| Product Code: ETC343830 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Vietnam Rare Earth Metals Market is projected to witness mixed growth rate patterns during 2025 to 2029. Although the growth rate starts strong at 17.51% in 2025, it steadily loses momentum, ending at 14.69% by 2029.

By 2027, Vietnam's Rare Earth Metals market is forecasted to achieve a high growth rate of 12.47%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.

The Vietnam rare earth metals market is experiencing gradual growth due to the rising importance of these metals in high-tech and green technology industries. Rare earth metals are essential components in electronics, renewable energy, and electric vehicle technologies. Government initiatives to promote green technologies and reduce reliance on imports are boosting the production and utilization of rare earth metals domestically.
The Vietnam rare earth metals market is on an upward trajectory owing to the global shift towards renewable energy sources and the electrification of transportation. Rare earth metals are essential components in the production of magnets used in electric vehicles and wind turbines. As Vietnam seeks to reduce its carbon footprint and promote clean energy solutions, there is a growing demand for rare earth metals. Furthermore, these metals find applications in electronics, defense technologies, and healthcare equipment, further diversifying their use. The government`s initiatives to attract investments in rare earth mining and processing are expected to boost the market`s growth in Vietnam.
The Vietnam rare earth metals market is affected by global supply chain dynamics. Dependence on imports for some rare earth elements can lead to price volatility and supply disruptions. Market players must navigate export regulations and ensure sustainable extraction practices while meeting stringent quality standards.
The Vietnam rare earth metals market, which plays a crucial role in electronics and green technologies, faced both challenges and opportunities during the pandemic. The disruption in global supply chains and trade tensions impacted the availability of rare earth metals. However, as governments and industries worldwide prioritized renewable energy and electric vehicle production, there was increased demand for rare earth metals used in these technologies. This led to a potential shift in market dynamics and a focus on domestic production and resource development.
The Vietnam rare earth metals market is a strategically important sector, given the growing global demand for these critical materials. Leading players in this field include Vietnam Rare Earth JSC, which focuses on rare earth mining and processing. Their efforts to ensure a secure supply of rare earth metals have positioned them as key contributors to Vietnam technological and industrial advancement. Additionally, companies like Lao Cai Rare Earths have played a significant role in exploration and extraction activities, contributing to the nation`s resource base.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam Rare Earth Metals Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Rare Earth Metals Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Rare Earth Metals Market - Industry Life Cycle |
3.4 Vietnam Rare Earth Metals Market - Porter's Five Forces |
3.5 Vietnam Rare Earth Metals Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Vietnam Rare Earth Metals Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Vietnam Rare Earth Metals Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for rare earth metals in high-tech industries such as electronics, renewable energy, and electric vehicles. |
4.2.2 Growth in the manufacturing sector in Vietnam leading to higher consumption of rare earth metals. |
4.2.3 Government initiatives to promote domestic production and reduce reliance on imports. |
4.3 Market Restraints |
4.3.1 Volatility in rare earth metals prices due to fluctuating global demand and supply dynamics. |
4.3.2 Environmental concerns and regulations surrounding the extraction and processing of rare earth metals. |
4.3.3 Competition from other countries in the region with established rare earth metals industries. |
5 Vietnam Rare Earth Metals Market Trends |
6 Vietnam Rare Earth Metals Market, By Types |
6.1 Vietnam Rare Earth Metals Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Rare Earth Metals Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Vietnam Rare Earth Metals Market Revenues & Volume, By Cerium Oxide, 2021-2031F |
6.1.4 Vietnam Rare Earth Metals Market Revenues & Volume, By Lanthanum Oxide, 2021-2031F |
6.1.5 Vietnam Rare Earth Metals Market Revenues & Volume, By Neodymium Oxide, 2021-2031F |
6.1.6 Vietnam Rare Earth Metals Market Revenues & Volume, By Yttrium Oxide, 2021-2031F |
6.1.7 Vietnam Rare Earth Metals Market Revenues & Volume, By Praseodymium Oxide, 2021-2031F |
6.1.8 Vietnam Rare Earth Metals Market Revenues & Volume, By Samarium Oxide, 2021-2031F |
6.1.9 Vietnam Rare Earth Metals Market Revenues & Volume, By Dysprosium Oxide, 2021-2031F |
6.1.10 Vietnam Rare Earth Metals Market Revenues & Volume, By Dysprosium Oxide, 2021-2031F |
6.2 Vietnam Rare Earth Metals Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Rare Earth Metals Market Revenues & Volume, By Permanent Magnets, 2021-2031F |
6.2.3 Vietnam Rare Earth Metals Market Revenues & Volume, By Metal Alloys, 2021-2031F |
6.2.4 Vietnam Rare Earth Metals Market Revenues & Volume, By Glass Polishing, 2021-2031F |
6.2.5 Vietnam Rare Earth Metals Market Revenues & Volume, By Glass Additives, 2021-2031F |
6.2.6 Vietnam Rare Earth Metals Market Revenues & Volume, By Catalysts, 2021-2031F |
6.2.7 Vietnam Rare Earth Metals Market Revenues & Volume, By Phosphors, 2021-2031F |
6.2.8 Vietnam Rare Earth Metals Market Revenues & Volume, By Others, 2021-2031F |
6.2.9 Vietnam Rare Earth Metals Market Revenues & Volume, By Others, 2021-2031F |
7 Vietnam Rare Earth Metals Market Import-Export Trade Statistics |
7.1 Vietnam Rare Earth Metals Market Export to Major Countries |
7.2 Vietnam Rare Earth Metals Market Imports from Major Countries |
8 Vietnam Rare Earth Metals Market Key Performance Indicators |
8.1 Percentage of rare earth metals used in domestic manufacturing. |
8.2 Number of government-supported projects aimed at developing the rare earth metals industry. |
8.3 Research and development investment in new technologies for rare earth metals extraction and processing. |
9 Vietnam Rare Earth Metals Market - Opportunity Assessment |
9.1 Vietnam Rare Earth Metals Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Vietnam Rare Earth Metals Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Vietnam Rare Earth Metals Market - Competitive Landscape |
10.1 Vietnam Rare Earth Metals Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Rare Earth Metals Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |