The Hung Vuong Mineral Joint Stock Company has a several of tax policy proposals including:

1. Recommendation on reducing the export tax of Truong Thach (Feldspat) from 10% to 5% as stone powder goods (HS Code 2517490010).

2. Recommendation on reducing export tax of refined Kaolin that has been processed deeply from 10% to 5%.

3. Recommendations on reducing 20% of the price for calculating natural resources for the products of Kaolin and Feldspat. Because at present, the price of petrol and electricity has increased, leading to the increase in freight rates. The average cost for officials and employees is also higher than before. This has caused many difficulties for businesses trading mineral resources.

4. Recommendation on uniform price for calculating royalties for all businesses across the country. The reason our company proposed this to avoid the following negative cases.

- Provincial People's Committee self-assesses resources that will cause cases that domestic enterprises competing with themselves.

- Resources in a province that are priced lower will result in a case of faster full exploitation, resulting a waste of resources and significant decline in the value of the resource.

5. Recommendation on exemption and re-inspection of Kaolin and Feldspat items when successfully inspected in the first mandatory. The reason for proposing this idea is that the re-inspection of this item is quite expensive (transportation fee, freight inspection fee, etc.) and also takes time causing difficulties for businesses. Meanwhile, Kaolin and Feldspat items are not high value items, averaging from VND 1,000,000 to VND 2,000,000.