(CPV) - The Public Procurement Agency (PPA) of Vietnam and the US Trade and Development Agency on August 4 signed a Memorandum of Understanding for the establishment of the Agency’s second country partnership under the global procurement initiative: Understanding best value (GPI). Accordingly, USTDA will provide training and technical assistance to help Vietnamese Government implement a newly revised law focused on achieving greater value for money in public procurements. By promoting strategic, long-term infrastructure investments, the Procurement Assistance Program will increase international competition and facilitate improved development outcomes in Vietnam. This program advances Vietnam’s goal to transition to a more effective, results-driven system of public procurement. It also supports USTDA’s goal of leveling the playing field for US companies competing for large-scale procurements abroad. “This program is an invaluable step in strengthening economic ties between the US and Vietnam. It comes at a critical time when Vietnam is assessing its current procurement practices in order to enhance its infrastructure investments and improve development outcomes. US companies see the revised procurement law as a signal of Vietnam’s encouragement of fair and transparent international competition”, said Ms Andrea Lupo, USTDA’s Director for Global Programs. The ceremony took place as USTDA kicked off a series of technical procurement trainings in Hanoi, Da Nang and Ho Chi Minh city for approximately 150 public procurement officials./. The USTDA helps companies create US jobs through the export of US goods and services for priority development projects in emerging economies. It links US businesses to export opportunities by funding project planning activities, pilot projects, and reverse trade missions while creating sustainable infrastructure and economic growth in partner countries.
Posted on: Tue, 05 Aug 2014 12:14:25 +0000