Nearly 8000 Mining Rigs to be Imported
The Ho Chi Minh City (HMC) Customs Department has revealed the number of mining rigs which are on the list to be imported during the first three weeks of January.
Nguyen Thanh Tuyen, the deputy director of the customs department, told the HMC Law Department on January 24 that between 23 and January 1, a total of 7,932 mining rigs are currently waiting to become customs-cleared, Tuoi Tre reported. He added that the total value of these rigs is”almost $12.3 million…[and] the amount of tax paid to the [city’s] funding is almost 28 billion dong [~$1.23 million].” Tianphong elaborated:
Currently, the purchase price of mining rigs that are bitcoin is rather high, from 70 to 80 million [VND]; some areas [sell them for] up to 100 million [VND] per machine.
The book noted that many mining rigs are imported from China, including that they cost roughly 20-25 million dong each but were sold dong each in 2016. By mid-2017,”the amount of mining rigs increased to VND 45-60 million per machine and at present, although the price of bitcoin decreased, the price of mining rigs still increased to VND 80-90 million per machine,” the publication added.
News and bitcoin gambling and casino games.Bitcoin. Com reported that a total of 7,005 known mining rigs were imported in 2017. Most of them, 5,527 rigs, were imported between November and December 21. Only 1,478 rigs were declared entering the country between January 1 and October 31 of last year, according to the HMC Customs Department.
No Regulations Nevertheless
Tuyen explained that mining rig imports and mining operations in the city are”still normal since there are no regulations for the import of these goods,” Tianphong quoted him. Presently,”the State Bank has verified that bitcoin and other similar virtual currencies aren’t legal way of payment in Vietnam” and residents using them as such”will be fined 150-200 million [VND], and may be subject to criminal prosecution from January 1, 2018,” the novel emphasized.
Nguyen Hoang Minh, deputy manager of the State Bank’s HMC branch, was quoted saying:
Currency generally, and are not legal means of payment under the law that is Vietnamese and bitcoin and litecoin in particular, are not currencies.
What do you think about this Vietnamese mining industry growing so fast? Let us know in the comments section below.
Images courtesy of Shutterstock.
Have to compute your bitcoin holdings? Check our tools section.