ILMENITE EXTRACTS ARE ALLOWED TO EXPORT TO THE END OF 2011
On June 14, 2011, the Government Office issued the Official Dispatch No. 3887/VPCP-KTN on titanium export.
Accordingly, the Deputy Minister approves on export regulations on ilmenite extracts and other products to the end of 2011 after balancing domestic demands. And the Ministry of Industry and Trade: presides and co-operates with People’s Committees of relevant provinces and cities, Vietnam Titanium Association directs enterprises in hastening investments in factories producing deep titanium and making production on schedule; checks each authorized enterprises in exploring titanium, who have been investing in deep production factories, having stored titanium, collecting export titanium amount and submitting to the Prime Minister for reviewing and deciding.
Titanium export tax rate complies with current legal regulations.
This Official Dispatch takes effect on signing date.