WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Investment / News
Experts hone new ODA skills
Vov/Hanoitimes 10:56, 2014/04/08
The oversight and effective management of official development assistance (ODA) on projects is vitally important to the socio-economic development of Vietnam, requiring highly trained inspectors.

At a conference on ODA-funded projects held in Hanoi on April 7 participants discussed procedures for effectively resolving issues related to corruption in the bidding process, and dealing with contractors’ complaints, inspection rights, and auditing bidding profiles among others.
 

 

Speakers pointed out that it is not easy to detect fraud, particularly in the bidding process, so inspectors need to have a heightened sense of awareness and if there is any indication of corruption, relevant authorities must be notified and a complete and thorough investigation undertaken.

Most importantly, those who have found to violate public trust must be strictly dealt with in order to deter others.

To raise the ODA management and supervision capacity in localities, participants, especially contractors and project managers must be cognizant of their responsibility and the importance of diligently performing their duties to avoid losses and misappropriation of ODA funds.

Other news
12:17, 2025/02/25
Vietnam eyes top 3 in investment environment in ASEAN next 2 years: Party Chief
A key objective is to trim off at least 30% of administrative procedures and cut both business costs and unofficial fees.
18:03, 2025/02/22
Vietnam attracts South Korean tech investment at SEMICON Korea 2025
The event provided a platform for Vietnam to showcase its semiconductor potential and reaffirm its commitment to developing high-tech industries and strengthening international cooperation.
16:46, 2025/02/20
Swedish group plans US$1 billion investment in Binh Dinh recycling plant
By creating a large number of jobs and promoting a green economy, the initiative is important in establishing Vietnam as a global hub for the circular textile sector.
10:52, 2025/02/13
Samsung plans to invest in AI, semiconductors in Vietnam
Vietnam will continue improving its investment environment and driving strategic breakthroughs in order to usher in a new era of economic development.
17:20, 2025/02/07
Vietnam's data center construction costs among the lowest in Asia Pacific
The country has a lot of potential to become one of the most important data markets in the region.
21:05, 2025/02/03
Bright prospects for FDI inflows into Vietnam in 2025
Market size, growth potential, low labor costs, and stable political and social conditions continue to be Vietnam’s selling points in attracting foreign investors.