Lai Chau-Vimico Rare Earth JSC (Lavreco) recorded revenue of only VND240 million ($9,800) with zero profit after tax in 2022, even though it owns the largest rare earth mine in Vietnam, Dong Pao, in the northwestern province of Lai Chau.
The agreement with the U.S. on semiconductors and rare minerals exploitation will attract many investors from countries with rare earth processing and application technology to Vietnam, an expert says.