Disaster Risks Prevention Fund criticised as ineffective
The Vietnam Chamber of Commerce and Industry (VCCI) has pointed out shortcomings in the operation of the Disaster Risks Prevention Fund.
The fund was set up in accordance with the Law on Natural Disaster Prevention and Control and Resolution 94 issued in 2014. However, after five years, VCCI has received many feedbacks about its shortcomings.
Tran Quang Hoai, head of the General Department of Disaster Prevention and Control, said many authorities didn’t dare to spend the money, fearing that they might violate the rules. Many localities face difficulties because the money from the fund cannot be used to pay salaries.