Assessment of Vietnam’s Mineral Resources Allocation from Economic and Policy Perspectives
Main Article Content
Abstract
To own a diverse and abundant mineral resources, the mining industry is therefore one of the key sectors contributing largly to Vietnam’s socio-economic development. The paper analyzes the current status of mineral resource allocation by economic sector, by period of time and the allocation of mineral revenue, and then assessing mineral resource allocation of Vietnam in the commerical and policy aspect. Based on these analysis, the paper proposes three groups of measures to support Vietnam allocate more effectively this resource including: identifying clearly and fully mineral resource allocation objectives, developing allocation policies based on market economy principles and constructing allocation policies equally, publicly and transparently.
Keywords:
Mineral resources, resource allocation, Vietnam
References
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[5] VCCI, Current performance of miniral enterprises in Vietnam, Hanoi: VCCI, 2014 (in Vietnamese).
[6] General Department of Geology and Minerals of Vietnam, Improving efficiency of state revenue in mining industry from policy reform in Vietnam, Hanoi: Ministry of Natural Resources and Environment, 2014 (in Vietnamese).
[7] VCCI, Vietnam Mining Coalition & PanNature, Applying international standards to well manage mining industry in Vietnam, Hanoi: VCCI, Vietnam Mining Coalition, 2015 (in Vietnamese).
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[15] PanNature,vReport on compliance of legal regulations on transparency in exploiting minerals, Hanoi: PanNature, 2017 (in Vietnamese).
[16] L.V. Huong, “Impacts of exploiting minerals on socio-economic lives of community in the West of Nghe An”, Journal of Earth Sciences 37 (2015) 213-221 (in Vietnamese).
[17] Detter, Dag, Folster, Stefan, The public wealth of nations: How management of public assets can boost or bust economic growth, The Hampshire, UK: Palgrave Macillan, 2015.