[ap-intact] INFO: Vietnam's 2014 investment law tackles corruption

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From an interview with Dao Quang Thu, Deputy Minister of Planning and Investment, Vietnam:

"In my opinion, the 2014 Law on Public Investment can be considered a revolution in the management of public investment. The law provides a consistent legal framework on the management and use of public investment resources, and on overcoming constraints created by the previous public investment law.

"The new law has some strengths, including preventing entities from making casual, subjective decisions. As we all know, public investment uses taxpayers' money. So investment regulations must be tight and strict, and follow prescribed administrative procedures. For example, the first chapter of the law covers rights and obligations of Government agencies and offices, particularly individuals engaged in public investment projects."

Read the full interview in Vietnam Net Bridge. http://english.vietnamnet.vn/fms/business/122120/investment-law-tackles-corruption.html

See also:

"Vietnamese president says necessary to remove 'tumors' of corruption." Story by Xinhua in Global Times. http://www.globaltimes.cn/content/905773.shtml

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