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Home / News / Viet Nam
Vietnam says no to natural ore and mineral export until 2035
Cam Anh 17:43, 2018/07/30
The decision is part of a US$400-million investment plan for mineral exploration and exploitation by 2025-2035 period.
Vietnamese Prime Minister Nguyen Xuan Phuc decided to stop the export of natural ores, gold and cooper minerals, in a bid to ensure the mining sector’s sustainability and efficiency as well as materials for domestic economy, local media reproted.
The PM also required the limitation of exploiting, using and processing those products in small scale, with out-of-date technologies, which can harm the national environment and natural resources. 
 
Illustrative photo
Illustrative photo
The sector should form businesses in big scale with advanced technologies to ensure the environment protection, said the decision.
On the other hand, related state agencies would study and learn worldwide experiences to start importing minerals of gold, copper, nickel and molybdenum after 2025.
Recently, Vietnam has seen the phenomenon that its export turnovers of ores and minerals surged strongly. A newly-issued report from General Customs showed that, from January to July 15, the country exported two million tons of ores worth US$101 million, 75% of which came to China (1.5 million tons).
The average price of Vietnam ores exported oversea stands at VND1.16 million (US$50.17)/ton while the these products were sold to China during the first six months of 2018 at merely VND613,000 (US$26.51)/ton.
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