Description: Vietnam : Country Financial Accountability Assessment

Vietnam : Country Financial Accountability Assessment

Vietnam is in the process of reforming its economy, adopting market economy mechanisms, and integrating into the world economy. Like a number of countries in the process of transition to a market economy, Vietnam faces challenges in improving its l...

Full description

Bibliographic Details
Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	FINANCIAL MANAGEMENT RISK ASSESSMENT INSTITUTIONAL CAPACITY CONSTRAINTS REPORTING SYSTEMS VERIFICATION MEASURES INFORMATION MANAGEMENT GOVERNMENT ACCOUNTING BUDGET MONITORING PRIVATE ENTERPRISES EXTERNAL AUDITORS PUBLIC ENTERPRISES INSTITUTIONAL FRAMEWORK REGULATIONS CORPORATE ACCOUNTING ACCOUNTABILITY ACCOUNTANTS ACCOUNTING ACCOUNTING PROCEDURES ACCOUNTING STANDARDS ACCOUNTING SYSTEMS ACCOUNTS ACQUISITION ADB AUDIT REPORTS AUDITING AUDITING STANDARDS AUDITORS AUTHORITY AUTONOMY BALANCE SHEET BOARDS OF DIRECTORS BOOKKEEPING BUDGET ACCOUNTING BUDGET ACCOUNTING SYSTEM BUDGET CLASSIFICATION BUDGET EXPENDITURES BUDGET IMPLEMENTATION BUDGET PROCESS BUDGETARY SPENDING BUDGETING CAPITAL ADEQUACY CHECKING CITIZENS COMMERCIAL OPERATIONS CORPORATE GOVERNANCE DECISION MAKERS DECISION-MAKING DECISION-MAKING PROCESSES DECREE DECREES DEPOSIT INSURANCE DEPRECIATION DEVOLUTION DISCLOSURE DISTRICTS EXPENDITURE REFORM FINANCIAL ACCOUNTABILITY FINANCIAL ACCOUNTING FINANCIAL AUDITS FINANCIAL DATA FINANCIAL DISCIPLINE FINANCIAL INFORMATION FINANCIAL REGULATIONS FINANCIAL REPORTING FINANCIAL STATEMENTS FISCAL FISCAL INFORMATION FISCAL MANAGEMENT FISCAL TRANSPARENCY FOREIGN BORROWING FOREIGN DIRECT INVESTMENT FOREIGN ENTERPRISES FOREIGN EXCHANGE GOVERNMENT AGENCIES GOVERNMENT DECISION GOVERNMENT LEVELS GOVERNMENT OFFICIALS GOVERNMENT REVENUES INSTITUTIONAL DEVELOPMENT INSURANCE INTERNAL AUDIT INTERNAL AUDIT FUNCTION INTERNAL AUDITING INTERNAL AUDITORS INTERNAL CONTROLS INTERNATIONAL AUDITING STANDARDS LAWS LEGAL FRAMEWORK LEGISLATIVE OVERSIGHT LEGISLATURE LEVELS OF GOVERNMENT LOCAL AUTHORITIES LOCAL GOVERNMENT MANAGEMENT REPORTS MINISTRY OF FINANCE NATIONAL BUDGET NATIONAL LEVEL PRIVATE SECTOR PROVISIONING PRUDENTIAL REGULATIONS PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURE REFORM PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC FINANCES PUBLIC FUNDS PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING PUBLIC SPENDING RISK MANAGEMENT STATE BUDGET STATE BUDGETS STATE- OWNED ENTERPRISES SUBSIDIARY TAX TAX AUTHORITIES TECHNICAL ASSISTANCE TREASURY
Online Access:	http://documents.worldbank.org/curated/en/2001/10/1620916/vietnam-country-financial-accountability-assessment http://hdl.handle.net/10986/14595

Description
Summary:	Vietnam is in the process of reforming its economy, adopting market economy mechanisms, and integrating into the world economy. Like a number of countries in the process of transition to a market economy, Vietnam faces challenges in improving its laws and regulations, strengthening its institutions, and buiding capacity to improve financial accountability. While it is difficult to attain quickly all the requirements of a market economy, it is possible to focus initially on a critical subset of these requirements and take a series of steps that are compatible with the Vietnamese environment. Such a gradual approach, currently being taken by the government, should lead to tangible achievements in financial accountability over time. Experience has shown that stand-alone measures to strengthen financial accountability are not effective. These need to be complemented by parallel measures that form part of a comprehensive reform adddressing issues such as human resources, compensation structure, performance measures, and legal reform. The government should adopt a multi-pronged strategy that encompasses reforming public administration, strengthening the oversight capacity of the legislature, introducing an integrated financial management system, and building capacity and strengthening institutions responsible for ensuring accountability. In the public sector, technological changes should follow the process of administrative reform and the streamlining of processes and procedures

Vietnam : Country Financial Accountability Assessment

Similar Items