Project Case Study
Undertaking a fiduciary risk assessment in Vietnam
Conducting an independent assessment of the public financial management systems in Vietnam
In recent years, the Department for International Development (DFID)’s support to Vietnam has moved from being predominantly financial assistance to channelling aid through smaller and more targeted technical assistance in the areas of governance support, education and health.
In 2012, we were asked by DFID to conduct a Fiduciary Risk Assessment (FRA) of Vietnam’s national Public Financial Management system.
A comprehensive FRA is a mandatory component when financial or technical assistance is being provided or considered, in order to ensure the financial management measures of a recipient are appropriate, and to mitigate any risk of corruption.
In this case, where DFID has provided long-term support, we were examining the on-going country risk environment but also monitoring the trajectory in which that risk environment is moving.
The findings were reported to DFID and key areas of dialogue were highlighted that should be taken forward between DFID and the Vietnamese authorities.
