The
Vietnam Chamber of Commerce and Industry (VCCI) and the Consultancy on
Development Institute (CODE) has announced a study named, “Extractive
Industries Transparency Initiative (EITI) and Vietnam 's Ability to Participate
in the Initiative”.
Apart from supervising current documents and
policies of the State and collecting other information and expert consultancy
in this field, the study publicised its direct interviews with representatives
from 21 state management agencies and several enterprises which operate in
developing mineral resources and oil and gas.
It also sent questionnaires to 16 other
businesses to collect their information and opinion on participating in EITI.
Under the study, Vietnam has built an adequate
document system of legal procedures on mining activities and oil and gas
exploitation. However, it also showed that there are gaps between legal
regulations and reality in management works, between content of documents and
implementation of financial obligation in mining activities.
Surveyed state management agencies,
exploitation businesses and social organisations agreed that it is necessary to
further enhance transparency and information disclosure in this field.
Most related bodies such as the Ministries of
Finance, Industry and Trade, Natural Resources and Environment, the State Audit
Office and major businesses such as Vietnam National Coal Mineral Industries
Holding Corporation Limited and Vietnam National Chemical Group are expecting
Vietnam ’s participation in the EITI in order to create a more transparent
environment in the mining sector.
The study, “Extractive Industries Transparency
Initiative (EITI) and Vietnam 's Ability to Participate in the Initiative”
recommended that the EITI implementation should only be conducted in major
firms and for the fields of oil and gas, coal and titanium.
Through the study, several businesses said
that they are willing to take part in the EITI as this will benefit their
business.
The participation scope in the EITI will be
expanded to smaller enterprises and other mining activities in the near future,
when Vietnam has sufficient experience and ability in implementing the
initiative.
VNA
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