The Northwest Vietnam survey, running nearly eight years to 2024, mapped geology and minerals at 1:50,000 scale over 13,081 km² and drilled 498 boreholes totaling more than 46,000 m, with 90% intersecting ore bodies. It identified and assessed 110 deposits across 25 mineral types, notably including rare earths. According to a US Geological Survey report cited in the article, Vietnam holds about 3.5 million tonnes versus 44 million tonnes in China, and the Chinese group CREG twice expressed interest in cooperating on extraction and processing, in November 2023 and April 2024. China leads in extraction and processing technology, from AI vision that doubles productivity to in-situ leaching and multi-stage solvent extraction, though in-situ leaching carries pollution risks if chemicals leak.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Khoan 498 lỗ sâu tổng 46.000m, Việt Nam phát hiện kho báu được Trung Quốc 2 lần ngỏ ý dù nắm trữ lượng gấp 12 lần, công nghệ khai thác đằng sau có gì?
Related news
- Countless round, potato-shaped objects lie across the seabed at 6,000 metres; Vietnam's neighbour makes huge find
Chinese scientists have published findings on the Clarion-Clipperton zone, at depths of up to 6,000 metres between Mexico and Hawaii, where billions of potato-shaped metal nodules lie on the seabed. Estimates suggest its nickel, cobalt and manganese reserves could exceed known reserves on land, though no commercial mining has begun. The International Seabed Authority has granted 17 exploration contracts in the area, 5 of them to China. A study of 60 sediment samples collected in 2023 and 2024 identified 11,742 virus types, over 99% (11,662) of them new, mostly from the Caudoviricetes class, which can inject genetic material into bacteria and is also found in oceans, soil and the human gut. Published in Nature Communications, the authors say the data will help assess environmental impacts before mining begins.
- Discovery of Nearly 5,000-Year-Old Shipwreck with 'Treasure' Under Seabed
Archaeologists have found a shipwreck believed to be the oldest in the world at a depth of 30 meters near Kekova island, off Turkey's southern coast. The 9.75-meter vessel sank an estimated 4,400 to 4,700 years ago; its wooden hull has decayed, but ceramic jars and stone anchors survive. Clay analysis shows the jars were made in workshops in the Jordan Valley, hundreds of miles away, and similar jars have been found near the Giza, Saqqara and Abusir pyramids, as well as at Troy and Crete. An unusual pottery vessel with nine different symbols and two holes may have been used to churn milk into cheese or butter, suggesting sailors may have carried live goats aboard. The excavation began in 2026, led by the Antalya Museum Directorate under the scientific supervision of Professor Hakan Öniz of Akdeniz University.
- Vietnam's Neighbor Is Stockpiling Gold at an Unprecedented Pace: Over 1,000 Tonnes Imported in 8 Months, Reserves Near 2,400 Tonnes
The People's Bank of China (PBOC) bought about 23 tonnes of gold in September 2026, its largest monthly purchase in nearly 3 years and the 23rd consecutive month of reserve increases. In the first 8 months of 2026, China spent a record $158.8 billion to import over 1,000 tonnes of gold, far above $96.5 billion and 886 tonnes for all of 2025, even as world gold prices fell more than 8% in September to about $4,176 an ounce. According to analysts, the PBOC aims to reduce reliance on the US dollar and US Treasuries, as China's US Treasury holdings dropped to $618 billion in July, the lowest in 18 years. One estimate puts PBOC purchases at about 190 tonnes from January through August, including 110 tonnes not officially disclosed. The WGC says China held about 2,387 tonnes of gold as of August 2026, but demand could cool if China's property and stock markets recover.
- Permanent Deputy Prime Minister Phạm Gia Túc: Deepening Vietnam-US Economic Partnership
On 14 October in Hanoi, Permanent Deputy Prime Minister Phạm Gia Túc spoke at the 2026 Vietnam-US Business Summit, attended by more than 250 delegates including US Ambassador Jennifer Wicks. He highlighted five outstanding results after more than 30 years of diplomatic normalisation and over three years of Comprehensive Strategic Partnership, including ongoing negotiations on a reciprocal, fair and balanced trade agreement and cooperation in semiconductors, AI and clean energy. On the economy, GDP in the first nine months of 2026 rose 9.01%, the highest in 15 years; registered foreign investment reached USD 50.36 billion, up 76.4%, while disbursed FDI reached USD 21.07 billion, up 12.1%. Total goods trade reached about USD 888 billion, up 30.4%, and Vietnam aims for double-digit growth over 2026-2031.
- Major Corporations Invest More Deeply in Vietnam
As of 30 September, registered FDI into Vietnam reached US$50.36 billion, up 76.4% year on year, while disbursed capital exceeded US$21 billion, up 12.1% and the highest in five years. Samsung Vietnam's Cha Ji Ho said cooperation with local firms will expand from Bắc Ninh and Ho Chi Minh City to Phú Thọ, Hải Phòng and Thái Nguyên, becoming broader, deeper and more systematic. SGS Vietnam's Jackson Woo stressed that domestic suppliers must prove quality, international standards and production stability to join global supply chains, as market size alone cannot substitute for these requirements. Bùi Thu Thủy of the Foreign Investment Agency said FDI should be used to lift productivity, technology and competitiveness rather than focusing only on capital volume.
- Meeting Deputy Prime Minister Nguyen Van Thang, Citigroup CEO affirms: "bringing international investors to Vietnam is our mission"
Deputy Prime Minister Nguyen Van Thang received Citigroup CEO Ernesto Torres Cantú at Government headquarters on the afternoon of October 16. The Deputy PM said the government targets average GDP growth of 10% or more per year for 2026–2030, and FDI disbursed in the first nine months exceeded US$21 billion, up 76.4% year on year. He asked Citibank to help build international financial centres in Ho Chi Minh City and Da Nang and to convey Vietnam's goodwill to the U.S. government on quickly finalising a reciprocal trade agreement. Torres Cantú said bringing international investors to Vietnam is Citigroup's mission, adding that the group is seeking funding for Vietnam's energy sector and will work with the Ministry of Finance on sovereign credit ratings.
Related markets
Latest news
- Roblox Is Now Down 38% in 2026: Is RBLX Stock Dead Money or Poised for a Comeback?
Roblox stock is down 38% year to date to $50.41, with a late-September court ruling letting a Los Angeles County child exploitation lawsuit proceed and a Jefferies downgrade to Underperform adding pressure. Jefferies argued the rally after the Q2 report priced in too much bookings growth, which rose only 8% to $1.6 billion in Q2 even as daily active users grew 10% to 123 million. Safety changes, including a mandatory age check, had already led Roblox to cut its full-year revenue growth forecast to 20% to 25% earlier this year. For Q3 2026, Roblox forecasts a year-over-year bookings decline of 14% to 18%. Take-Two (down 20%) and GameStop (up 31%) year to date suggest the pressure is specific to Roblox, and the article frames the key test as whether bookings stabilize while user growth continues.
- Super Micro (SMCI) Won Over $60 Billion in Orders, Is the Discount Deserved?
A contractor linked to Super Micro Computer (SMCI) pleaded guilty earlier this month to helping ship servers with advanced Nvidia chips to China, a case prosecutors say involved billions of dollars of U.S. AI technology, though the company says it was not named as a defendant and its operations are unaffected. Sales for the fiscal year ended June reached $39.1 billion, up from $22.0 billion, with CEO Charles Liang citing more than $60 billion in new orders, several hundred added enterprise customers, and a record backlog. Management guides to $65.0 billion to $72.0 billion in fiscal 2027 sales, and sales have grown about 61.5% a year over five years. Gross margin was 10.8% for the full year but rose to 17.5% in the June quarter, with net income of $1,178 million, while the trailing 12-month operating margin was 7.09%. The article notes the stock trades at a much lower multiple of expected earnings than the sector, and that one strong quarter does not yet prove a new margin level.
- Is Nvidia Stock Really Trading for Just 8 Times 2030 Earnings?
Nvidia is the market's most valuable company, with a market cap above $5 trillion. It trades at 27 times adjusted trailing earnings, but only about 8 times analysts' estimate for fiscal 2030 earnings, a figure the author stresses is a moving target. Revenue growth accelerated from 56% in Q2 FY 2026 to 106% in Q2 FY 2027, though guidance points to a slight slowdown in the current quarter. The stock trades at 13 times next year's earnings, and the board recently authorized a record $150 billion in share repurchases. The author also acknowledges risks such as slower growth or contracting net margins.
- California billionaire tax could backfire, Stanford study says
Stanford economists Benjamin Jaros and Joshua Rauh argue in an NBER working paper that California's proposed one-time 5% tax on billionaire wealth could raise far less than projected and ultimately reduce state revenue. Seven billionaires, including Peter Thiel, Larry Page and Sergey Brin, have publicly left the state, removing about $540 billion, or 30%, of California's billionaire wealth from potential taxation. The authors estimate the measure could generate only about $30 billion, versus the $100 billion projected by proponents, while losing $1 billion to $3.5 billion a year in income tax revenue could leave the state about $39 billion worse off in present-value terms if those losses persist. The measure, Proposition 40, goes to voters next month, and a Citrin-Politico poll found 46% of likely voters in favor and 43% opposed. Supporters, including Nobel laureates Daron Acemoglu and Joseph Stiglitz, argue the tax will fund health care and that California has attracted more venture funding since the proposal was announced.
- US Orders Civilian Agencies to Rip DeepSeek Out of Government Systems
The U.S. Department of Homeland Security on Monday ordered civilian federal agencies to remove DeepSeek products and third-party services built on the model from their IT systems, and to stop buying them. The notice warns that using DeepSeek may transfer sensitive data to China and could produce intelligence on U.S. persons and agencies. The Commerce Department, the Navy, and the states of New York, Tennessee and Virginia had already restricted DeepSeek. The FCC votes on October 29 on barring Chinese labs from testing electronics for U.S. use.
- NVIDIA Stock And 2 Other Undervalued Stocks To Own
Rising interest rates have pushed down bond prices, with 10-year U.S. Treasuries recording one of their steepest multi-year declines since the 18th century. The article highlights three U.S. stocks that a Simply Wall St cash flow screen considers attractively priced relative to their future cash flow potential: NVIDIA, Wells Fargo and J.B. Hunt Transport Services. NVIDIA generated about US$275.4b from Compute & Networking and US$27.6b from Graphics, with a market cap of US$5,170.6b, and the piece notes that an open-source or cheaper alternative to its CUDA platform could weaken its moat. Wells Fargo, with a market cap of US$251.7b, grew average loans 12% and average deposits 10% year over year in 2Q26 after the removal of its asset cap, while J.B. Hunt, with a market cap of US$21.3b and US$13.3b in revenue, recorded record intermodal volume of over 578,000 loads in Q2 2026.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.