Public Investment Management in Vietnam : Assessment and Reform Priorities for Overcoming the Bottlenecks.

Format:

Book

Government document

Author/Creator:

World Bank Group.

Series:

Public Investment Review.

World Bank e-Library.

Public Investment Review

Language:

English

Subjects (All):

Monitoring and Evaluation.

Local Subjects:

Monitoring and Evaluation.

Other Title:

Public Investment Management in Vietnam

Place of Publication:

Washington, D.C. : The World Bank, 2018.

System Details:

data file

Summary:

Vietnam's on-going reform program places emphasis on improving the efficiency of public investment in order to boost the country's economic performance, which remains highly dependent on factor accumulation. Despite the improvements introduced by the government in recent years, including the issuance of the public investment law, progress in restructuring of public investment has been slow and mostly focuses on cleaning up of the existing fragmented portfolio. A major factor behind the slow progress of restructuring public investment is the lack of a well-designed reform program with clear specific objectives and priorities. Against this background, the Ministry of Planning and Investment (MPI) requested the World Bank to undertake a diagnostic assessment of Vietnam's public investment management (PIM) system in order to identify weaknesses compared to good practice models, determine priorities for reform and make specific recommendations on actions over the short, medium and long term. This framework analyzes the presence and quality of institutional arrangements required to support the performance of eight must-have functionalities across the project and capital budgeting cycles, thus enabling a robust assessment against good international practice.