On 17 November 2010, the Vietnamese National Assembly adopted the new mineral law (2010 Mineral Law), which will take effect from 1 July 2011 (Effective Date), and replaces the 1996 Mineral Law (as amended in 2005). The 2010 Mineral Law introduces new changes to and supplements the existing legal framework for mineral exploration and exploitation, including streamlining the licensing process and imposing more stringent financial conditions which must be satisfied to obtain mineral licenses.

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