Legal Counselling

Vietnam: Process for determination of output of minerals actually extracted from mineral water and natural hot water deposits

15:19, 25/12/2017

On December 22, the Ministry of Natural Resources and Environment of Vietnam issued Circular No. 61/2017/TT-BTNMT, which specifies the process for determination of output of minerals actually extracted from mineral water and natural hot water deposits.

According to Circular No. 61/2017/TT-BTNMT of the Ministry of Natural Resources and Environment of Vietnam, the actual mining output of mineral water and natural hot water deposits shall be determined according to the following process:

- Based on the approved mine design and the preceding year’s actual mining output, mining organizations and individuals draw up the (estimated) mining plan for the calculation year.

- Preparing books used for recording and updating data and information about the consumption flow of upstream mineral water; about volume of mineral water and hot water for different uses achieved during the production process carried out in each mining stage according to the approved mine design.

- Recording and updating the actual flow in books as prescribed by Clause 2 of this Article; collecting a full amount of invoices, evidencing documents, accounting records and results of assessment of quality of mineral water and hot water (if any) for determination of actual mining output.

- Combining data and information which have been recorded and updated into statistical charts similar to sample ones No. 03, 04, 05 and 06 hereto attached; synthesizing the actual flow which is determined as of the 31st of December of the calculation year.

View details at Circular No. 61/2017/TT-BTNMT of the Ministry of Natural Resources and Environment of Vietnam, effective from March 07, 2018.

-Thao Uyen-

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