Vietnam’s metal ore mining sector grew by a modest 0.2 percent in December 2024 compared to November 2024, according to Vietnam’s Industrial Production Index.
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.
The slight month-on-month growth in December reflects stabilisation in the mining output, but the year-on-year decline highlights the sector’s volatility. The impressive year-to-date growth indicates a recovery in earlier months, likely driven by demand from both domestic industries and export markets.
Metal ore mining plays a crucial role in Vietnam’s industrial and export economy, providing essential materials for manufacturing and construction. The industry’s performance remains influenced by global metal prices, domestic demand, and operational challenges in mining infrastructure.
The annual growth underscores the importance of metal ore mining, though maintaining stability will require addressing production inefficiencies and exploring new mining opportunities.
See also: Mining in Vietnam: Industry Overview