Event: ADB-ADBI Forum on Governance and Institutions: Practical Lessons on Governance and Service Delivery for Subnational Governments Fiscal Decentralization and Local Budget Deficits in Viet Nam: An Empirical Analysis 09 August 2017 Author / Speaker Peter Morgan Long Q. Trinh View File Local fiscal policies play a significant role in Viet Nam’s growth and development as a result of the budget law promulgated in 2002 that significantly increased the fiscal responsibilities of local authorities. To address several issues that hinder the effectiveness and efficiency of fiscal decentralization in the country, the central government should create measures that ensure fiscal accountability at the local government level. Disclaimer The views expressed on this website are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area. Download Topics Finance Governance and Public Sector Management