Legal Counselling

Vietnam: Formula for calculating the price for calculating charge for granting mining right

09:40, 04/08/2019

This is one of the notable contents specified in Decree No. 67/2019/NĐ-CP of Vietnam’s Government prescribing charges for granting mining right and calculation methods thereof.

According to Decree No. 67/2019/NĐ-CP of Vietnam’s Government, the price for calculating charge for granting mining right (G) is calculated by adopting the following formula:

G = Gtn x Kqd

Where:

- G: The price for calculating charge for granting mining right; unit: VND/unit of mineral reserves;

- Gtn: The price for calculating resource royalty announced by the provincial People’s Committee; unit: VND/unit of resources;

- Kqd: Conversion coefficient.

gia tien cap quyen khai thac khoang san, Nghi dinh 67/2019/NĐ-CP

Kqd is determined as follows:

- Kqd ≠ 1 if prices for calculating resource royalty announced by the provincial People's Committee do not include the price of crude minerals (after mining) or includes the price of crude minerals but its measurement unit (of dimension one) is different from the unit of the licensed mineral reserve;

- Kqd = 1 if prices for calculating resource royalty announced by the provincial People's Committee include the price of crude minerals or the price of metal ores corresponding to the licensed reserve of minerals that are metal ores.

- Kqd of metallic and non-metallic minerals shall be determined according to Appendix II enclosed with Decree No. 67/2019/NĐ-CP of Vietnam’s Government.

View more details at Decree No. 67/2019/NĐ-CP of Vietnam’s Government, effective from September 15, 2019.

Thu Ba

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