Vietnam feasibility study - EITI

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for collection and creation of information about mineral exploitation. Fee for the use of fundamental
geological survey information is not a significant amount. Meanwhile, the expenses for carrying out
exploration are a huge amount. In regards to the collection level, it will be provided in detail by the
Ministry of Natural Resources and Environment (MONRE) for specific mines. The payment of such fees
has been stipulated in the Circular No.186/2009/TTLT-BTC-BTN&MT dated 28/9/2009, co-issued by
MOF and MONRE on guiding the measure of determining value, method, procedures of payment for
the use of data, information about the mineral survey, and exploration result of the state.
3. Fee for issuance of mineral survey, exploration, exploitation, and processing licenses
Depending on the features of each mine, the fee for issuance of mineral survey, exploration and
exploitation license is regulated in the Circular No. 155/2010/TT-BTC issued by the MOF. For exploration,
depending on the exploitation area, the fee for issuing license ranges from VND 4-15 million. For
processing licenses, the fee is VND 10 million for one license. For mineral exploitation inside mines, the
fee is VND 60-80 million for one license. For over-exploitation, the fee is VND 5 million for one license.
According to the revised Law on Minerals, which was passed in 2010 and is coming into effect on 1
July 2011, the fee for issuing processing licenses will be abolished.
4. Fee for mineral monopoly exploration
Only the company that is entitled to monopoly exploration under the nomination of the state is
required to pay this fee. This fee is based on the area of monopoly exploration at the following rates:
• First year: VND 50,000/ha/year;
• Second year: VND 80,000/ha/year;
• Third and fourth year: VND 100,000/ha/year.
Additionally, the company is required to deposit an amount equal to 25% of the estimated expenses
on exploration in the first year before issuing a mineral exploration license.
5. Fee for appraisement, valuation of mineral reserve
When the company carries out mineral exploration activities and obtains results of the mineral reserve,
the responsible state management agencies such as MONRE and Department of Natural Resources
and Environment (DONRE) for mines, which are subjected to national master planning or under local
management respectively, will establish a committee to valuate the mineral reserve. Under Decision
No. 27/2005/QD-BTC issued by MOF, the fee for appraisement, valuation of mineral reserves is based
on the total expenses of the geological survey, ranging from VND 4-85 millions.
6. Fee for evaluating the environmental impact assessment report
Mineral exploitation requires an environmental impact assessment report. The extractive company
must prepare an EIA report and submit it to the concerned state management agencies like MONRE
or DONRE. Expense for the evaluation of the EIA report is as follows:
a. The fee shall not exceed VND 5 million for one official report, and
b. For supplemental EIA report, the fee shall not exceed 50% of the fee of the official EIA report
(Circular No. 97/2006/TT-BTC).
7.Fee of environmental protection for mineral exploitation activities
Mineral exploitation activities usually have adverse impacts on the environment. For that reason, the
mining company must pay an environmental protection fee in accordance with Decree No. 63/2008/
ND-CP. The local authority collects 100% of the environmental protection fee, which is used for
environmental protection activities at the local level.
The environmental protection fee is calculated on the basis of cubic meters (m 3 ) or ton of raw mineral.
The Extractive Industries Transparency Initiative and the Implementation Perspective of Vietnam