Countries implementing EITI disclose information on tax payments, licenses, contracts, production and other key elements around resource extraction. “Việt Nam has approached EITI since 2007; however, after 10 years we have yet to make any commitment to the initiative. Việt Nam needs to accelerate joining the EITI,” Thủy stressed. The involvement of Việt Nam in EITI will contribute to eliminating tax evasion in resource extraction and help better manage minerals through transparent licenses, production and budget collection, she added. Đậu Anh Tuấn, head of the Legal Department at the Việt Nam Chamber of Commerce and Industry, affirmed, “Việt Nam can fully implement EITI.

Source: Viet Nam News September 14, 2016 10:07 UTC