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Synopsis
Timetric's Vietnamese fiscal regime report outlines governing bodies, governing laws, licenses, rights and obligations, and tax-related information for seven commodities: iron ore, copper, gold, silver, nickel, coal and platinum.
Summary
Timetric's fiscal regime report covers Vietnam which has rich mineral deposits, which include coal, copper, gold, nickel and silver.
- The mining industry is governed by the Ministry of Natural Resources and Environment (MONRE), and the General Department of the Geology and Minerals, under its supervision, manages the country's geology and mineral resources.
- The Mineral Law 2010 is the apex law for the country's mining industry, and focuses on implementing new strategies and polices for mining operations.
Scope
The report outlines governing bodies, governing laws, licenses, rights, obligations and key fiscal terms which includes mining royalty, enterprise income tax, depreciation rates, loss carry forward and value added tax (VAT).
Reasons To Buy
Gain an overview of Vietnam's mining fiscal regime
Key Highlights
- Ministry of Natural Resources and Environment (MONRE) is the body responsible for the development and implementation of educational programs for land, as well as for raising awareness of policies and legislation on land agencies
- The Vietnam Environmental Administration (VAE) is the subsidiary body under MONRE. It is responsible for providing advice and assisting the minister of MONRE
- The General Department of Geology responsible for carrying out state functions on geology and mineral resources throughout the country