Stricter Bidding Process Set for Japanese Funded Projects - Vietnam Briefing News
Jul. 12 – A pilot regulation will open Japanese-funded projects to third parties for bidding in an effort to clamp down on corruption.
The Ministry of Planning and Investment said (MPI) said that under the trial regulation, a third party will be allowed to join tenders; study documents related to the bidding process and send reports to investors, the MPI and the Japan International Cooperation Agency on bidding irregularities.
Japan is the country’s biggest bilateral donor at US$16 billion worth of projects or about one third of Vietnam’s committed overseas development assistance.
Japanese-funded projects tend to get hampered by site clearance delays. The MPI is now asking government agencies for regular updates on overseas development assistance projects to improve management and ease funding.