extractive industry sees modest November monthly growth but YoY decline
Year-on-year, however, the extractive sector showed a significant decline of 9.85 percent in November 2024 compared to the same month in 2023. For the first 11 months of 2024, the IPI decreased by 7.31 percent compared to the same period the previous year, highlighting ongoing challenges faced by the industry.
Vietnam’s coal imports jump 4.64 percent in October
Indonesia remained the largest supplier, contributing US$206.47 million, marking a 36.98 percent increase month-on-month. Australia followed with US$174.98 million, showing growth of 32 percent…
Vietnam’s precious stone and metal exports grow in October, but year-to-date figures decline
However, year-to-date performance remains weak. From January to October, exports in this category totalled US$523.14 million, marking a significant 38.3 percent decline compared to the same period in 2023.
Vietnam’s base metals and metal product exports grow in October, YTD steady
Year-to-date figures also reflect stable growth. From January to October, exports in this category totalled US$3.47 billion, a 3.6 percent increase compared to the same period in 2023.
Vietnam’s ore and mineral exports surge in October, but year-to-date volume declines
However, year-to-date performance presents a mixed picture. From January to October, exports totalled 1.71 million tonnes, marking a 28.8 percent decline in volume compared to the same period in 2023. Despite this, export value rose by 11.1 percent, reaching US$174.41 million, likely reflecting higher unit prices.
Vietnam’s crude oil exports plummet in October, year-to-date figures remain stagnant
Vietnam’s crude oil exports faced a sharp decline in October 2024, with export volumes dropping to 118,275 tonnes and a value of US$73.29 million. This represents a significant 58.6 percent decrease in volume and a 61.4 percent fall in value compared to September, which recorded 285,624 tonnes valued at US$189.70 million, according to Vietnam’s General Department of Customs
What’s left in the State Bank of Vietnam’s gold reserves?
The State Bank has said it will continue to sell gold bars from its gold reserves in order to ‘stabilise’ the gold market. Between June 3 to October 29, the central bank sold 305,600 taels of gold or about 11.46 tons of gold into the market from its reserves. At today’s gold price, US$84,880.7 a kilogram, those 11.46 tons would be worth US$972.7 million…
Vietnam’s coal exports decline in October, year-to-date figures remain under pressure
The decline in value both for October and year-to-date underscores challenges in the coal sector, including fluctuating global prices and demand shifts toward cleaner energy sources. While volume stability offers some optimism, addressing value declines will be critical for sustaining the sector’s contribution to Vietnam’s exports if that is indeed something Vietnam wants to continue…
Vietnam mining sector sees minimal FDI activity with no new projects in October
While the sector plays a role in Vietnam’s resource extraction, it has seen lower FDI interest compared to more dynamic sectors. Future growth will likely depend on policy reforms and sustainability initiatives to attract responsible and long-term investment in mining…
Vietnam coal imports see big fall in September
Of note, Indonesia and Australia were the primary coal suppliers. Imports from Indonesia rose 21.79 percent in volume to 1,843,809 tons, with a value increase of 12.22 percent to US$150.73 million. However, imports from Australia sharply declined by 48.78 percent to 968,088 tons in September, with a value drop of 52.47 percent.
Vietnam’s coal mining output falls by double-digits year-on-year in September
Of note, for the period from January to September 2024, production in the coal mining sector was down by 4.2 percent from the same period last year. It’s not clear what is driving this decline, however, it is inline with a contraction in production in Vietnam’s mining industry more broadly.
Unofficial online gold markets emerge in Vietnam on back of official-supply issues
The Vietnamese gold price has been out of sync with the world gold price for some time now, at points up to 20 percent higher. This led to the State Bank selling gold from its reserves at a fixed price to try and bring the price down. However, it looks a lot like it is only releasing a limited supply that is insufficient to meet demand, ergo consumers are turning to other sales channels…
Vietnam gold ring prices reach all-time highs despite C.bank intervention
The gold price in Vietnam is more often than not much higher than it is in the rest of the world. In fact, in 2023, at its peak, the price of a gold bar in Vietnam was around 20 percent higher owing to a number of factors including huge demand and limited supply, the latter due to regulations that restrict gold imports and exports and gold bar production.
Vietnam coal imports shrink August over July
Vietnam’s coal imports in terms of volume fell by 23.7 percent, and in value by 18.3 percent in August over July, according to Vietnam’s General Department of Customs. Coal imports for the year, however, are still up by 32.7 percent in terms of value and 16 percent in terms of
Can Vietnam Ever Quit Coal?
At the Conference of Parties in Glasgow in 2021, Vietnam committed to reducing its carbon emissions to net-zero by 2050 a big part of which was reducing the burgeoning Southeast Asian nation’s dependence on coal. Three years on, however, and Vietnam’s de-coalification appears to have stalled with coal power and coal imports both on the rise. So what’s changed? Why has it changed? And what might happen next?
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