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Investment Investment Projects ODA Projects Incentive Policies Steps of Investment Investment Procedures Cooperation With Ha Noi City With Ho Chi Minh City With Ha Tinh Province With Phu Yen Province With Gia Lai Province With Kon Tum Province With Quang Ngai Province Natural & Social Features Geographic Location Climate Population and Administrative Structure Natural Resources Tourist Potential Map of Binh Dinh Infrastructure Transport Power and Water supply Post and Telecom Finance - Banking Education - Training Health Science - Technology Radio - Television Hotels Economic Sectors Agriculture and Forestry Industry Fisheries Nhon Hoi EZ and IZs Nhon Hoi Phu Tai Long My Enterprises Overview Agriculture - Forestry Fisheries Industry Construction Transport Trade - Services Others FDI		ODA disbursement formalities too complicated 29 October 2007 A survey on decentralization of ODA management in HCM City, Son La and Quang Tri provinces reveals that too many formalities are needed. This is the reason for ineffective use of ODA in Vietnam. According to the European Commission-funded survey, conducted by the Central Institute for Economic Management, to withdraw capital for ODA projects, at least seven kinds of documents are required and it is eight documents for striking a balance. It is a problem when the investor is responsible to ODA projects while the projects are audited by the Vietnamese side and independent auditor of the sponsor. The survey also points out that provincial People’s Committee has little power related to reciprocal capital in projects receiving capital from the state budget. Apart from the supervision of agencies under the law, ODA projects are also under the control of many others such as inspection and auditing agencies. Lacking a combination among Vietnamese agencies, they don’t recognize inspection results of each other on the same projects. The effect in using ODA capital is at the average or low level because of slow implementation. The quality of ODA projects is also low. There are four matters affecting the effect in using ODA capital: formalities, process, pace, harmonization; site clearance, compensation; quality of contractors; selecting consulters. According to the survey, one of the reasons that makes low quality for ODA projects is selecting wrong consultants at the preparation stage. Source: VietnamNet		Search Flight Schedule Vietnam Railways

		Website for Cooperation and Investment Promotion Established by Investment Promotion Center of Binh Dinh Province (IPC Binh Dinh) Address: 35 Le Loi Street, Quy Nhon City, Binh Dinh Province, Vietnam Tel: (84-56) 818886, 818888, 818889, 824015 Fax: (84-56) 818887 Email: ipcbinhdinh@vnn.vn Person in charge: Mr. Nguyen Thanh Hai, Director, IPC Binh Dinh