How does Vietnam use their natural resources?

What are some of Vietnam natural resources?

Vietnam is well endowed with a wide variety of mineral resources. Among the most important mineral resources are phosphates, bauxites, oil, coal, gold, copper, zinc, tin, chromite, manganese, and titanium. Some metallic minerals, such as copper, zinc, tin, and gold, have been mined since the Bronze age.

What is the role of natural resource for Vietnam economy?

This study estimates the capital or stock value of Vietnam’s natural resources. … As a consequence, natural resources yield economic profits—rents—if properly managed. These rents can be an important source of development finance for poor countries (World Bank, 2006).

How are natural resources being used?

Natural resources are used to make food, fuel and raw materials for the production of goods. All of the food that people eat comes from plants or animals. Natural resources such as coal, natural gas and oil provide heat, light and power.

What is Vietnam’s biggest industry?

Main Sectors of Industry

Vietnam’s economy is based on large state-owned industries such as textiles, food, furniture, plastics and paper as well as tourism and telecommunications. Agriculture represented 14% of GDP and employs 36% of the total workforce in 2020 (World Bank).

Is Vietnam rich in natural resources?

Vietnam’s key mineral endowment includes: coal, bauxite, rare earth, tungsten, titanium, phosphate rocks and iron ore. Coal remains one of the primary energy sources for the domestic market. Vietnam turned from a net coal export country into net import country in 2016.

What is Vietnam’s largest export?

Top 10

  • Electrical machinery, equipment: US$153.5 billion (44.1% of total exports)
  • Machinery including computers: $23.9 billion (6.9%)
  • Footwear: $23.8 billion (6.8%)
  • Clothing, accessories (not knit or crochet): $15.5 billion (4.5%)
  • Furniture, bedding, lighting, signs, prefab buildings: $15.5 billion (4.4%)

What natural disasters happen in Vietnam?

Vietnam suffers from many kinds of disasters, such as: flood, storm, tropical depression, storm surge, inundation, whirlwind, flash flood, river bank and coastline erosion, hail rain, drought, landslide, forest fire,…

How do humans depends on natural resources?

Humans use natural resources for everything they do: for example, they use soil and water to grow food, wood to burn to provide heat or to build shelters, and materials such as iron or copper extracted from Earth to make cooking pans.

What are the two types of natural resources?

There are two main types of natural resources, renewable and non-renewable resources.

What are the impacts of overusing resources?

In short, raw material extraction and processing always impact on the environment, resulting as they do in soil degradation, water shortages, biodiversity loss, damage to ecosystem functions and global warming exacerbation.

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