The Vietnam Chamber of Commerce and Industry (VCCI) has pointed out shortcomings in the operation of the Disaster Risks Prevention Fund. illustrative image The fund was set up in accordance with the Law on Natural Disaster Prevention and Control and Resolution 94 issued in 2014. However, after five years, VCCI has received many feedbacks about its shortcomings. For example, some firms have contributed hundreds of millions of VND to the fund for the company and for their employees. Meanwhile, other firms do not have to follow such regulations for no clear reasons. Several firms complained that the fund is not transparent and they do not know how their money is managed. As of June 25, the total collected money reached VND2.36trn (USD101m), of which VND826bn was collected in 2018. Lai Chau and Quang Binh provinces still have not established their own funds and eight provinces do not collect money. The government could collect up to VND5.8trn last year but the real total was only VND826bn. According to VCCI, only VND920bn (USD39m) has been used in the past year while over VND1.4trn is still lying idle which is a huge waste. It is shown that seven provinces only collected money and… Read full this story
- Bad Credit Loans - If Bad Credit is Preventing Funds From Coming
- Unsecured Loans Online - Attain Risk Free Funds Conveniently
- Unsecured Personal Loans - Collateral Free Way to Derive Risk Free Funds
- Canine Urinary Tract Infection - Risks, Prevention and Treatments
- Basic Mutual Fund Investment Guide
- Countering a Widening Array of Disasters
- Business Planning - Five Fire Prevention Tips
- Types of Disaster Recovery Solutions
- Disaster Recovery Planning and Network Services Continuity
- How to Choose a Disaster Recovery Service
Disaster Risks Prevention Fund criticised as ineffective have 298 words, post on dtinews.vn at August 19, 2019. This is cached page on VietNam Breaking News. If you want remove this page, please contact us.
