VietNamNet Bridge – Viet Nam will inaugurate its first centre on research and technology transfer of rare earth in the Dan Phuong district of Ha Noi tomorrow, June 16.

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According to the Japanese Embassy in the city, the centre is the result of collaborative projects between the country and Viet Nam under an agreement on rare earth co-operation signed last year.

Though Vietnam has vast potential in rare earth resources, rare earth mines have as yet to be put into operation.

The centre will carry out extraction and separation of rare earth from exploited ore before exporting the product to Japan, the embassy said.

Centre equipment will be funded by Japan while Viet Nam takes care of construction costs.

According to the Vietnamese Department of Geology and Minerals, the country has one of the world's largest rare earth reserves, mainly found in the north-west.

VietNamNet/Viet Nam News