Legal problems hinder investment projects on surface of mineral reserves areas

Vietnam has designated 48 areas of mineral reserves by 2020, and the surface of such areas has great potential for use for different purposes such as tourism or wind power, but investment in such projects is facing legal difficulties.
Legal problems hinder investment projects on surface of mineral reserves areas ảnh 1Illustrative image (Photo: VietnamPlus) 

Hanoi, (VNA) – Vietnam has designated 48 areas of mineral reserves by 2020, and the surface of such areas has great potential for use for different purposes such as tourism or wind power, but investment in such projects is facing legal difficulties.

Great mineral resources

According to the Ministry of Natural Resources and Environment, nearly six years after Decision 645/QD-TTg was issued on May 6, 2014, the country has zoned off 48 national areas of mineral reserves with 10 kinds of important minerals.

The areas included 23 areas of titanium reserves, four areas of white sand, four areas of iron-laterite, and six areas of coal reserves. Many of them are located along the coast, with favourable conditions for socio-economic development projects such as tourism, wind and solar power, and industrial parks.

Many localities, for example central provinces of Binh Thuan and Ninh Thuan, have proposed that the Prime Minister, ministries and agencies to allow the implementation of development projects on the surface of areas of mineral reserves.

Binh Thuan is looking for permission for 66 investment projects for airports, solar and wind power plants and tourism, Quang Nam has proposed 16 projects and the Central Highland province of Dak Lak 10 projects.

Legal problems hinder investment projects on surface of mineral reserves areas ảnh 2Illustrative image (Photo: VNA) 

Urgent need for a management decree

The Ministry of Natural Resources and Environment, however, said Decision 645/QD-TTg only stipulated on the designation of areas of mineral reserves. It provided no rules for investment projects on the surface of those areas.

The decision neither mentioned the time limit for the mineral reserves, nor conditions for investment projects on the reserves’ surface, the responsibility to protect unexploited mineral reserves of local administrations and related organisations and individuals when investing in development projects.

The Investment Law and the Land Law regulate the duration of operation and area of land of surface development projects, but they contain no detailed stipulations on projects on land with mineral reserves beneath.

Therefore, to create legal foundations for the management and protection of unexploited minerals while facilitating the implementation of development projects on the surface of national areas of mineral reserves, the Ministry of Natural Resources and Environment is of the view that it is necessary to promulgate a decree on managing national areas of mineral reserves with regulations on development projects on the surface of such areas, so as to optimize the country’s land and mineral resources.

Article 80 of the Law on Minerals stipulates that the Government is in charge of State management of minerals”; and Article 86 of this law says “The Government shall stipulate in details and guide the implementation of articles, clauses in this law, give guidance on other necessary contents of this law to meet requirements of State management.”

Clause 2 of Article 19 in the 2015 Law on Promulgation of legal Documents stipulates that the Government shall issue decrees to stipulate “..other matters under the Government’s authority.”

Legal problems hinder investment projects on surface of mineral reserves areas ảnh 3Illustrative image (Photo: VNA) 

As such, it is an urgent need to propose that the Government consider and allow the drafting of a decree on the management of minerals at national areas of mineral reserves, according to the Ministry of Natural Resources and Environment.

Safety must be ensured

At the same time, the Ministry underlined that development projects on the surface of mineral reserves areas must ensure safety and national mineral security; effectively use land, protect unexploited minerals in such areas and adhere to the Investment Law, Law on Public Investment, Land Law, Mineral Law, Law on Planning and other relevant regulations.

The operation duration of such projects must not extend beyond the remaining time limit of the mineral reserves within the approved areas at the time the projects are approved.

During the process of implementing development projects, investors have the responsibility to preserve unexploited minerals beneath the area of the projects.

In case the Prime Minister adjusts the acreage or the time limit of the mineral reserves to serve defence, security or especially important socio-economic development projects, investors of development projects on the surface of mineral reserves will receive compensation in accordance with the law./.

VNA

See more

Vietnamese Ambassador to Laos Nguyen Minh Tam addresses the seminar (Photo: VNA)

Vietnam, Laos hold cross-border e-commerce seminar in Vientiane

Representatives from Vietnam and Laos emphasised the essential role of digital platforms, which are seen as the backbone of the e-commerce ecosystem. They also highlighted the significance of infrastructure in facilitating the smooth transport of goods between the two countries.

Sock production line for export at SUNJIN AT&C VINA Co., Ltd., Chan May - Lang Co economic zone, Hue city. (Photo: VNA)

Transparent business environment appealing to foreign investors

During the first half of 2025, the total registered FDI reached 21.51 billion USD, up 32.6% year-over-year. This includes 9.3 billion USD in new investments, down 9.6%; 8.95 billion USD in additional capital for existing projects, a 2.2-fold increase; and 3.28 billion USD through capital contributions and share purchases, up 73.6%.

Deputy Minister of Science and Technology Pham Duc Long meets with Google’s Vice President for Emerging Markets Doron Avni in Hanoi on July 17. ( VGP Photo)

MoST partners with Google to explore digital transformation, AI, SMEs

The two sides agreed to establish a joint task force to formalise their collaboration, with a strong focus on quantum technology, a strategic frontier of the digital age, and AI-powered solutions to help Vietnamese SMEs enhance their competitiveness and modernise their operations.

VBAB Chairman Nguyen Thanh Vinh (left) meets with a Belgium business representative. (Photo: VNA)

Business network helps connect Vietnam with Belgium, EU markets

As Vietnam accelerates green and digital transition, the Vietnam Business Association in Belgium (VBAB) is prioritising connections with capable Belgian partners in clean energy, particularly hydrogen and renewable energy, and smart seaport planning.

Kim Long Motor's passenger bus assembly line. (Photo of Kim Long Motor)

Kim Long Motor Hue multiplies investment sixfold

The company’s decision to inject an additional 21 trillion VND (804 million USD) into the project not only reflects its ambition to scale up operations but also signals a strategic shift towards exports and integration into global supply chains.

Hanoi’s key industries given priority to drive growth

Hanoi’s key industries given priority to drive growth

Hanoi is implementing a series of breakthrough plans, ranging from attracting investment and developing high-tech products to facilitating businesses’ global expansion, with a goal of transforming it into the country’s leading hub for key industries and supporting industries.

At the signing ceremony for the partnership between Becamex Binh Duong and IFC in HCM City on July 16, 2025.

Becamex, IFC advance green industrial park model in Vietnam

Under the cooperation agreement signed on July 16, the International Finance Corporation (IFC) will support Becamex IDC in conducting preliminary assessments for up to five industrial parks using the Global Eco-Industrial Parks Programme (GEIPP) certification framework.

The seminar on strengthening banking risk management capacity. (Photo: VNA)

Central bank to assess compliance of banks in risk management

The SBV has so far issued a system of documents guiding the implementation of Basel, such as Circular 41/2016/TT-NHNN regulating the capital adequacy ratio for banks and foreign bank branches and Circular 13/2018/TT-NHNN regulating the internal control system of commercial banks and foreign bank branches. MB highly appreciates the SBV’s system of legal documents.

Fuel prices see slight dip from July 17 (Photo: VNA)

Fuel prices fall slightly from July 17

Retail fuel prices in Vietnam have seen a slight decrease as of 15:00 of July 17, following a decision by the Ministry of Industry and Trade and the Ministry of Finance.

ietnamese Ambassador to France Dinh Toan Thang (L) and Vincent Laudat, President of CCI Normandie (Photo: VNA)

Vietnam fosters comprehensive cooperation with France's Normandy region

This diverse cooperation, spanning from sports to nuclear energy and high-tech, reflects the immense potential of the Vietnam-France comprehensive strategic partnership. Normandy's strengths align well with Vietnam's goal of becoming a modern industrial nation by 2045, solidifying its role as a strategic partner in the Asia-Pacific region.