New Text Notification

Investment projects not allowed to carried out in national mineral reserves of Vietnam

Nguyễn Trinh

15:43, 02/04/2021

Recently, the Government of Vietnam issued Decree 51/2021/ND-CP on mineral management in national mineral reserve areas.

According to this Decree, the following investment projects are not allowed to carried out in national mineral reserves of Vietnam:

Investment projects requiring long-term land use, excluding technical infrastructure works of national and public interests;
Construction works of special grade and grade I per regulations of law on construction, excluding projects of national importance whose investment guidelines are approved by the National Assembly, Government and Prime Minister of Vietnam.

In addition to the above projects, when applying for approval for investment guidelines of projects in national mineral reserves, applicants must assess the impact of their projects on mineral resources, deposits and quality in these national mineral reserves; and include solutions for protection of minerals requiring reservation in the prefeasibility research report or report for approval for investment guidelines.

Performance period of an investment project in a national mineral reserve of Vietnam shall not exceed the remaining mineral reservation period of the reserve.

See more at: Vietnam's Decree 51/2021/ND-CP takes effect from April 1, 2021.

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