Evaluation contents of programs and public investment projects in Vietnam from January 1, 2025

Evaluation contents of programs and public investment projects in Vietnam from January 1, 2025​ (Image from the Internet)

Evaluation contents of programs and public investment projects in Vietnam from January 1, 2025

According to the provisions of Article 77 of the Public Investment Law 2024, the evaluation contents of public investment programs and projects in Vietnam include:

- Initial evaluation contents include:

+ Preparation, organization, and mobilization of resources to implement programs and projects to ensure the approved goals and schedule;

+ New obstacles and emerging issues compared to the time of program/project approval;

+ Proposing solutions to resolve obstacles and emerging issues in line with actual conditions.

- Mid-term or phase evaluation contents include:

+ Suitability of program/project implementation results compared to investment goals;

+ Completion level of work volume by evaluation time compared to the approved plan;

+ Proposing necessary solutions, including program/project adjustments.

- Final evaluation contents include:

+ Implementation process of the program/project: management activities during program/project implementation; achievement of program/project goals; mobilized resources; benefits provided to the beneficiaries; impacts and sustainability of the program/project;

+ Lessons learned from the program/project implementation process and proposing necessary recommendations; responsibilities of consulting organizations, managing agencies, program/project owners, those with authority to approve investment policies and decisions, and other related agencies, organizations, and individuals.

- Impact evaluation contents of the program/project include:

+ Current economic-technical operational status;

+ Economic-social impacts;

+ Environmental and ecological impacts;

+ Sustainability of the project;

+ Lessons learned from investment policies, investment decisions, implementation, operation of the program/project; responsibilities of consulting organizations, managing agencies, program/project owners, those with authority to approve investment policies and decisions, and other related agencies, organizations, and individuals.

- Ad-hoc evaluation contents include:

+ Suitability of program/project implementation results by evaluation time compared to investment goals;

+ Completion level of work volume by evaluation time compared to the approved plan;

+ Identifying unexpected occurrences (if any), reasons for unexpected occurrences, and responsibilities of related agencies, organizations, and individuals;

+ Influence and extent of influence of unexpected occurrences on program/project implementation, ability to achieve program/project goals;

+ Proposing necessary solutions.

- The Government of Vietnam prescribes methods, criteria for evaluating the investment effectiveness of public investment programs and projects.

06 community investment monitoring contents in Vietnam from January 1, 2025

The community investment monitoring contents in Vietnam are regulated in Clause 3, Article 78 of the Public Investment Law 2024 including:

- Compliance with legal regulations on investment, construction, land, waste treatment, and environmental protection;

- Compensation work, site clearance, and relocation/resettlement plans ensuring the rights of the people;

- Programs and projects using part of the people’s contributions;

- Implementation status and progress of programs and projects;

- Implementation of public disclosure and transparency in public investment in accordance with Article 15 of the Public Investment Law 2024;

- Detecting activities that harm community interests; negative impacts of the project on the living environment of the community during investment implementation and project operation; activities causing waste and loss of project capital and assets.

Refer to more details at Public Investment Law 2024 effective from January 1, 2025.

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