The World Bank Report No: ISR7772 Implementation Status & Results Vietnam Capacity Building for Strengthening the Regulatory Framework for the Management of Investment in Vietnam (P115712) Public Disclosure Copy Operation Name: Capacity Building for Strengthening the Regulatory Project Stage: Implementation Seq.No: 3 Status: ARCHIVED Archive Date: 28-Sep-2012 Framework for the Management of Investment in Vietnam (P115712) Country: Vietnam Approval FY: 2009 Product Line: Institutional Development Fund Region: EAST ASIA AND PACIFIC Lending Instrument: Implementing Agency(ies): Ministry of Planning and Investment (MPI) Key Dates Board Approval Date 04-May-2009 Original Closing Date 16-Sep-2012 Planned Mid Term Review Date 15-Jun-2012 Last Archived ISR Date 29-Aug-2011 Effectiveness Date 16-Sep-2009 Revised Closing Date 16-Sep-2012 Actual Mid Term Review Date 06-Jun-2012 Project Development Objectives Project Development Objective (from IDF Proposal) The ultimate objective of the grant is to help Ministry of Planning and Investment (MPI) create a business enabling environment and operate effectively its investment regulatory functions. The objective will be achieved by enhancing the capacity and effectiveness of research at MPI and improving the two-way link between MPI analytical work and decision making. The grant will also strengthen the capacity of MPI in coordinating with other stakeholders in the formulation and implementation of policies and legal framework for state management of investment. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost Capacity Building to Support the Analytical Work for Formulation of Legal Documents: 89680.00 Public Disclosure Copy Technical support for the drafting and revision of relevant Legal Documents. 63780.00 Enhancing MPI capacity in arranging broad-based consultations with stakeholders. 22400.00 Training for the effective implementation and dissemination of the amended legal documents 68024.12 Audit 8000.00 Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Page 1 of 4 The World Bank Report No: ISR7772 Previous Rating Current Rating Overall Risk Rating Public Disclosure Copy Implementation Status Overview The implementation of the project accelerated considerably in the FY12. At the time of ISR writing, all technical packages but one were completed and the PIU already arranged a consultation workshop in June with relevant stakeholders, including provincial officials to share the findings of the project. For the remaining incomplete technical activity, the submitted draft report has been being reviewed by the PIU. The audit package was already advertised and the PIU already received proposals from audit companies. Overall, the outputs are expected to be achieved with satisfied quality and the project has met with its planned schedule. Consequently, the project main objectives are achieved. From now till September 2012, the remaining technical package will be completed and all outstanding payments will be made to the consultants. The PIU plans to use the saved resources for arrangement of a workshop, combining another dissemination of the project findings with consultation of the draft of the Law on Public Investment (the formulation of the law itself benefits immensely from the project outputs). Locations No Location data has been entered Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target Reports of the studies reviewing the current Text Value N/A TOR for both local and Reports of 2 studies legal framework for investment. internation consultant approved and implementing. Field trips have taken place. Study tour has been carried out. Date 09-Sep-2009 23-May-2011 19-Jun-2012 Comments Drafts of relevant new by-law documents, or Text Value N/A TOR approved and Drafts of legal by-law amendment of existing documents & capacity implementing. Field trips have documents in consultations with taken place. Public Disclosure Copy stakeholders in decision making process. Date 09-Sep-2009 23-May-2011 16-Jun-2010 Comments Training workshop for staff who will be able to Text Value N/A TOR approved and 400 civil servants received implement smoothly amended and new/ implemented training amended legal documents Date 09-Sep-2009 23-May-2011 16-Sep-2012 Comments Page 2 of 4 The World Bank Report No: ISR7772 An on-line forum has been designed and Date Value Empty 01-Mar-2012 16-Sep-2012 launched to receive comments and feedbacks Date from readers for incoming draft/revised laws Comments Project information and Public Disclosure Copy reports regularly posted in the forum A workshop on sharing and obtaining Date Value Empty 29-Jun-2012 29-Jun-2012 feedbacks on legal framework for the Date 29-Jun-2012 29-Jun-2012 management of investment in Vietnam Comments The workshop was organized on June 29, 2012 in Nha Trang. There were around 50 people to attend the workshop Data on Financial Performance (as of 10-Aug-2012) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P115712 TF-94789 Effective 03-Aug-2009 16-Sep-2009 16-Sep-2009 16-Sep-2012 16-Sep-2012 Disbursements Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P115712 TF-94789 Effective USD 0.30 0.30 0.00 0.28 0.02 92.00 Disbursement Graph Public Disclosure Copy Page 3 of 4 The World Bank Report No: ISR7772 Public Disclosure Copy Key Decisions Regarding Implementation The project has made important contribution to strengthen capacity of Department for Investment Supervision and Appraisal, MPI, in the way it engages researchers and relevant stakeholders in the formulation and evaluation of the implementation of the regulatory policies/documents and is expected to achieve all its development objectives. Restructuring History There has been no restructuring to date. Related Projects There are no related projects. Public Disclosure Copy Page 4 of 4