Vietnam’s rare earth export ban – imitating China, developing import-substitution, or laying the foundation for energy transition

Vietnam is recently being portrayed as “following China’s playbook” on rare earths after it introduced a ban on exports. But if studied closely, they are structurally different with two distinct objectives. While China has restricted its rare earth exports, effective April 4, 2025, using licensing, quotas, and regulatory scrutiny to reinforce its dominance over a supply chain it already controls, Vietnam has put a complete ban, effective January 2026, to supporting its domestic industry that has struggled for decades to exploit its reserves.
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China vs Vietnam - imitation of policy or inspiration?
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