Publication year	2012
Pages	144
Price	free
Languages	English

Public Financial Management Performance Assessment 2012
(PDF, 144 Pages, 1.4 MB, English)

This report covers all aspects of the Vietnamese public financial management system: how the budget is set, including the role of the National Assembly, how revenue is raised, how money is spent, how it is accounted for and audited. This assessment report is based on the Public Expenditure and Financial Accountability assessment framework (or “PEFA”) developed by the World Bank in collaboration with other development partners, both countries and international institutions. By now, comparable assessments have been made of public financial management systems of well over one hundred countries around the world. This report is resulted from a process of self-assessment led by the Ministry of Finance, under the guidance from the PEFA Secretariat and support from the World Bank and other Development Partners. This is a progressive approach that reflects the ownership and initiation of all related Government agencies. In order to ensure quality, the results of the self-assessment were then the subject of a rigorous review by a team assembled by the World Bank, in the course of which all the evidence was re-examined in discussion with the Government’s Working Group. In addition information was sought from the Vietnam Chamber of Commerce and Industry and major auditing firms. The draft report was subjected to quality review by the PEFA Secretariat and peer reviewers appointed by the World Bank, and discussed at a workshop with the principal Vietnamese stakeholders.