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.

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.

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.

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.

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.

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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