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Lesson
Including ADB financial management staff in project implementation teams will facilitate compliance to ADB financial reporting requirements. the first two annual audited project financial statements was delayed in the absence of complete information. ADB’s financial management staff should have been part of the project implementation team from the inception stage to review and monitor project financial performance and provide timely advice.

Project Number: 45084-002
Project Name: Coastal Climate-Resilient Infrastructure Project
Report Date:
Lesson
Late allocation of provincial counterpart funds is a persistent issue requiring attention from the central government of Viet Nam. Late allocation of counterpart funding slowed down implementation progress and exposed subprojects to additional cost increases through inflation. The central government should consider providing incentives for timely provincial allocations. It could also explore alternative funding arrangements to address the issue.

Project Number: 37097-013
Project Name: Integrated Rural Development Sector Project in the Central Provinces
Report Date: