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Vietnam promotes transparency in construction sector
Vietnam is among seven countries are benefiting from the assistance of the UK and the WB in implementing an initiative on construction sector transparency (CoST).
CoST is an international multilateral initiative that aims to enhance transparency and accountability of procuring bodies and construction companies for the cost and quality of publicly financed construction projects.
The Vietnamese Ministry of Construction, the UK Department for International Development (DFID) and the World Bank jointly held a seminar on the initiative in Hanoi on May 28.
The participants assessed the CoST process in the country, defined main causes of corruption in construction and reviewed regulations on construction investment.
Acting DFID deputy representative Bridget Crumpton spoke highly of the Vietnamese Government’s cooperation in CoST process. Fighting corruption is also a solution to improve construction projects’ quality and contribute to poverty reduction, she said.
WB’s expert Jim Anderson said that WB has contributed to infrastructure projects in Vietnam as well as in Asia and wants to realize CoST to ensure the quality of construction works.
He emphasised the need to pay attention to public finance management and prevent corruption in public purchase.
Six other countries joining in the two-year pilot CoST programme are Tanzania , Zambia , the Philippines , the UK , Ethiopia and Malawi.
VIETNAMPLUS
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