Vietnam has made a lot of efforts in public financial management reform over the past 10 years and enjoyed good and relatively comprehensive progress, Deputy Finance Minister Bui Van Khang affirmed at the launch of the Public Expenditure and Financial Accountability (PEFA) report on June 24. The PEFA programme provides a framework for assessing and reporting on the strengths and weaknesses of public financial management (PFM) using quantitative indicators to measure performance. It identifies 94 characteristics (dimensions) across 31 key components of public financial management (indicators) in seven broad areas of activity (pillars).

Source: Vietnam News Agency