Vietnam is considered a country with diverse mineral resources with more than 5000 mines of 60 types of minerals. In which, some types have important reserves such as bauxite (672.1 million tons), apatite (0.778 million tons), titanium (15.71 million tons), coal (3,520 million tons), rare earth (1, 1 million tons) and granite (15 billion m3). Oil reserves are estimated at about 6 billion tons and gas is about 4,000 billion m3, mainly distributed in sediments from South to North.
According to the announcement in October 2014 of the US Geological Survey (USGS): In 2012, Vietnam ranked 7th in crude oil exploitation in the Asia Pacific region (110 million gallon barrels); Contributing 2.3% of total world tin production and 1.8% of total cement production, 1% of total world barite production1. According to calculations, in the period 2008 – 2013, the mining sector’s contribution to GDP increased from 9.07% in 2008 to 11.49% in 2013, equivalent to VND 411,673 billion.