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Legal Update

Decree on Auctioning Mining Rights

30 May 2012
Mayer Brown JSM Legal Update
On 26 March 2012 the Vietnamese Government issued Decree No. 22/2012/ND-CP ("Decree 22"). Decree 22 provides detailed regulations on Article 79.2 of the Mineral Law with respect to the principles, conditions and procedures for auctioning mineral mining rights. Other provisions relating to the auction process not covered under Decree 22 will comply with legislation on general auctions of assets.

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