$5 million project launched to enhance oversight role of Viet Nam’s elected bodiesAug 21, 2009
HA NOI - The United Nations Development Programme (UNDP) and the National Assembly Committee on Finance and Budgetary Affairs (CFBA) announced today a four-year project that will provide US$ 5.2 million to enhance the public finance and budget oversight capacities of Viet Nam’s National Assembly and its People’s Councils at local levels.
The project aims to help the Assembly and the Councils play a full role in the country’s budget decision-making, oversight and fiscal transparency processes. The focus will be on improving the methods and quality of budget decisions and oversight, and increasing participation of people and the business community in economic and budgetary decision- making processes.
Mr. Phung Quoc Hien, Chairman of the Committee on Finance and Budget Affairs, said that, “UNDP’s positive and effective support to the Assembly and the Councils has created a significant change in the ability of deputies in deciding and overseeing central and provincial revenue and spending. This positive change has made considerable contributions to boosting public finance reform in Viet Nam, and enhancing the role and position of elected bodies in the state agency system.”
The project will be executed by the Committee on Finance and Budget Affairs in collaboration with the National Assembly’s Ethnic Council and the Committee on Economics, Ministry of Finance, Ministry of Planning and Investment, State Audit of Viet Nam and People’s Councils in 20 pilot provinces and cities.
UNDP Country Director Setsuko Yamazaki emphasized the important role of people’s elected bodies in the budgetary process: “It is our hope that the project we are launching today will further enhance the National Assembly’s capacities to perform some of its most critical functions: to monitor budgetary allocations, to ensure that spending reflects human- centered national development goals, and to support rigorously informed macro-economic
and social policies.”
UNDP has been supporting the Committee on Finance and Budget Affairs (formerly called the Committee on Economic and Budget Affairs) since 2003, helping to build the skills of deputies in budget examination and analysis and enhancing the quality of financial information by the government to the National Assembly.
Contact informationMr. Nguyen Hoang Anh, Project Manager, email@example.com
Ms. Marcia Monge, Joint Senior Technical Advisor, firstname.lastname@example.org