Minerals exported dirt-cheap to China

VietNamNet Bridge – China buys 85 percent of Vietnam’s total mineral exports, but the price of exports to the market is 60 percent of the average export price. China buys 85 percent of Vietnam’s total ore exports According to GDC (General Department of Customs), Vietnam exported 4.4 million tons of ore and minerals worth $167 million in 2017.  Of this, 3.5 million tons, or 85 percent of total exports, went to China, but the export turnover was only 51.4 percent of total mineral export turnover. “Vietnam is an attractive market for China to implement the policy. In fact, the exploitation output can satisfy demand of the country’s industries. However, China is still trying to import minerals with no limitations,” Dong said.

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