In December 2024, Vietnam’s mining sector recorded no new projects but registered US$1.02 million in newly registered capital, according to data from Vietnam’s Ministry of Planning and Investment. This is consistent with November, which saw no new projects and no newly registered capital.
In 2024, the sector attracted a total of 1 new project with US$3,830 in newly registered capital.
Foreign direct investment (FDI) in Vietnam’s mining sector has been a notable contributor to the country’s economic development, given its abundant mineral resources. The sector focuses on the extraction of coal, bauxite, titanium, iron ore, and gold, among other minerals. Key investors in the mining industry include companies from China, Japan, South Korea, and Australia, leveraging Vietnam’s rich resource base and favourable investment policies. The mining sector also supports Vietnam’s domestic industries, such as steel production, construction, and energy generation.
Despite its potential, the sector faces challenges, including environmental concerns, outdated technology, and regulatory complexities. In recent years, the Vietnamese government has introduced stricter policies to ensure sustainable mining practices and to limit the environmental impact of extraction activities. FDI in the mining sector is increasingly directed toward modernisation efforts and the adoption of environmentally friendly technologies. As Vietnam prioritises sustainability and resource efficiency, FDI in the mining industry is expected to focus on value-added processing and long-term resource management.
See also: Mining in Vietnam: Industry Overview