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Legal Update

Vietnam's Long-Term Strategy for Exploitation of Mineral Resources

1 June 2012
Mayer Brown Legal Update


Vietnam has recently issued several key pieces of legislation necessary to implement the 2010 Mineral Law.

On 22 December 2011, Vietnamese Prime Minister ("PM") signed Decision No. 2427/QD-TTg ("Decision 2427") approving the national mineral resources strategy to 2020 with a vision to 2030.

The same day, the Government also issued Resolution No. 103/NQ-CP ("Resolution 103") on its action plan for implementing the Politburo’s Resolution No. 02-NQ/TW ("Resolution 02"), dated 25 April 2011, on strategic orientations for mineral resources and mineral exploitation to 2020 with a vision to 2030.

Most recently, on 9 January 2012, the PM released Directive 02/CT-TTg ("Directive 02") on strengthening State management of exploration, exploitation, processing, usage and export of minerals.

This article describes the main points of Decision 2427, Resolution 103 and Directive 02, and the impact of the developing mineral strategy on exploration and exploitation activities in Vietnam.
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