Vietnam mulls sharp increase in environment fees on mining industry

Thanh Nien News

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Coal mining in Quang Ninh Province in northern Vietnam. Photo credit: Saigon Times Online Coal mining in Quang Ninh Province in northern Vietnam. Photo credit: Saigon Times Online

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The Ministry of Finance has proposed a sharp increase of up to 50 percent in environmental protection fees, saying the country needs a bigger fund to deal with negative impacts of mining activities. 
According to local media, the ministry suggested that the environmental fees for coal mining, currently ranging between VND6,000-10,000 a metric ton, be raised to as high as VND14,000 (US$0.62) a ton.
The fees for iron, rare earth minerals and gold will surge between 33 and 50 percent, under the proposal. 
Crude oil extraction however will carry the same environmental fee of VND100,000 a ton, the ministry said.
It said the money will help fund projects that mitigate the impacts of mining activities on the environment and to fix possible problems such as erosion or water pollution.
The country collected VND2.57 trillion ($114.4 million) of environmental fees last year, up 3 percent from 2013.

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