Vietnam : PIM in a New Market Economy

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dc.creatorDoan, Quang Hong
dc.creatorLe, Tuan Minh
dc.creatorNguyen, Duong Anh
dc.date2014-12-31T15:28:49Z
dc.date2014-12-31T15:28:49Z
dc.date2014
dc.date.accessioned2026-07-01T00:57:09Z
dc.descriptionOver the last two decades, Vietnam has made notable progress in reforming management of public investment. The legal framework on public investment management (PIM) has been continuously improved, covering the entire project management cycle. Management of public investment projects still faces several major challenges. The objectives in development strategies and plans are excessively broad and vague, which undermines quality of preliminary screening. The analysis of the study suggests some priorities for PIM reforms. First, the legal framework has to be further strengthened to alleviate the existing fragmentation, duplication, and lack of uniformity of the laws and legislation. Second, decentralization of PIM should be accompanied by measures to increase responsibility and accountability of local governments and line ministries, and to improve their capacity and coordination, particularly in appraisal and monitoring. Third, the approach to monitoring and evaluation (M and E) should be results based, which requires a mechanism to effectively tie in project output and progress with responsibility of agencies in charge of PIM and to enhance participation of the community organizations. Fourth, Vietnam needs to improve statistical system to allow for adequate analysis of public investment and, related to it, adopt realistic and feasible indicators of PIM efficiency to facilitate M and E and ex post project evaluation.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2014/01/23068847/vietnam--pim-new-market-economy
dc.identifierhttps://hdl.handle.net/10986/21044
dc.identifierhttps://doi.org/10.1596/21044
dc.identifier.urihttp://hdl.handle.net/123456789/413423
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectAFFORDABILITY
dc.subjectAGRICULTURE
dc.subjectASSETS
dc.subjectAUCTION
dc.subjectBANKS
dc.subjectBID
dc.subjectBIDDING
dc.subjectBOND
dc.subjectBONDS
dc.subjectBUDGETING
dc.subjectCREDITS
dc.subjectDECENTRALIZATION
dc.subjectDEFICITS
dc.subjectDISCLOSURE
dc.subjectEQUIPMENT
dc.subjectEXPENDITURES
dc.subjectEXPLOITATION
dc.subjectGDP
dc.subjectGOVERNMENT CREDITS
dc.subjectINEFFICIENCY
dc.subjectINFLATION
dc.subjectINVESTMENT MANAGEMENT
dc.subjectISSUANCE
dc.subjectLOAN
dc.subjectMARKET ECONOMY
dc.subjectNEW MARKET
dc.subjectPEOPLES
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC#INVESTMENT
dc.subjectRECESSION
dc.subjectSOVEREIGN BONDS
dc.subjectTAX
dc.subjectTELECOMMUNICATIONS
dc.subjectTENDERING
dc.subjectTRANSPARENCY
dc.subjectWTO
dc.titleVietnam : PIM in a New Market Economy

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