However, a drawback is that this approach may lead to inconsistent compliance by mining organisations and individuals, as few localities are currently implementing this policy. On the issue of mining rights fees (Article 101), Huy noted that some deputies expressed their opinions that the fees were impractical and misaligned with current realities. There were suggestions to remove the mining rights fees altogether and clarify the difference between these fees and the resource tax. The NA Standing Committee argued that, after 13 years of implementation, the mining rights fees had helped reduce speculative holding of mining rights, limited hoarding for resale and attracted financially capable investors. For mining rights fees, the draft law proposes that State management agencies will approve the fees based on estimated mineral reserves.

Source: Viet Nam News November 05, 2024 22:47 UTC