Inspection over ODA, FDI projects to be intensified

The Ministry of Investment and Planning’s Inspectorate will intensify inspection over Official Development Assistance (ODA) and Foreign Direct Investment (FDI) projects to prevent corruption as per Vietnam’s pledges to international sponsors.

That was revealed at a conference reviewing ten year operation and receiving the Second Class Labor Medal of the ministry’s inspectorate on October 17.

Inspection operations will also be strengthened in public investment, BOT (Build-Operate-Transfer), BT (Build-Transfer) and PPP (Public Private Partnership) projects, and in traffic, electricity, garbage collection and treatment, environment cleanup, and clean water supply fields.

For the last ten years, the ministry has conducted nearly 80 specialized inspection cases, uncovered a lot of violations, and proposed penalties totaling VND6.9 trillion and US$67 million.

They also proposed withdrawal of 6 hectare land and nearly 60 investment projects with total registered capital of VND12 trillion and US$15 million.

Besides, they have put forward measures to remedy limitations, contributing to improve the legal framework in public, private and foreign investment and planning.

By Anh Phuong – Translated by Hai Mien

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