Vietnam aims for EITI participation

摘要

VIETNAM'S Government aims to participate in the Extractive Industries Transparency Initiative (EITI) by the end of 2015 because it is seen as a way to improve the efficiency of mineral resource governance and ensure a harmonized benefit to people, enterprises and the State. EITI, launched by former British Prime Minister Tony Blair in 2002, is based on a mechanism that mining companies must make comprehensive reports on expenditure for governments, while governments must publicise the revenue it receives from the companies, and an independent agency then compares the data. As of May 2013, there were 39 countries taking part in the initiative.