ONLY ENTERPRISES ALLOWED TO DO COAL BUSINESS
On July 15, 2013, the Ministry of Industry and Trade issued the Circular No. 14/2013/TT-BCT promulgating coal trading conditions.
At this Circular, there are some compulsory conditions for coal business, within that, only enterprises are allowed to do coal trading; enterprises doing coal trading must be established and operated in accordance with provisions in the Law on Enterprise, have the Business Registration Certificate including coal trading in the business lines and enterprises are only allowed to do business for coal with legal origins. At the same time, enterprises doing coal trading must follow all conditions as follows depending on single business activities such as own or lease business places transportation means, bulk means, warehouse, means for lifting and measuring coal quantity for business activities and satisfy all requirements on technique, security, environmental sanitation, explosion protection in accordance with current provisions; transportation means must be equipped with protection screen from dust, scatters and ensure all requirements on environmental protection in traffic or place, position of port and station for exporting or importing coal must be suitable with local port planning with coal warehouse, bulk equipments to the transportation means with environmental security and protection and so on.
This Circular takes effect on December 01, 2013 and replaces the Circular No. 04/2007/TT-BCT dated October 22, 2007.
