Vietnam feasibility study - EITI

disclosure on their revenues and payments (Annex C).
Regarding the EITI implementation of Vietnam, before interviewing, the above stakeholders were
provided with introductory documents about the EITI. Both stakeholders mentioned above were
asked about the opportunities and challenges in strengthening transparency and accountability in
the extractive industry. Then they were asked whether Vietnam should implement the EITI or not
(Annex d). The semi-structured questionnaire focused on the following issues:
(i) transparency and accountability in the extractive industry
The interviewees were asked about their awareness/opinion about the transparency level of the
extractive industry in Vietnam. Key matters such as the promulgation of related information about
licensing, budget receipts and expenses, the participation of the civil organizations and local
community people were discussed. Furthermore, to enhance transparency and accountability in the
extractive industry, the interviewees were requested to assess opportunities and challenges in the
context of Vietnam.
(ii) opinion about the eItI implementation in Vietnam
The interviewees were asked about whether Vietnam should implement the EITI or not and, if yes, what
would be the challenges and barriers that Vietnam will face. If Vietnam signed up to the EITI, which
entities should be engaged in this program and who would be the coordinator of the EITI program.
Moreover, which companies should be required to be involved in the EITI (based on the amount of
their payment to the state and on the type of minerals).
Furthermore, to have more opinions on the extractive companies, a questionnaire was sent to 17
extractive companies across the country (Annex e). The questionnaire focused on the following issues
(Annex F):
• Payments of the company (taxes, fees, commitments to the local area, social responsibilities);
• Difficulties and challenges in the performance of financial obligations;
• Information disclosure of the company;
• Auditing activity; and
• Opinions about EITI implementation in Vietnam
III.2 - sTuDY resulTs
III.2.1 The payment and allocation of revenues in mining
a. Payment to the budget
This study focuses on the main receipts from mining activities, such as fees for the purchase or use
of information, money refunded for the fee of exploration using capital from state budget, and the
natural resources tax and environmental protection fees. All of the interviewed representatives of
the companies said they have fully performed financial obligations of the company to the state in
compliance with the provisions of applicable laws. Almost none have faced any significant difficulty
in carrying out related financial obligations. Fees, charges and taxes have been paid to the local
treasuries by fund transfers. The following is an example about payments of PT.Vietmindo Energitama
Company 3 (Table 9).
*3: Vietmindo Energitama is a 100% owned by Indonesia under the investment cooperation between the Governments of Vietnam
and Indonesia.
The Extractive Industries Transparency Initiative and the Implementation Perspective of Vietnam
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