Core Viewpoint - Vietnam's National Assembly has passed legislation to prohibit the export of rare earth materials, strengthening control over mineral resources and establishing new regulations for the industry [1] Group 1: Legislative Changes - The revised Mineral Law will come into effect in January, imposing strict controls on the exploration, mining, and processing of rare earths, with only government-approved companies allowed to engage in these activities [1] - The new law encourages international cooperation in research, transfer, and development of extraction, beneficiation, separation, and deep processing technologies to support the domestic rare earth industry [1] Group 2: Resource Management - According to a report by the U.S. Geological Survey, Vietnam possesses 3.5 million tons of rare earth reserves, ranking sixth globally [1] - The revised legislation mandates that deep processing of rare earths must be integrated with the development of the industrial ecosystem to enhance Vietnam's local value chain and ensure self-sufficiency in the rare earth sector [1] Group 3: Strategic Development - The Vietnamese Ministry of Agriculture and Rural Development is formulating a national strategy for rare earth minerals, which is expected to be submitted to the government by early 2026 [1]