MPs and Experts Discuss the Role of Legislature in Public Finance

14 Oct 2005

NHA TRANG -- Representatives from the Vietnamese Legislature and parliamentary specialists from 12 countries gathered in Nha Trang today in a two-day forum on the oversight of public finance organized by the National Assembly with the support of the United Nations Development Programme (UNDP).

Over 50 Vietnamese MPs and People’s Council deputies will share practical experiences with their counterparts from Europe, North America, Africa, and the Asia Pacific region. With many different parliamentary traditions and structures represented, the forum will tackle the oversight role of legislature in public finance.

“Executive agencies must be held accountable for money collected from tax payers to ensure that it is well-spent on public services that are effective, transparent and benefit all people,” said UN Resident Coordinator and UNDP Resident Representative, Jordan Ryan. “This forum is an excellent way to learn directly how other countries administer and monitor public finance.”

With the on-going efforts in  public financial reform in Viet Nam to improve transparency and accountability in the handling of public monies, elected bodies at the central and local levels are faced with more powers and responsibilities than ever before.

“The National Assembly (NA) has been completing legal and institutional frameworks for oversight activities and has introduced several laws in this area,” said Nguyen Duc Kien, Chair of the Committee on Economic and Budgetary Affairs (CEBA) of the National Assembly of Viet Nam. “An opportunity like this, to share experiences and to network with parliamentarians and specialists from all over the world, is invaluable as we integrate more into the regional and world economies.”

Since early 2003, Viet Nam has been working in partnership with UNDP, the UK Department for International Development (DFID) and the Canadian International Development Agency (CIDA) to enhance the capacity of elected bodies at the national and local levels. This is a key activity of the five-year program and comes at an important time as Viet Nam nears WTO accession.

A set of proceedings featuring a summary of major issues discussed and recommendations will be made available shortly after the event. Contact: Mr. Trinh Tien Dung, Assistant Res. Representative trinh.tien.dung@undp.org and/or Mr. Nguyen Hoang Anh, Project Manager, vie02008.vn@undp.org.

Contact Information

Nguyen Viet Lan, UNDP Media and Publications Unit
(84-4) 942-1495 ext.186 nguyen.viet.lan@undp.org