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Viet Nam - A Guide for Business and Investment - asean-korea centre

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The Bach Ho’s center oil rig3. Natural Resources<strong>Viet</strong> <strong>Nam</strong> has considerable energy resources such as oil, gas <strong>and</strong> coal <strong>and</strong> its 41,000 km long waterways providethe basis <strong>for</strong> hydropower. The country is rich in minerals such as bauxite, iron ore, lead, gold, preciousstones, tin, chromate, anthracite, granite, marble, clay, white s<strong>and</strong> <strong>and</strong> graphite. In addition, <strong>Viet</strong> <strong>Nam</strong> has aconsiderable fresh <strong>and</strong> saltwater fauna, dense tropical <strong>for</strong>estry resources <strong>and</strong> it possesses great agriculturalpotential.4. Political Structure<strong>Viet</strong> <strong>Nam</strong> is a socialist country operating under the leadership of the Communist Party. A nation-wide congress(“National Congress”) of <strong>Viet</strong> <strong>Nam</strong>’s Communist Party is held every five years determining the country’sorientation <strong>and</strong> strategies <strong>and</strong> adopting its chief policies on solutions <strong>for</strong> socio-economic development. TheNational Congress elects the Central Committee which in turn elects the Politburo.National AssemblyThe National Assembly is the highest law-making The St<strong>and</strong>ing Committee of the National Assemblybody in the country. It comprises delegates who are is the permanent executive body of the National Assembly.Its principal functions are the interpretationelected <strong>for</strong> a five-year term from various strata ofpeople <strong>and</strong> different ethnic groups from all around of the Constitution, Laws <strong>and</strong> Ordinances, the controlthe country. The National Assembly is both the supremestate authority <strong>and</strong> the unique legislative activity of the Government, the Supreme People’sof their implementation <strong>and</strong> the supervision of thebody <strong>and</strong> has the power to promulgate <strong>and</strong> amend Court <strong>and</strong> the Supreme People’s Procuracy.the Constitution <strong>and</strong> Laws. The National Assemblymeets twice yearly.PART I. VIET NAM: COUNTRY AND PEOPLE<strong>Viet</strong> <strong>Nam</strong> - A <strong>Guide</strong> <strong>for</strong> <strong>Business</strong> <strong>and</strong> <strong>Investment</strong>

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