The effectiveness of public investment projects could be hardly improved unless the Government tweaks a draft law to be passed by the National Assembly by the end of this year.
“The law, once enacted, will improve the effectiveness of public investment projects,” said Deputy Minister of Planning and Investment Nguyen Bich Dat at a public investment law conference recently held in Hanoi.
Being the first law concerning public investment management, the draft paper addresses such matters as responsibilities of owners of public investment projects, implementation stages and project management.
However, experts warned unclear regulations would continue to neutralize the effectiveness of state-funded projects.
“The draft law does not resolve fundamental issues considered as the main reasons for the ineffectiveness such as project publicity and transparency,” said Le Quoc Dung, deputy director of the National Assembly’s Economic Committee. “If the law does not specifically regulate projects, corruption will occur,” he added.
Experts also suggested that the draft law should identify persons to be held responsible for the ineffectiveness of public investment projects.
According to the MPI, adjustments would be made to the draft law to make it clearer before submission to the National Assembly.-