Vietnam’s shift from a centrally planned to a market economy has transformed the country from one of the poorest in the world into a lower middle-income country. Vietnam now is one of the most dynamic emerging countries in East Asia region. Read More »
Ratings for the Urban Transport
Improvement Project for Vietnam were as follows: the outcome
was satisfactory, the sustainability was likely, the
institutional development... Show More + impact was substantial, the Bank
performance was satisfactory, and the borrower performance
unsatisfactory. Lessons learned from the project are as
follows: Continuity of responsibility from project
preparation to execution is essential. The project was
prepared mainly with national level agencies but executed by
local authorities. Greater public information is necessary;
attempts were made to inform the public about the project,
but they did not succeed. Procurement of compatible traffic
signals is complicated. Traffic management, though valuable,
is messy and difficult to implement. The experience in Hanoi
and HCMC is not atypical of Bank experience. Measuring
outcomes of institutional strengthening/capacity building
remains a challenge. Government structure in Vietnam poses
considerable implementation challenges. Approval processes
are complicated, cumbersome and long. Show Less -
Date: June 22, 2006
Report#: 35958
Document Type: Implementation Completion and Results Report