Against the backdrop of rapid expansion of global new energy vehicles, wind power and high-end manufacturing industries, rare earths, known as the “Vitamins of Industry”, keep growing in strategic importance, and the demand for diversified layout of global supply chains is increasingly urgent. Boasting world-leading rare earth reserves, superior geographical location and open foreign investment policies, Vietnam has emerged as a core emerging market favored by global capital in the rare earth sector.
We have integrated four special research reports on Vietnam’s rare earth industry, covering the full industrial chain and export landscape of three core product categories. We deliver systematic market insights to permanent magnet manufacturers, new energy enterprises, traders and investment institutions. Meanwhile, we provide one-stop intermediary services for on-site investigation of Vietnam’s mineral resources, connecting the whole chain from market research to local implementation and helping enterprises accurately seize opportunities in Vietnam’s rare earth track.
Vietnam Rare Earth Industry Research Report 2025-2034
Vietnam Rare Earth Metals Export Guide 2023-2026
Vietnam Rare Earth Oxide Export Guide 2023-2026
Vietnam Rare-earth Magnet Export Guide 2023-2026
I. Abundant Resource Endowment & Vast Industrial Growth Potential
Vietnam ranks among the countries with the greatest rare earth resource potential worldwide. Its proven rare earth reserves stand at approximately 3.5 million tons, the 6th largest globally and accounting for 3.9% of the world’s total reserves. The country’s largest rare earth mining area spans over 11 square kilometers with rare earth oxide reserves exceeding 5 million tons. Resources are mainly concentrated in northwestern provinces including Lao Cai, Lai Chau and Yen Bai, dominated by light rare earths with a certain proportion of medium and heavy rare earths, laying a solid resource foundation for the development of the complete industrial chain.
Vietnam’s rare earth industry is currently in the initial stage of resource exploitation and supply chain construction, with a clear value distribution across the industrial chain: upstream exploration and mining account for around 17% of total industrial value; midstream smelting, separation and purification take up 27% due to technical barriers and high energy consumption; downstream functional materials and end-use applications contribute more than 50% of the total value. Restricted by domestic mining, smelting and separation technologies, Vietnam’s current rare earth output fails to match its reserve scale. Nevertheless, driven by national strategic initiatives, industrial upgrading and capacity expansion have entered a fast track. CRI forecasts that the compound annual growth rate of Vietnam’s rare earth metal export volume will reach 16% from 2025 to 2034, and the market size will surpass USD 830 million by 2034.
II. Rapid Export Expansion of Three Core Product Categories with Clear Market Landscape
Vietnam’s rare earth exports are on a steep upward trajectory. The three core segments — rare earth metals, rare earth oxides and rare earth magnets — show differentiated growth trends with well-defined export destinations and market participants.
1. Rare Earth Metals: Leading Growth with Surging Export Volume
Vietnam Rare Earth Metals Export Guide 2023-2026
Rare earth metals represent the fastest-growing segment of Vietnam’s rare earth exports. The industry’s total export value hit USD 205 million in 2024, a year-on-year increase of 25.4%. The figure rose to USD 275 million in 2025, up 37% year-on-year. Exports in Q1 2026 jumped sharply by 110% year-on-year, reflecting robust growth momentum. Japan is Vietnam’s top export destination for rare earth metals, accounting for 50.1% of total export value in 2025.
2. Rare Earth Oxides: Rapid Capacity Release with Obvious Transit Trade Features
Vietnam Rare Earth Oxide Export Guide 2023-2026
Rare earth oxides are critical intermediate products in the rare earth industrial chain, and Vietnam is experiencing accelerated capacity expansion in this category. Exports stood at USD 64.61 million in 2024 and soared to USD 125 million in 2025, a dramatic year-on-year rise of 94%. Export destinations are highly concentrated, with Hong Kong of China, Japan and Singapore as the top three markets, accounting for 94.9%, 2.6% and 1.2% of total export value respectively in 2025, highlighting prominent transit trade characteristics.
3. Rare Earth Magnets: Diverse Exporters Focused on Mid-to-Low-End Products with Emerging High-End Development
Vietnam Rare-earth Magnet Export Guide 2023-2026
Rare earth magnets have the largest number of export participants in Vietnam. Around 36 suppliers recorded export shipments in 2024, generating an annual export value of USD 304 million, a 40% year-on-year increase. Exports reached USD 193 million in 2025. Current products are mainly mid-to-low value-added magnetic materials, while high-performance permanent magnets still rely on imports or foreign joint projects. Japan, the Philippines and Canada are the three largest export markets, making up 49.7%, 22.8% and 8.3% of total exports in 2025. With the launch of foreign-funded magnet projects, this segment boasts enormous growth potential in the future.
III. Improving Policy Framework: Prime Window for Foreign Investment Layout
The Vietnamese government has designated rare earths as strategic mineral resources, advancing industrial development through top-level planning and regulatory implementation, and creating a transparent policy environment and cooperation opportunities for foreign investors.
1. National Strategy & Legal Safeguards
- Top-level Planning: The General Planning for Exploration, Exploitation and Utilization of Mineral Resources 2021–2030 (Vision to 2050) clearly proposes establishing an advanced green circular mining system matching East Asian standards by 2045, with special arrangements covering the exploration, mining, deep processing and efficient utilization of rare earth resources.
- New Regulatory Rules: The revised Law on Geology and Mineral Resources, which officially took effect in 2025, establishes a systematic supervision framework covering exploration, mining, processing, environmental protection and exports, providing clear compliance guidelines for foreign enterprises engaging in mineral development.
2. Five Core Investment Advantages
- Stable political situation, sustained top-tier economic growth in Southeast Asia and consistent policy implementation;
- Relatively low labor costs suitable for mineral processing and manufacturing settlement;
- Outstanding geographical location with a 3,260-kilometer coastline and numerous ports ensuring smooth logistics;
- Favorable foreign investment policies with comprehensive legal protection and preferential tax incentives;
- High-level opening-up: 19 free trade agreements signed or under negotiation, enabling global market coverage via platforms including RCEP and China-ASEAN Free Trade Area.
3. Foreign Investment Access Rules
Foreign enterprises participating in Vietnam’s rare earth resource exploitation are required to set up legal entities locally and meet relevant requirements on technical capability, capital scale and professional staffing. As strategic minerals, rare earth exploitation rights must be approved by the government or acquired through mining right auctions.
IV. Our Full-Chain Services: From Market Insights to Local Implementation
1. Authoritative Research Report Portfolio
We provide four exclusive CRI research reports covering full industrial landscape and in-depth segmented data to solidify your investment decision-making:
- Vietnam Rare Earth Industry Research Report 2025-2034: A comprehensive overview of Vietnam’s rare earth resources, industrial chain, policy landscape, supply-demand balance and competitive landscape, with 10-year industry size forecasts and foreign investment recommendations.
- Three Specialized Export Guides (Rare Earth Metals / Rare Earth Oxides / Rare Earth Magnets): Independent volumes for each category, including historical export volume & price trends, major destination & buyer mapping, and complete profiles of the Top 10 exporters (company introductions, contact information, export statistics, attached with Excel datasets), perfectly matching procurement, trade and investment matching demands.
2. Intermediary Services for Vietnam Mineral Resource Site Visits & Equity Financing
For clients seeking local settlement and resource matching, we deliver one-stop intermediary services for on-site inspections to close the final gap between research, matchmaking and project launch:
- Customized Inspection Itineraries: Match core mining zones, state-owned/private mining enterprises, smelting & processing parks and downstream magnet projects based on client demands, and design efficient travel routes.
- Official & Industrial Resource Matching: Assist communication with Vietnam’s mineral authorities to interpret the latest mining right policies and approval procedures; connect local leading enterprises and facilitate business negotiations.
- Full-Spectrum Business Support: Provide professional interpretation, business accompaniment, legal & tax consulting to ensure efficient inspections and negotiations.
- Long-Term Cooperation Follow-Up: Offer continuous follow-up and supporting services for in-depth cooperation including technical partnerships, joint factory construction and supply chain setup to guarantee successful project landing.