METHODS AND INDICATORS FOR EVALUATING THE EFFICIENCY OF PUBLIC INVESTMENT PROJECT
On January 01, 2020, the Government promulgates the Decree No. 01/2020/ND-CP on amending and supplementing a number of Articles of the Government’s Decree No. 84/2015/ND-CP dated September 30, 2015 on investment supervision and evaluation.
Accordingly, the Government supplements provisions on methods and indicators of evaluation of the efficiency of public investment project as follows:
The efficiency of public investment project shall be evaluated by comparative and collated methods between results/actual number collected at the time of evaluation and objectives; or between the parameters of the project at the time of evaluation with the standard indicators; or a combination. In addition, the efficiency of public investment project also is evaluated by benefit-cost analysis method.
Criteria for evaluating the efficiency of public investment project includes: The extent of achievement of investment project objectives under the approved investment decision; indicators of exploitation, operation in reality of project comparing to indicators of exploitation, operation of approved project; economic internal rate of return; socio-economic and environmental impacts and other specific development objectives; measures to minimize negative social and environmental impacts...
This Decree takes effect on January 01, 2020.
