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Vietnam Industry and Trade News Bulletin for JANUARY 15, 2016
A. OUTSTANDING GENERAL ECONOMIC NEWS 1. Budget Transparency and Administrative Reforms • Low Budget Transparency: Vietnam scored only 18 out of 100 on the Open Budget Index, significantly lower than the global average of 45,. The country is ranked in the lowest group, characterized by providing “little” or “no” public budget information. • Tax and Customs Reform: The Ministry of Finance aims to reduce at least 10% of tax administrative procedures and simplify 20% of…