To speed up the completion of procedures for investing and bidding projects in Vietnam

To speed up the completion of procedures for investing and bidding projects in Vietnam

According to the contents of Directive 26/CT-TTg of 2024, the Prime Minister of the Government of Vietnam has required the acceleration of the completion of procedures for investing and bidding projects in Vietnam as follows:

- Assign specialized officers to closely follow the process of project documentation preparation and appraisal; thoroughly check and review the document quality before submitting it to the appraisal authority; minimize document revisions due to non-compliance.

- Regularly inspect and urge specialized agencies to guide and handle documents related to project appraisal processes, to advise and ensure the quality and progress; effectively coordinate with provincial departments and authorities, localities, investors, and project management boards to swiftly handle administrative procedures, especially those related to the implementation and disbursement of public investment projects.

- Strengthen coordination among relevant agencies to advise authorities in receiving, negotiating, signing, and ratifying ODA loan agreements; managing and using ODA loans;

Enhance information connection, reporting, compliance monitoring of regulations, processes, progress, effectiveness, and project objectives (to avoid passivity in project implementation using ODA and concessional loans from foreign donors, to minimize procedures and adjustments in project investment decisions, arising costs, which cause capital losses and reduce project efficiency).

- Urgently complete the investment, bidding procedures, and strive to commence all public investment projects within the management scope that have been assigned and allocated the 2024 public investment plan by the competent authorities.

More details can be found in Directive 26/CT-TTg issued on August 08, 2024.

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