Vietnam feasibility study - EITI

To date, there are 35 EITI implementing countries around the world. Of these, 24 are candidates and 11
are EITI compliant, including Azerbaijan, Mongolia, Liberia, Timor Lester, Norway, and Ghana (Figure
5). Furthermore, four countries, including Equatorial Guinea, Ukraine, Ethiopia, and Sao Tome and
Principe, have announced their intention of implementing the EITI.
The EITI is also widely supported by extractive companies and civil society organizations. So far,
there are 50 top international extractive companies participating, such as Alcoa and BHP Billiton; and
hundreds of civil society organizations and mining associations, such as Revenue Watch Institute,
Oxfam, Open Society Institute, and the American Petroleum Association. The EU Commission, the
Africa Commission, the World Bank and the ADB have also actively participated or supported this
Initiative (http://eiti.org).
Figure 5. The EITI implementing countries
At the 5 th EITI Global Conference held in March 2011 in Paris, France, around 900 participants from 70
countries attended. Of these, there were six presidents, some ministers, a dozen of CEOs of extractive
corporations and international financial institutions, and representatives of civil society organizations.
In the framework of the conference, representatives of the governments of Great Britain, Belgium, the
US and France; financial institutions (viz., World Bank and ADB); and extractive corporations (viz., Shell
and BP) all strongly expressed their support for the EITI, as well as their commitment to promoting the
EITI around the world.
Recently, China also showed some positive attitude towards the EITI by supporting the UN General
Assembly Resolution to promote transparency among all Member States. Moreover, Chinese extractive
companies in some countries like Mongolia, Nigeria, Gabon and Kazakhstan have been reported
under the EITI’s principles (Paris, 2009). Not only does China, but also the G20 nations expressed their
encouragement to participate the EITI in Pittsburgh, USA, in 2009 (US. Government, 2009).
In Southeast Asia, after Timor-Leste, Indonesia is the second country to sign up to the EITI by the
President’s decision on April 2010. It was accepted as an EITI candidate in October 2010. Some other
countries such as Cambodia and Malaysia have received technical support from the EITI supporting
organizations, such as the Revenue Watch Institute and the EITI Secretariat.
This initiative has been brought to Vietnam since 2006 through various channels. Introducing the
The Extractive Industries Transparency Initiative and the Implementation Perspective of Vietnam
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