Description
Vietnam Rare-earth Magnet Export Guide
Introduction
To help global new energy vehicle companies, traders, wind power equipment companies, and industrial robot manufacturers accurately grasp market opportunities in Vietnam, CRI releases the “Vietnam Rare Earth Magnets Export Guide 2023-2026.” The guide provides an overview of the Vietnamese rare earth magnets industry, export market and export company information for the period.
The types of exporting companies are diverse, including manufacturers of rare earth magnet materials, major rare earth groups, manufacturers of electric motors and magnetic components and traders. This guide features the top 10 exporting companies, including company profiles, contact information and key information such as export volume, value, price, export origin, and major suppliers for 2023-2026 (including Excel data source).
The publication of the “Vietnam Rare Earth Magnets Export Guide 2023-2026” aims provide global purchasers and traders with authoritative and systematic information on Vietnam rare earth magnets exports, helping them quickly find reliable supply channels in Vietnam and shorten the market research and matching cycle. It also provides valuable decision-making references for international trading companies and investment institutions.
Industry Overview
Vietnam’s rare earth magnet industry is currently still in the early stages of development within the global value chain. Its overall positioning is best characterized as a “potential resource and primary processing node” within the global rare earth supply chain, rather than as a mature manufacturing hub for high-performance magnetic materials.
Although Vietnam possesses relatively abundant reserves of rare earth resources, its manufacturing capabilities for high value-added magnets remain comparatively limited. The industrial system has not yet formed a complete and large-scale layout.
Currently, local enterprises possess limited capabilities in the separation of high-purity rare earths, metallization processing, and the manufacturing of high-performance magnetic materials. Its technological level still lags significantly behind that of mature magnetic materials industries in China and Japan.
Vietnam is currently focusing more on rare earth resource development, primary oxide processing, and the production of some low-end magnetic materials. High-performance permanent magnet materials, however, remain largely dependent on imports or collaborative projects involving foreign capital.
The development of Vietnam’s rare earth permanent magnet industry is primarily driven by the global expansion of the new energy sector. The continued growth in demand for high-performance magnets in fields such as new energy vehicle drive motors, wind power generation equipment, industrial robots, and consumer electronics has led the global market to place greater emphasis on the security and diversification of the rare earth supply chain.
With the continued growth of international capital, technological cooperation, and demand for new energy, Vietnam may gradually increase its participation in the rare earth permanent magnet industry chain.
Export Market Overview
Vietnam has huge potential for rare earth magnet exports.
According to CRI analysis, Vietnam’s export market for rare earth permanent magnets is currently in an early stage of development. While the market remains relatively small in scale, it attracts significant strategic attention. At present, Vietnam’s exports of rare earth permanent magnets are primarily concentrated in low-to-medium value-added products .Some foreign-invested or joint-venture projects in Vietnam have begun to set up small-scale high-performance magnetic material production lines.
According to CRI statistics, approximately 36 suppliers in Vietnam exported rare earth magnets in 2024, totaling US$ 304 million, an increase of 40.0% year-on-year. In 2025, the value of Vietnam’s rare earth magnets exports reached US$ 193 million.
Japan, Philippines and Canada are Vietnam’s top three export destinations for rare earth Magnets.
According to CRI analysis, Japan, Philippines and Canada are Vietnam’s top three export destinations for rare earth magnets, accounting for approximately 49.7%, 22.8%, and 8.3% of total exports respectively in 2025.
CRI predicts that In the future, as mining development, separation and smelting capabilities and the downstream magnetic materials industry gradually mature, Vietnam is poised to emerge as one of Asia’s comprehensive rare earth supply bases. Vietnam’s strategic standing in the global rare earth Magnets market is also expected to strengthen.
Overview of Foreign Investment in Vietnam’s Rare Earth Magnets Industry
Investment Background
Vietnam has long been regarded as one of the world’s key potential sources of rare earth resources, possessing particular advantages in terms of reserves of light rare earth elements.
In recent years, enterprises from the United States, Japan, South Korea, and Europe have increasingly focused their attention on rare earth projects in Vietnam, seeking to establish a more diversified rare earth supply chain through resource cooperation, mine development, and investment in processing facilities.
At the same time, the Vietnamese government is gradually incorporating the rare earth industry into the national strategic resource management system and encouraging the introduction of foreign investors with capital, technology and supply chain integration capabilities.
Investment Advantages
1. Political stability and rapid economic development. The Vietnamese government has strong governing capabilities, consistent policies, and a focus on economic development and improving people’s livelihoods.
2. Relatively low labor costs.
3. Strategically located in the eastern part of the Indochina Peninsula, with a 3,260-kilometer coastline and numerous ports, transportation is convenient.
4. Relatively relaxed policies and regulations provide foreign investors with comprehensive legal protections and generous preferential policies.
5. Vietnam has a high level of openness to the outside world, with 19 free trade agreements signed or in progress. Investors can use platforms such as RCEP and the China-ASEAN Free Trade Area to explore a broader international market.
Investment Regulations
The new Law on Geology and Mineral Resources, effective from 2025, establishes a more systematic regulatory framework for mineral exploration, mining, processing, environmental protection, and export. According to the law, foreign investors who want to engage in mineral resource development in Vietnam need to establish a legal entity in Vietnam and meet requirements in terms of technical capabilities, financial strength, and professional personnel. Strategic minerals such as rare earths usually require government approval or participation in mining rights auctions to obtain development rights.
Guide Highlights:
Comprehensive Coverage:
This directory includes major exporters in Vietnam, including manufacturers of rare earth permanent magnet materials, major rare earth groups, manufacturers of electric motors and magnetic components and traders.
Detailed Information:
Including basic information of the TOP10 exporters, such as: contact information, export quantity, export value, price, export destinations and main buyers.
Product Focus:
With data-driven and market-oriented approach, we focus on key industries and conduct in-depth analysis of Vietnam’s export policies, market supply and major destinations of exports. Whether you are a foreign trade company, an investment institution or a practitioner upstream or downstream of the industrial chain, you can quickly find reliable information and practical strategies here.
Efficient Connectivity:
The guide has a clear format and includes Excel data, which facilitates quick screening, group management and batch contact, helping global buyers to efficiently connect with the Vietnamese market.
Market Value:
The guide includes an overview of Vietnam’s rare earth magnets industry, an overview of the export market, and a brief analysis of market supply trends, helping global buyers seize the Vietnamese market and opportunities.
Table of Contents
1 Industry Overview
1.1 Industry Definition and Classification
1.2 Current Status of the Vietnamese Rare Earth Magnets Industry
1.2.1 Supply Situation of the Vietnamese Rare Earth Magnets Industry
1.2.2 Downstream Market Demand Situation of the Vietnamese Rare Earth Magnets Industry
1.3 Overview of Foreign Investment in the Vietnamese Rare Earth Magnets Industry
2 Export Market Overview
2.1 Export Scale of Rare Earth Magnets in Vietnam
2.2 Major Export Destinations of Rare Earth Magnets in Vietnam
3 Overview of Exporters (2023-2026)
3.1 Exporters Overview of Rare Earth Magnets in Vietnam (2023)
3.1.1 Total Scale of Exporters
3.1.2 Top 5 Exporters
3.2 Exporters Overview of Rare Earth Magnets in Vietnam (2024)
3.2.1 Total Scale of Exporters
3.2.2 Top 5 Exporters
3.3 Exporters Overview of Rare Earth Magnets in Vietnam (2025)
3.3.1 Total Scale of Exporters
3.3.2 Top 5 Exporters
3.4 Exporters Overview of Rare Earth Magnets in Vietnam (2026)
3.4.1 Total Scale of Exporters
3.4.2 Top 5 Exporters
4 List of the Top 10 Exporters in 2026
4.1 Company 1
4.1.1 Introduction to Company 1
4.1.2 Export Status of Company 1, 2023-2026
4.2 Company 2
4.2.1 Introduction to Company 2
4.2.2 Export Status of Company 2, 2023-2026
4.3 Company 3
4.3.1 Introduction to Company 3
4.3.2 Export Status of Company 3, 2023-2026
4.4 Company 4
4.4.1 Introduction to Company 4
4.4.2 Export Status of Company 4, 2023-2026
4.5 Company 5
4.5.1 Introduction to Company 5
4.5.2 Export Status of Company 5, 2023-2026
4.6 Company 6
4.6.1 Introduction to Company 6
4.6.2 Export Status of Company 6, 2023-2026
4.7 Company 7
4.7.1 Introduction to Company 7
4.7.2 Export Status of Company 7, 2023-2026
4.8 Company 8
4.8.1 Introduction to Company 8
4.8.2 Export Status of Company 8, 2023-2026
4.9 Company 9
4.9.1 Introduction to Company 9
4.9.2 Export Status of Company 9, 2023-2026
4.10 Company 10
4.10.1 Introduction to Company 10
4.10.2 Export Status of Company 10, 2023-2026
5 Suggestions of Investment and Cooperation
5.1 Investment Suggestions
5.2 Cooperation Suggestions
List of Chart
Chart 2023-2026 Rare Earth Magnets Export Market Size in Vietnam
Chart 2023-2026 Major Export Destinations of Vietnam’s Rare Earth Magnets
Chart 2023 Rare Earth Magnets Export Companies and Total Export Value
Chart 2024 Rare Earth Magnets Export Companies and Total Export Value
Chart 2025 Rare Earth Magnets Export Companies and Total Export Value
Chart 2026 Rare Earth Magnets Export Companies and Total Export Value
Chart List of the Top 10 Export Companies in 2026
Chart Company 1 Profile
Chart Export Scale of Company 1, 2023-2026
Chart Major Export Destinations of Company 1, 2023-2026
Chart Major Buyers of Company 1, 2023-2026
Chart Company 2 Profile
Chart Export Scale of Company 2, 2023-2026
Chart Major Export Destinations of Company 2, 2023-2026
Chart Major Buyers of Company 2, 2023-2026
Chart Company 3 Profile
Chart Export Scale of Company 3, 2023-2026
Chart Major Export Destinations of Company 3, 2023-2026
Chart Major Buyers of Company 3, 2023-2026
Chart Company 4 Profile
Chart Export Scale of Company 4, 2023-2026
Chart Main Export Destinations of Company 4, 2023-2026
Chart Main Buyers of Company 4, 2023-2026
Chart Company 5 Profile
Chart Export Scale of Company 5, 2023-2026
Chart Main Export Destinations of Company 5, 2023-2026
Chart Main Buyers of Company 5, 2023-2026
Chart Company 6 Profile
Chart Export Scale of Company 6, 2023-2026
Chart Main Export Destinations of Company 6, 2023-2026
Chart Main Buyers of Company 6, 2023-2026
Chart Company 7 Profile
Chart Export Scale of Company 7, 2023-2026
Chart Main Export Destinations of Company 7, 2023-2026
Chart Main Buyers of Company 7, 2023-2026
Chart Company 8 Profile
Chart Export Scale of Company 8, 2023-2026
Chart Major Export Destinations of Company 8, 2023-2026
Chart Major Buyers of Company 8, 2023-2026
Chart Company 9 Profile
Chart Export Scale of Company 9, 2023-2026
Chart Major Export Destinations of Company 9, 2023-2026
Chart Major Buyers of Company 9, 2023-2026
Chart Company 10 Profile
Chart Export Scale of Company 10, 2023-2026
Chart Major Export Destinations of Company 10, 2023-2026
Chart Major Buyers of Company 10, 2023-2026
Reviews
There are no reviews yet.