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Vietnam jails 23 people over rare earths exploitation

  • A Vietnamese court jailed 23 officials and business people for illegal rare earth exploitation and export.
  • The US Geological Survey revised Vietnam's rare earth deposits estimate from 22 million tons to 3.5 million tons.
  • Thai Duong Company unlawfully received a mining license for the Yen Phu mine from 2019 to 2023.
  • Defendants earned nearly $30 million by selling rare earths and iron ore, primarily to China.
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Vietnam jails 23 people over rare earths exploitation

A Vietnamese court on Wednesday jailed 23 officials and business people over the illegal exploitation and export of rare earths.

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Australian Financial Review broke the news in Sydney, Australia on Wednesday, May 21, 2025.
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