Communist Party Secretary General Nong Duc Manh

Vietnam will impose a ban on selling raw natural resources and focus on processing them, Communist Party Secretary General Nong Duc Manh said Wednesday.

Vietnam is shipping many of its resources abroad. For example, crude oil is one of the country’s top export earners. Crude oil shipments in the first nine months of this year valued US$4.77 billion, just after garments’ export turnover. Meanwhile, the nation currently imports almost all of its oil products.

Pham Khoi Nguyen, Minister of Natural Resources and Environment, said, “Ten years ago, no country wanted to engage in mining in Vietnam. But now, many are ready to explore mines in the country and then ship it back home. This is because they are expecting a crisis in natural resources in the near future.

Source: Thanh Nien, Tuoi Tre