During a reception in Hanoi onFebruary 13 for Prof. John D. Graham, Rector of the Indiana University Schoolof Public and Environmental Affairs, Hien lauded the visit, initiated by the VietnamInitiative Group – a network of Vietnamese scholars worldwide in the fields ofeconomy, finance and policy.
He hoped that the guest wouldshare his experience in public policy and evaluation of draft laws regarding financeand budget, as well as discuss the Vietnam-US ties after President Donald Trumptakes office during dialogues and discussions with the Foreign Ministry and theNA’s agencies.
Graham, for his part, said hisvisit is meant to share the US and Organisation for Economic Cooperation andDevelopment (OECD) member countries’ experience in assessing draft laws, budgetand policies with Vietnam, contributing to fine-tuning Vietnam’s finance-budgetpolicies, including those not using the State budget.
In the afternoon the same day,the NA’s Commission on Finance and Budget held a seminar featuring appraisalsystem for draft laws, budget and policies of the US and OECD member statesunder the co-chair of Nguyen Duc Hai, head of the commission, and Prof. Graham.
The US professor introducedRegulatory Impact Analysis approaches taken by the US and the European Union(EU).
According to him, the US mainlyuses cost benefit analysis while the EU takes the multi-criteria analysis whenit comes to evaluating different policy options to improve governmentdecision-making.
Hai hailed Graham’s presentationas an invaluable lesson for Vietnam in the process of refining finance andbudget-related policies and laws./.