Eng English
China 中国人

Eng English
China 中国人
  • News
  • World
  • Business
  • Entertainment
  • Sports
  • Law
  • Education
  • Health
  • Lifestyle
  • Travel
  • Science
  • Digital
  • Automobiles
  • Trở lại Thể thao
  • Business
Tuesday, 23/9/2025 | 18:54 GMT+7

Da Nang quarries under scrutiny for misreported extraction volumes

Three mining companies in Da Nang underreported or falsified thousands of cubic meters of stone extraction to evade fees and taxes, according to an audit report.

An audit report released on 23/9 by Da Nang City Inspectorate revealed that three mining companies misrepresented their extraction output for 2023-2024.

Truong Ban Company (Truong Ban quarry) reported an output of over 333,000 cubic meters in 2024, but the actual extraction was nearly 334,000 cubic meters, a discrepancy of almost 1,000 cubic meters.

Last year, Quang Hung Company (Hoc Gia Hanh quarry) reported extracting nearly 37,000 cubic meters, while the actual output exceeded 41,500 cubic meters. This represents an underreporting of 4,600 cubic meters. A similar violation occurred at Mien Nam Da Nang Company (Ho Bac 3 quarry), with an underreported amount of approximately 5,700 cubic meters.

According to the Da Nang Inspectorate, the companies misreported their output to reduce natural resource taxes and environmental protection fees, violating Circular 17/2020 of the Ministry of Natural Resources and Environment (now the Ministry of Agriculture and Rural Development).

The three companies are required to pay over 270 million VND in additional fees, with Quang Hung Company owing nearly 161 million VND.

Suoi Mo II quarry, one of the four quarries inspected and found to have not calculated or paid additional fees for increased extraction output. Photo: Ngoc Truong

Suoi Mo II quarry, one of the four quarries inspected and found to have not calculated or paid additional fees for increased extraction output. Photo: Ngoc Truong

In 2024, the Da Nang People's Committee allowed some companies to increase their extraction capacity by less than 15% to support key projects. However, the increased output at Truong Ban, Suoi Mo II, Hoc Gia Hanh, and Ho Bac 3 quarries has not been accounted for, and the investors have not paid additional licensing fees as required by the 2010 Law on Minerals.

The audit also found that Truong Ban quarry removed 160,400 cubic meters of topsoil for backfilling projects, exceeding 15% of its extraction capacity without amending its license. This violates Government Decree 158/2016. The city inspectorate attributed this responsibility to the Department of Agriculture and Rural Development and related individuals.

The Da Nang City Inspectorate holds the mining companies primarily responsible for these violations, while also citing the Department of Agriculture and Rural Development and related individuals for oversight and advisory shortcomings. The involved parties are required to learn from these mistakes, submit reports, and provide documentation of budget payments as regulated.

Nguyen Dong

By VnExpress: https://vnexpress.net/hang-loat-mo-da-o-da-nang-gian-lan-khoi-luong-khai-thac-4942750.html
Tags: mineral quarries fraud audit report Da Nang economy Da Nang

News in the same category

MSC launches sea transport route connecting China with Southeast Asia

MSC launches sea transport route connecting China with Southeast Asia

Mediterranean Shipping Company (MSC) introduces a new service called Sambar, linking China with Vietnam, Thailand, and Malaysia.

Why Vietnam's stock market upgrade requires a March 2026 review

Why Vietnam's stock market upgrade requires a March 2026 review

FTSE Russell confirms Vietnam meets all criteria for an upgrade from "frontier" to "emerging market" status, but a review early next year is still required.

Two-component electricity pricing to be piloted this month

Two-component electricity pricing to be piloted this month

Two-component electricity pricing is expected to be piloted with large-consumption manufacturing customers starting in October, before official implementation next year.

Vietnam's trade surpasses 680 billion USD in 9 months

Vietnam's trade surpasses 680 billion USD in 9 months

In the first 9 months of this year, Vietnam's total merchandise export and import value reached over 680 billion USD, an increase of over 17% compared to the same period in 2024.

Automatic profit generation: a future trend

Automatic profit generation: a future trend

According to Dr. Le Xuan Nghia, automatic profit generation will become a future trend, ushering in a modern financial era where money actively works to generate returns for users.

No difficulties for citizens installing self-consumption rooftop solar power

No difficulties for citizens installing self-consumption rooftop solar power

Vice Minister Nguyen Sinh Nhat Tan affirmed that management agencies have no reason to create difficulties for citizens installing rooftop solar power for self-production and self-consumption.

Grab launches electric vehicle ride-hailing

Grab launches electric vehicle ride-hailing

Grab pilots an electric vehicle ride-hailing service in Hanoi, entering a market where Xanh SM is a dominant player.

Sa Giang announces operation of SAP Cloud ERP management system

Sa Giang announces operation of SAP Cloud ERP management system

Sa Giang Import-Export Joint Stock Company and Citek Technology Joint Stock Company announced the operation of the SAP Cloud ERP system on 1/10, aiming for sustainable development.

Dapharco fined nearly 1 billion dong for incorrect tax declarations

Dapharco fined nearly 1 billion dong for incorrect tax declarations

Da Nang Pharmaceutical and Medical Equipment Joint Stock Company (Dapharco) was fined approximately 971 million dong for a series of tax-related violations.

Europe boosts protection for its steel industry

Europe boosts protection for its steel industry

The European Commission proposes reducing duty-free steel import quotas and increasing tariffs on quantities exceeding these limits to safeguard the bloc's steel industry.

Eng English
China 中国人
  • News
  • World
  • Business
  • Entertainment
  • Sports
  • Law
  • Education
  • Health
  • Lifestyle
  • Travel
  • Science
  • Digital
  • Automobiles
FPT Tower, 10 Pham Van Bach Street, Dich Vong Ward,
Cau Giay District, Hanoi, Vietnam
Email: contacts@vnportal.net
Tel: 028 7300 9999 - Ext 8556
Advertise with us: 090 293 9644
Register
© Copyright 2025 vnnow.net. All rights reserved.
Terms of use Privacy policy Cookies