The Department of Global Affairs of Canada (GAC) is providing funding to support the Tra Vinh Small and Medium Enterprise Development Project. The total funding earmarked for this project is to the tune of CAD Dollar 11.65 Million. The project became operational in December 2014 and will be implemented over a period of six years. The project utilizes a program-based approach (PBA) by aligning GAC funding to the provincial budget and policy priorities managed through Government of Vietnam administrative, financial and procurement systems. As such, GAC will provide funds directly to the State Treasury Account (represented by Ministry of Finance), which will be then allocated to Provincial Treasury of Tra Vinh Province. Tendersontime, a leading business information provider is the first agency to report this announcement
In Tra Vinh, funds will support the province to develop and implement key priorities of a provincial SME Development Plan, including related to small-scale infrastructure, while strengthening public administration in support of SME development. The project promotes Vietnamese ownership and alignment by supporting the development and implementation of provincial SME plan which the province is mandated to complete and by using and strengthening country existing systems.
This project will have three inter-related components. As the lead provincial department for SME and infrastructure development, the Department of Planning and Investment (DPI) will| be the primary partner for all three components, though it will coordinate and collaborate with a number of other provincial departments such as Finance, Industry and Trade, Labor and Social Affairs, Agriculture and Rural Development. Natural Resources and Environment, and with district and commune authorities, in implementation.
As a single donor in this program-based project involving targeted budget support at the sub-national level in Vietnam, GAC must ensure that it’s due diligence requirements are met in the implementation of the Tra Vinh SME Development Projects. The firm will assist GAC in reviewing the accuracy, compliance, and performance of the project and in assessing areas of improvement of the audited entity in regards to financing-accounting management.
The purpose of this notice is to invite formal costed proposals from eligible auditing firms. On the basis of the formal proposals, one firm will be invited to negotiate a contract for the provision of auditing services as described in the Terms of References (TORs). GAC reserves the right to refuse any or all proposals received. The amount a located to this contract will not exceed Cdn $ 100.000. inclusive of al taxes, expenses and fees. The anticipated contract is expected to start in April 2016.
The firm will be selected based on merit and judged against defined selection criteria. Specifically but not limited to these, the successful firm should have 1) experience in auditing ODA funds in Vietnam channeled through budget support, preferably at the provincial level 2) extensive knowledge of the Vietnamese accounting system 3) ability to work in both English and Vietnamese 4) demonstrate the availability of qualified human resources needed to conduct the audits m the province where required and to meet timeline requirements.
Tendersontime, the world’s largest aggregator of Tenders and Projects information, would like to inform all interested firms, joint ventures and companies participating in financial accounting and auditing services to use this opportunity and expand their business.
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