The Ministry of Agriculture and Environment has publicly announced a plan to auction mineral extraction rights in unexplored areas for nine fill soil mines across districts of the northern mountainous province of Hoa Binh.
According to a decision by the Provincial People's Committee, the auction will serve as a basis for determining reserves, approving project investment policies, and granting mineral activity licenses in accordance with regulations.
The initiative aims to ensure the rational and economical management, exploitation, and use of resources, address the demand for fill material for construction projects, and eliminate illegal extraction stemming from shortages in fill material supply.
The auction of extraction rights is expected to unlock the province’s mineral potential, attract investment in efficient exploration and exploitation, enhance economic efficiency, and increase State budget revenue, contributing to the goal of achieving double-digit growth during the 2026–2030 period.
The Provincial People's Committee mandates that mineral mines selected for auction must align with approved mineral exploration, exploitation, processing, and utilization plans and meet the criteria outlined in Article 78 of the Mineral Law.
The plan specifies that auction dossiers will be completed in the second quarter of 2025, with the auction scheduled for the third quarter of the same year.