"Patience, persistence and perseverance” were the three key qualities one US foreign investor advised for companies looking to invest in Vietnam.
The South East Asia country is emerging as an attractive exploration target; an abundance of bauxite, coal, and iron ore, in addition to significant deposits of strategic industrial minerals such as rare earths, is providing the stimulus needed for long-term investment in the country.
This is a government-backed charge towards resource development. Compared to other countries in the region, such as China, Malaysia and Thailand, Vietnam’s industries are still by and large waiting to be established - and it is accepted that raw materials are an integral part of the investment cycle that is needed to ensure the country continues to grow.
Illegal sand dredging on the Mekong River Delta: the Vietnamese government is clamping down on illegal operations which threaten its mineral development plans Courtesy...