The Ministry of Planning and Investment and the World Bank (WB) co-hosted a conference on enhancing administrative management and development in Vietnam in Hanoi on January 20.

The conference focused on improving the country’s legislative system, policies, and investment climate in order to respond to Vietnam’s international integration process.

According to the WB Country Director for Vietnam, Victoria Kwakwa, the bank has allocated over 4 billion USD to Vietnam in the last three years, significantly contributing to the country’s economic development.

She noted that Vietnam should improve the efficiency of fund usage while creating favorable conditions and equity for businesses.

The country should also raise its cooperative initiatives and learn from the experience of other countries in preventing and eliminating corruption, she added.

Deputy Minister of Planning and Investment Nguyen Chi Dung said the government will continue to reform and improve the efficiency of the public investment sector while creating greater business equality.

Participants at the event expressed their views that Vietnam should strengthen effective measures to prevent corruption and fraudulences in project management, especially in Official Development Assistance (ODA) funded projects.-VNA