Phuoc Son Gold resumes operation

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Báo Đầu Tư English 3 month(s) ago

Phuoc Son Gold resumes operation

On August 17, Phuoc Son Gold Company Ltd. (Phuoc Son Gold), managed by Canadian Besra Inc.’s Vietnamese subsidiary, has restarted the operation of its Dak Sa gold mine, thanks to Viet A Bank taking hold of 35 per cent of the company’s shares as debt payment.

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Authorities struggle to collect gold mine taxes

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Báo Dân Trí English 5 month(s) ago

Authorities struggle to collect gold mine taxes

Despite the authorities suspending operations and freezing bank accounts, they have still proved unable to collect VND434bn (USD19.7m) in back taxes from two gold mines in Quang Nam Province.

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Vietnam revokes license of Canadian gold miner over back taxes

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Báo Thanh Niên English 5 month(s) ago

Vietnam revokes license of Canadian gold miner over back taxes

Authorities in the central province of Quang Nam have revoked the license of a Canadian-owned gold miner, after it failed to pay more than VND334 billion (US$14.77 million) in back taxes, local media reported on Tuesday.

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Phuoc Son Gold sees business registration certificate revoked

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Báo Đầu Tư English 5 month(s) ago 1 related news

Phuoc Son Gold sees business registration certificate revoked

The business registration certificate of Phuoc Son Gold Company Ltd. (Phuoc Son Gold), managed by Canadian Besra Inc.’s Vietnamese subsidiary, has been withdrawn, due to its delay in paying VND334 billion ($14.96 billion) in tax arrears.

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Quang Nam proposes to suspend operations of Besra Vietnam

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Báo Đầu Tư English 6 month(s) ago

Quang Nam proposes to suspend operations of Besra Vietnam

The Quang Nam Tax Department has proposed the relevant government authorities to revoke the investment certificate of Besra Vietnam’s two gold mines under Phuoc Son Gold Company Ltd. (PSGC) and Bong Mieu Gold Mining Company Ltd. (BMGMC), due to their long delay in paying VND430.7 billion ($19.3 million) in taxes.

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Gold miner Besra Vietnam suffers massive losses

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Báo Đầu Tư English 6 month(s) ago

Gold miner Besra Vietnam suffers massive losses

Canadian Besra Inc.’s Besra Vietnam, the operator of two gold mines in the central province of Quang Nam, namely Phuoc Son Gold Company Ltd. (PSGC) and Bong Mieu Gold Mining Company Ltd. (BMGMC), has suffered a loss of over VND1 trillion ($44.7 million) with a short-term debt volume of VND2.5 trillion ($111.7 million).

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Ministry may let Besra dig a bigger tax hole

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Báo Đầu Tư English 8 month(s) ago

Ministry may let Besra dig a bigger tax hole

The Ministry of Natural Resources and Environment may be pressured into renewing the exploration licence for debtor Besra Group’s Bong Mieu gold mine, as the licence is set to expire this year.

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Vietnam struggles to collect huge taxes from Canadian gold miner

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Báo Thanh Niên English 8 month(s) ago

Vietnam struggles to collect huge taxes from Canadian gold miner

Authorities in the central province of Quang Nam are still struggling to collect the back taxes of a Canadian-owned gold mining company, even after many punitive measures they have imposed since 2014.

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To export 400kg of gold, gold firms must pay tax debts

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VietnamNet English 13 month(s) ago 1 related news

To export 400kg of gold, gold firms must pay tax debts

VietNamNet Bridge – The two gold mining plants of Bong Mieu and Phuoc Son have to pay nearly VND400 billion (nearly $20 million) of tax debts before being licensed to export gold, said a Government official at a government press conference last week.

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Vietnam blocks exports by foreign gold miner over huge back taxes

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Báo Thanh Niên English 13 month(s) ago 1 related news

Vietnam blocks exports by foreign gold miner over huge back taxes

Bong Mieu gold mill in the central province of Quang Nam. Photo credit: VnExpress

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Will Besra, a tax debtor, be allowed to export gold?

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VietnamNet English 14 month(s) ago

Will Besra, a tax debtor, be allowed to export gold?

VietNamNet Bridge - Though having not paid VND400 billion in tax, the two gold mining companies run by Besra Group in Quang Nam province may still be allowed to export nearly 400 kilos of gold.

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Health Ministry tightens control over diphtheria

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SaiGon GP English 14 month(s) ago 1 related news

As outbreaks of diphtheria have occurred in Laos, Vietnamese Ministry of Health has warned about the risk of diphtheria outbreaks spreading from Laos through the border areas into the country.

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Ministry warns of risk of diphtheria outbreak

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VOV News English 14 month(s) ago 1 duplicate news 1 related news

Ministry warns of risk of diphtheria outbreak

The Ministry of Health has warned about the risk of diphtheria outbreaks spreading from Laos through the border area into Vietnam.

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Quang Nam wants to revoke Besra’s investment license

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VietnamNet English 14 month(s) ago

Quang Nam wants to revoke Besra’s investment license

VietNamNet Bridge - Provincial authorities have not been able to revoke the investment certificate granted to the Canadian gold miner Besra because of administrative procedures, according to the Le Phuoc Hoai Bao, Director of the Quang Nam provincial Planning and Investment Department.

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Canadian gold mining firm could lose license over $13 mln tax debt

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Báo Thanh Niên English 15 month(s) ago

Canadian gold mining firm could lose license over $13 mln tax debt

Tax officials in Quang Nam Province Wednesday said they have recommended that the provincial government should cancel the license of a Canadian gold producer who owes more than VND296 billion (US$13.1 million) in taxes since last year.

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