Vietnam’s first public procurement centre launched in Hanoi

Illustrative photo (Photo: Hanoimoi.com.vn)

 Hanoi (VNA) – The capital city of Hanoi launched a public procurement centre, the first of its kind in Vietnam, November 30.

The centre operates under the city Department of Finance. It is in charge of public procurement for agencies in the city and also provides financial consultation services.

As of late 2016, 64 hospitals and health centres, 22 departments and 21 district administrations of the city have registered their public purchase, worth a total amount of 377 billion VND (166.7 million USD) at the centre.

Chairman of Hanoi People’s Committee Nguyen Duc Chung said that the concentration of public procurement is a policy in line with international practice. It will contribute to reducing public spending and improving transparency.

He also stressed that it is necessary to devise a plan for the efficient and transparent operation of the centre.-VNA