The World Bank Report No: ISR9346 Implementation Status & Results Vietnam Vietnam: Strengthening the Capacity of Accounting and Auditing Policies Department. (P129532) Public Disclosure Copy Operation Name: Vietnam: Strengthening the Capacity of Accounting and Project Stage: Implementation Seq.No: 1 Status: ARCHIVED Archive Date: 28-Jan-2013 Auditing Policies Department. (P129532) Country: Vietnam Approval FY: 2012 Product Line: Institutional Development Fund Region: EAST ASIA AND PACIFIC Lending Instrument: Implementing Agency(ies): Key Dates Board Approval Date 24-Feb-2012 Original Closing Date 19-Nov-2015 Planned Mid Term Review Date Last Archived ISR Date Effectiveness Date 19-Nov-2012 Revised Closing Date 19-Nov-2015 Actual Mid Term Review Date Project Development Objectives Project Development Objective (from IDF Proposal) To strengthen the institutional capacity of Accounting and Auditing Policies Department (Ministry of Finance) in order to effectively discharge its role of overseeing compliance & quality of accounting and auditing in Vietnam. This project will investigate international good practices of regulatory supervision of accounting and auditing with the outcome of developing and implementing a customized organizational model & approach for the Accounting and Auditing Policies Department Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost Building capacity of MOF in auditing & accounting guidance and oversight 190000.00 Financial Audit 10000.00 Overall Ratings Public Disclosure Copy Previous Rating Current Rating Progress towards achievement of PDO Moderately Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Overall Risk Rating Moderate Implementation Status Overview Recently effective (19 November 2012) and project activities are just getting underway. Project management function in place and training provided to staff. Counterpart contribution mobilized. Locations Page 1 of 3 The World Bank Report No: ISR9346 Country First Administrative Division Location Planned Actual Vietnam Thanh Pho Ha Noi Thanh Pho Ha Noi ✔ Public Disclosure Copy Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target Model and approach for accounting and audit Date Value 20121119 oversight Date 19-Nov-2012 Comments The Department currently does not have the institutional capacity to discharge its regulatory role of accounting and audit oversight Stakeholder engagement Date Value 19-Nov-2012 Empty Empty Date 19-Dec-2012 Comments Aspects of accounting and audit oversight in Vietnam are conducted by a number of agencies , including VACPA and State Securites Commission Structured reviews conducted Days Value Date 19-Nov-2012 Comments The Department's oversight activites are limited and ad hoc. Data on Financial Performance (as of 12-Dec-2012) Public Disclosure Copy Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P129532 TF-11936 Effective 19-Nov-2012 19-Nov-2012 19-Nov-2012 19-Nov-2015 19-Nov-2015 Disbursements Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P129532 TF-11936 Effective USD 0.20 0.20 0.00 0.00 0.20 0.00 Page 2 of 3 The World Bank Report No: ISR9346 Disbursement Graph Public Disclosure Copy Key Decisions Regarding Implementation Recently effective (19 November 2012) and project activities are just getting underway. Project management function in place and training provided to staff. Counterpart contribution mobilized. Restructuring History There has been no restructuring to date. Related Projects There are no related projects. Public Disclosure Copy Page 3 of 3