Vietnams Mining Fiscal Regime: H1 2014

Published: Jun, 2014 | Pages: 15 | Publisher: Timetric
Industry: Mining | Report Format: Electronic (PDF)

Synopsis
Timetric's Vietnam fiscal regime report outlines governing bodies, governing laws, mining licenses, rights and obligations and key fiscal terms covering 6 commodities: coal, iron ore, copper, gold, silver and nickel.

Summary
The mining industry is governed by the Ministry of Natural Resources and Environment (MONRE), and the 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 Vietnam's governing bodies, governing laws, mining licenses, rights and obligations and key fiscal terms which includes, Mining Royalty, Enterprise Income Tax (EIT), Capital Gain Tax, Withholding Tax, Depreciation Rates, Loss Carry Forward and VAT.
Reason To Buy
To gain an overview of Vietnam's mining fiscal regime.
Key Highlights
MONRE is the body responsible for the development and implementation of educational programs for land as well as raising awareness of policies and legislations on land agencies.
The Vietnam Environmental Administration (VAE) is the subsidiary body under MONRE, established according to the Prime Minister's decision 132/2008/QD-TTg.
The Department of Geology and Mineral is a body under MONRE, responsible for carrying out state functions on geology and mineral resources throughout the country. It also performs the functions and powers as mentioned in the Articles of Decree 08/2004/QD-BTNMT on May 26, 2004.
Vietnam's Mineral Law 2010 is the current law governing the country's mining industry. It came into effect from July 1, 2011, replacing the 1996 Mineral Law, and focuses on implementing new strategies and polices for mining operations.

 1 Executive Summary 1
2 The Vietmese Mining Industry - Governing Bodies 5
2.1 Ministry of tural Resources and Environment (MONRE) 5
2.1.1 Vietm Environmental Administration (VAE) 5
2.1.2 Department of Geology and Minerals 5
3 The Vietmese Mining Industry - Governing Laws 6
3.1 Mineral Law 6
3.1.1 Mineral strategy 6
3.1.2 Auction of mineral mining rights 6
4 The Vietmese Mining Industry - Mining License 7
4.1 Mineral Exploration License 7
4.1.1 Duration 7
4.2 Mineral Mining License 7
4.2.1 Duration 7
5 The Vietmese Mining Industry - Rights and Obligations 8
5.1 Rights 8
5.2 Obligations 8
6 The Vietmese Mining Industry - Key Fiscal Terms 9
6.1 Mining Royalty 9
6.2 Enterprise Income Tax (EIT) 9
6.3 Capital Gain Tax 9
6.4 Withholding Tax 9
6.5 Depreciation Rates 10
6.6 Loss Carry Forward 10
6.7 Value Added Tax (VAT) 10
7 Appendix 11
7.1 What is this Report About? 11
7.2 Methodology 11
7.3 Secondary Research 11
7.4 Primary Research 12
7.5 Contact Timetric 12
7.6 About Timetric 12
7.7 Timetric's Services 13
7.8 Disclaimer 14


List of Tables
Table 1: The Mining Industry in Vietm - Fiscal Regime Terms and Other Taxes (%), 2014 1
Table 2: The Mining Industry in Vietm - Royalty Rates (%), 2014 9
Table 3: The Mining Industry in Vietm - Withholding Tax Rates (%), 2014 9
Table 4: The Mining Industry in Vietm - Depreciation Tax Rates (%), 2014 10