The National Assembly is currently reviewing proposed amendments to the Bidding Law at its ongoing sitting. Will the proposed revisions effectively address the shortcomings of slow project execution, loss of officials, poor-quality construction, and wastefulness—issues attributed to ‘Mr. Bidding,’ as highlighted by Party General Secretary To Lam? During the May 17 group debate of Hanoi City’s National Assembly delegation on a draft law that simultaneously amends seven laws, including the Bidding Law (hereafter referred to as the draft law), Party General Secretary To Lam highlighted a longstanding issue: despite available funds, disbursement is slower than expected, even as urgent national development demands persist. According to Party General Secretary To Lam, the bidding process alone takes a year or so, with months spent on tender selection, open bidding and evaluation—leaving insufficient time for project execution. He noted that public investment in the first quarter is always at its lowest level due to paperwork delays. To effectively amend the Bidding Law, it is essential to identify the shortcomings of ‘Mr. Bidding.’ He emphasized that these issues are severe, citing slow development, delayed project progress, poor quality, financial damage, loss of officials, and wastefulness. He stressed that bidding should ideally achieve maximum efficiency, […]
The National Assembly is currently reviewing proposed amendments to the Bidding Law at its ongoing sitting. Will the proposed revisions effectively address the shortcomings of slow project execution, loss of officials, poor-quality construction, and wastefulness—issues attributed to ‘Mr. Bidding,’ as highlighted by Party General Secretary To Lam? During the May 17 group debate of Hanoi City’s National Assembly delegation on a draft law that simultaneously amends seven laws, including the Bidding Law (hereafter referred to as the draft law), Party General Secretary To Lam highlighted a longstanding issue: despite available funds, disbursement is slower than expected, even as urgent national development demands persist. According to Party General Secretary To Lam, the bidding process alone takes a year or so, with months spent on tender selection, open bidding and evaluation—leaving insufficient time for project execution. He noted that public investment in the first quarter is always at its lowest level due to paperwork delays. To effectively amend the Bidding Law, it is essential to identify the shortcomings of ‘Mr. Bidding.’ He emphasized that these issues are severe, citing slow development, delayed project progress, poor quality, financial damage, loss of officials, and wastefulness. He stressed that bidding should ideally achieve maximum efficiency, […]
The National Assembly is currently reviewing proposed amendments to the Bidding Law at its ongoing sitting. Will the proposed revisions effectively address the shortcomings of slow project execution, loss of officials, poor-quality construction, and wastefulness—issues attributed to ‘Mr. Bidding,’ as highlighted by Party General Secretary To Lam? During the May 17 group debate of Hanoi City’s National Assembly delegation on a draft law that simultaneously amends seven laws, including the Bidding Law (hereafter referred to as the draft law), Party General Secretary To Lam highlighted a longstanding issue: despite available funds, disbursement is slower than expected, even as urgent national development demands persist. According to Party General Secretary To Lam, the bidding process alone takes a year or so, with months spent on tender selection, open bidding and evaluation—leaving insufficient time for project execution. He noted that public investment in the first quarter is always at its lowest level due to paperwork delays. To effectively amend the Bidding Law, it is essential to identify the shortcomings of ‘Mr. Bidding.’ He emphasized that these issues are severe, citing slow development, delayed project progress, poor quality, financial damage, loss of officials, and wastefulness. He stressed that bidding should ideally achieve maximum efficiency, […]
On May 5, 2025, the National Assembly started its ninth sitting, with a packed agenda that included a supplementary review of the 2024 socio-economic...
Today’s Top Headlines – April 25, 2025
EU considers Vietnam trusted and priority partner in Asia-Pacific
HCMC pledges to disburse 30% of public investment...
HCMC – Vietnam plans to allocate an additional VND84.3 trillion from increased revenue and budget savings in 2024 to accelerate infrastructure projects, according to...
HCMC – The National Assembly (NA) on February 17 approved a plan to increase the charter capital of the state-owned Vietnam Expressway Corporation (VEC)...