Tag: EITI

Ministry of Finance Responded to the Petition of Thach Khe Iron Mine

Recently, The Inspectorate General of Finance, responded to People and Nature Reconciliation (PanNature), Vietnam Mining Coalition’s coordination unit, about the coalition’s petition to stop Thach Khe iron mine project, sent to leadership of the party, the national essembly, the government and ministries, boards and branches on January 17th, 2019.

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Proposing to Close Thach Khe Iron Mine

Based on the results of field research and survey combined with expert consultation in the mineral field, on January 17th 2019, Vietnam Mining Coalition sent a petition about stopping the iron mine project and closing the mine in Thach Khe to leadership of the Communist Party, the National Essembly, as well as relevant ministries, boards and branches of Vietnam’s government.

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Workshop on Promoting Effective Governance of the Mining Industry

In order to introduce the Resource Management Index and assessment results on minning industries in 2017, discuss the current situation and efforts to innovate the effective governance model of Vietnam’s mining industry, 30 January, Vietnam Mining Coalitionand and PanNature in collaboration with the Natural Resource Governance Institute (NRGI) to organize the workshop “Promoting Effective Governance of the Mining Industry” to promote effective governance of the mining industry in Vietnam.

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Viet Nam should adopt EITI for resource management

Implementing the Extractive Industry Transparency Initiative (EITI) will help Vi?t Nam fight corruption in the resources extraction sector, participants were told at a workshop held yesterday in Hà N?i. EITI is a global standard for governance when it comes to a country’s oil, gas and mineral resources, and is implemented by governments in collaboration with companies and civil society. Countries implementing EITI disclose information on tax payments, licenses, contracts, production and other key elements around resource extraction.

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Viet Nam urged to tighten resource consumption tax

At a conference held by PanNature at the end of last month, experts said that budget collections from mineral mining activities were not proportional to the exploitation scales. Statistics of the Ministry of Finance revealed that natural resources exploitation (excluding oil) contributed merely between 0.9 per cent and 1.1 per cent to the State budget from 2011 to 2015.

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Mining-sourced tax collection needs improvements

Tax collected from the mining of natural resources, excluding crude oil, accounted for between 0.9 – 1.1 percent of the total state tax collections in the 2011-2013, according to the Ministry of Finance.

The amount is a far cry from the scale of exploitation activities, said delegates to a workshop held by People and Nature Reconciliation (PanNature) on May 13.

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Vietnam needs better management of mineral resources

Vietnam needs to raise awareness of mineral resources and take measures to boost intensive processing in order to reduce losses and protect the environment, suggested experts at a seminar in Hanoi on December 3.

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Launching “The Framework for Extractive Industries Governance in ASEAN”

Hanoi, December 5th, 2014 – People and Nature Reconciliation (PanNature), in cooperation with Institute Essential Service Reform (IESR), organized a half-day workshop on “Launching the regional framework on EI governance”.

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Poor supervision over mining allows many to get rich

A lack of transparency in exploiting natural resources has resulted in large amounts of revenues from mineral exploitation flowing into the pockets of individuals instead of State coffers.

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Expert says neglect of duty in mining a form of corruption

The neglect of obligations in protecting the environment in exploiting natural resources can be seen a delicate form of corruption, an expert said at a seminar on Wednesday on transparency initiatives to protect the environment.

Dang Hung Vo, former deputy minister of natural resources and environment, told the meeting that many investors belittle the task of environment protection in their projects, thus doing harm to the environment and the community.

The strategic environment assessment and the environment protection statement required for such projects, especially those in mining, have not properly attended to by project owners, and in many cases, investors prepare such studies only to gain regulatory approval for their projects, Vo said.

The community can hardly get access to information on environment protection from each project, while compensations for the community due to environmental damages have not been properly enforced, he said.

toadam24122013Photo: PanNature.

“The failure to fulfill environment protection obligation in projects to tap natural resources is therefore a form of corruption,” he told the seminar organized by the non-profit organization PanNature in Hanoi.

Do Thanh Bai from Chemistry Society of Vietnam said thousands of licenses had been issued to investors as of may 2013 to tap natural resources nationwide. These include 79 licenses issued by the Ministry of Natural Resources and Environment, 530 licenses issued by other central agencies, and 4,200 licenses granted by provincial governments.

However, between 30% and 40% of mining enterprises do not make periodic reports on their operations as required, he said.

Under prevailing regulations, of all the taxes payable by mining enterprises, 30% is to be paid to the central State Budget, while the remaining 70% is paid to provincial coffers. Information about the payment of such taxes is not transparent, Bai said.

Source: The Saigon Times

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