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Audit of USAID/Vietnam’s Competitiveness Initiative Phase II Program.

Country: Viet Nam
Fiscal Year: 2011
Agency: USAID
Audit Report Available: Yes

Vietnam’s rapid growth has outpaced its infrastructure, creating cost and efficiency issues for businesses. Many foreign investors—such as Nike, which employs over 200,000 Vietnamese workers—are encouraging the Vietnamese Government to accelerate planning and investments in infrastructure so that large investors can expand exports and create more jobs. If infrastructure is not improved soon, foreign investors will not be able to sustain the projected 25 percent export growth per annum or the increased employment that are so important to this country of 85 million people.
To assist in tackling these issues, USAID/Vietnam launched the Competitiveness Initiative Phase II Program.

Implemented by Development Alternatives Inc., this $12.4 million, 4½-year project will support private sector growth. The program will aim to support legal and regulatory reform, introduce new financing models for infrastructure development, and provide education to key stakeholders regarding alternative mechanisms for infrastructure financing.

This audit will determine whether USAID/Vietnam’s Competitiveness Initiative Phase II Program is assisting in removing constraints to growth and competitiveness affecting the private sector.

Source: Office of Inspector General - ANNUAL PLAN - FISCAL YEAR 2011

AUDIT REPORT NO. 5-440-11-007-P MAY 27, 2011

Date added: 2011-06-13 10:39:13    Hits: 285
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