Deputy Finance Minister Tran Xuan Ha, French Ambassador to Vietnam Jean-François Girault and Director of the French Development Agency (AFD) Alain Henry on March 29 in Hanoi jointly inked a credit agreement, worth of €100 million, to implement the Public Investment Reform Program in Vietnam.
|
|
|
The representatives of the Vietnamese Ministry of Finance, the French Embassy in Vietnam and the AFD sign financial assistance agreement for the Public Investment Reform Program in Vietnam, Hanoi, March 29, 2010
|
Together with another US $500 million credit agreement, offered by the World Bank on December 30, the new pact will facilitate public investment reform in the Southeast Asian country.
As planned, the Public Investment Reform Program will help to create the foundation for a full legal framework for the effective management of public investment, improve transparency in supervising and assessing projects, and support the public-private partnership.
Prioritized areas under the reform program include infrastructure, environmental management, project supervision, public financial management, and regulatory framework for private participation in infrastructure investment.