ENHANCING TEACHER EDUCATION PROGRAM Credit Agreement No. 5878-VN AUDITED FINANCIAL STATEMENTS Period from 01 January 2022 to 30 September 2022 Enhancing Teacher Education Program Credit Agreement No. 5878 - VN CONTENTS Page PART I INDEPENDENT AUDITORS' REPORT ON THE FINANCIAL STATEMENTS Report of the Program Management Unit 3 Independent Auditors' Report on the Financial statements 4-5 Audited Financial statements Statement of Funds and Expenditures 6 Statement of Funds balance 7 Notes to the Financial statements 8-14 PART II INDEPENDENT AUDITORS' REPORT ON 15-16 THE INTERNAL CONTROL SYSTEM PART III INDEPENDENT AUDITORS' REPORT ON 17-18 THE COMPLIANCE PART IV MANAGEMENT LETTER 19-22 2 Enhancing Teacher Education Program Credit Agreement No. 5878 - VN REPORT OF THE PROGRAM MANAGEMENT UNIT The Program Management Unit of the Enhancing Teacher Education Program ("the Program Management Unit" or "the PMU") presents this report and the Financial Statements of the Enhancing Teacher Education Program ("the Program") for the period from 01 January 2022 to 30 September 2022. The Program The Program is implemented under the Credit Agreement No. 5878 - VN dated 06 February 2017 ("the Agreement") between the Government of the Socialist Republic of Vietnam and the World Bank (WB) (International Development Association - IDA). The Program Management Unit Members of the Program Management Unit in the period and to the reporting date are: Mr. Nguyen Ngoc Dung Director Mr. Dang Van Huan Deputy Director Mrs. Hoang Thi Thu Huyen Chief Accountant Auditors The auditors of AASC Limited have taken the audit of financial statements of the Program. Responsibilities of the Program Management Unit The Program Management Unit is responsible for preparing the program financial statements, including Statement of Funds and Expenditures, Statement of Funds balance, which comply with the accounting policies described in the attached Notes to the Financial Statements. The Program Management Unit assures that the accounting policies are appropriately selected and consistently applied. The Program Management Unit assures that the accounting records were fully maintained to prepare the financial statements in accordance with the applied accounting policies and to disclose, with reasonable accuracy at any time, the financial position of the Program. The Program Management Unit is also responsible for maintaining an effective internal control as management determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error, and comply with relevant laws, regulations and other provisions of the funding agreement that could have a direct and material financial effect on the Program financial statements. On behalf of the Program Majgement Unitly Nguyen Ngoc Dung Director Hanoi, 07 November 2022 3 No.: 071122.006/BCTC.FIS2 INDEPENDENT AUDITORS' REPORT ON THE FINANCIAL STATEMENTS To: The Management Unit of The Enhancing Teacher Education Program Auditors' Opinion We have audited the accompanying financial statements of the Enhancing Teacher Education Program ("the Program") which comprise Statement of Funds balance as at 30 September 2022, Statement of Funds and Expenditures for the period from 01 January 2022 to 30 September 2022, and Notes to the Financial Statements, including a summary of significant accounting policies. In our opinion, the accompanying Financial Statements give a true and fair view of the financial position of the Program, including the funds received and expenditures incurred for the period from 01 January 2022 to 30 September 2022, in accordance with the basis of the principal accounting policies described in the Notes to the Financial Statements and the provisions of the Credit Agreement No. 5878 - VN dated 06 February 2017. Basis of Opinion We conducted our audit in accordance with International Standards on Auditing ("ISAs"). Our responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the Financial Statements section of our report. We are independent of Program Management Unit in accordance with the international Ethics Standards Board for Accountants' Code of Ethics for Professional Accountants ("IESBA Code"), and we have fulfilled our other ethical responsibilities in accordance with the IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Responsibilities of the Program Management Unit for the Financial Statements The Program Management Unit is responsible for the preparation of the financial statements in accordance with the principal accounting policies described in Notes to the Financial Statements, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is responsible for assessing the Program's ability to continue as a going concern, disclosing, as applicable, matters relating to going concern and using the going concern basis of accounting unless management either intends to cease operations, or has no realistic alternative but to do so. Auditors' Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. T:(84) 24 38241990 I F:(84) 24 3825 3973 I 1 Le Phung Hieu, Hanoi, Vietnam AASC AUDITING FIRM 4 As part of an audit in accordance with ISAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Program's internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Program's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors' report to the related disclosures financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors' report. However, future events or conditions may cause the Program to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with the Program Management Unit regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. 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" � Ф-а и`D с ссц �� с`° � 4 и и Е � о � � с°�.� с�и с �-3' � � �' .�' � Ё �' � tсл т � а� .� Q � о � т .� _� ш`ш �� с� д Q•�с�о cCII.Q.� � о0 �'с ш ш � с � Q- = Q ш.� ti � U О t� �`��° Е Ш ш Е � й г� �' Q� � 1°� � ш �� Fa•- о �^ cv м v и _ � _ ` �- с� м = � � .= .� � .•; с� _ �. шс� и� - Enhancing Teacher Education Program Financial Statements Credit Agreement No. 5878 - VN Period ended 30 September 2022 STATEMENT OF FUNDS BALANCE As at 30 September 2022 Note 30/0912022 31/12/2021 VND VNID CURRENT ASSETS 49,608,165,453 144,267,636,352 Cash on hand 3,087,714 28,273,988 Cash at bank, treasury 3 49,605,077,739 143,888,969,827 Other receivables 350,392,537 NON-CURRENT ASSETS 1,209,679,773,971 1,188,918,345,105 Project Implementation Expenditures 5 1,209,679,773,971 1,188,918,345,105 TOTAL ASSETS 1,259,287,939,424 1,333,185,981,457 CURRENT LIABILITIES 683,580,758 91,103,328,366 Payables to contractors 667,627,740 28,861,635,347 Tax payables to the State - 153,734,043 Payables to staff - 2,474,826,085 Other payables 15,953,018 59,613,132,891 FUNDS 1,258,604,358,666 1,242,082,653,091 Project Implementation Funds 1,258,604,358,666 1,242,082,653,091 - Funds received from the Word Bank 1,110,260,083,845 1,110,260,083,845 - Counterpart funds 4 148,307,548,501 131,785,842,926 - Other funds 36,726,320 36,726,320 TOTAL RESOURCES 1,259,287,939,424 1,333,185,981,457 Enhancing Teacher Education Program Financial Statements Credit Agreement No. 5878 - VN Period ended 30 September 2022 NOTES TO THE FINANCIAL STATEMENTS For the period from 01 January 2022 to 30 September 2022 1. Background The Enhancing Teacher Education Program ("the Program") is implemented under the Credit Agreement No. 5878 - VN (the "Agreement") between the Government of the Socialist Republic of Vietnam and the World Bank ("WB") (International Development Association - IDA). The total fund of the Program is SDR 35,856,598 (equivalent to USD 50,502,251). according to Decision No. 2092/QD-TTg dated 16 December 2020 by the Prime Minister on the revised Program investment policy and Restructuring paper No. RES49339 of the IDA on 13 April 2022. In which, the ODA loan is SRD 34,081,598 (equivalent to USD 48,002,251) and the Government's counterpart fund is SRD 1,775,000 (equivalent to USD 2,500,000). The main objective of the Program is to develop selected teacher training universities and educational administration agencies in order to enhance the quality of school teachers and education managers through professional development according to practical demands and meeting the needs of the fundamental and comprehensive reform of education. The Program includes the following main parts: Part 1: Improved capacity of Lead Teacher Training Universities ("LTTU") to provide training and professional development for school teachers and education managers. - Sub-Part 1.1: Enhancing selected LTTUs' capacity in terms of teacher quality, facilities, equipment, administration capacity and coordination with general education management authorities and institutions; - Sub-Part 1.2: LTTUs organize continuous and school-based professional development for school teachers and education managers; - Sub-Part 1.3: Supporting LTTUs in developing in the ICT-based open course ware for school teachers and education managers of general education schools; - Sub-Part 1.4: Assessing accurately the needs, quality and effectiveness of the professional development program for school teachers and education managers; - Sub-Part 1.5: Program implementation management and monitoring. Part II: Technical Assistance - Capacity building on Program Implementation The Program is effective from 31 May 2016 and is closed on 30 June 2022. The Program is managed by i) the Program Management Unit of Enhancing Teacher Education, and its office is located at the 5th Floor, Ta Quang Buu Library, Hanoi University of Science and Technology, No.1 Dai Co Viet, Hai Ba Trung District, Hanoi, Vietnam, and ii) 08 following LTTUs: LTTUs Address Thai Nguyen University of Education No. 20 Luong Ngoc Quyen Street, Quang Trung Ward, Thai Nguyen City, Thai Nguyen Province. National Academy of Education Management No. 31 Phan Dinh Giot, Phuong Liet Ward, Thanh Xuan District, Hanoi City. Hanoi National University of Education No. 136 Xuan Thuy, Dich Vong Hau Ward, Cau Giay District, Hanoi City. Hanoi Pedagogical University 2 No.32 Nguyen Van Linh Street, Xuan Hoa Ward, Phuc Yen City, Vinh Phuc Province. Hue University of Education No. 34 Le Loi Street, Phu Hoi Ward, Hue City, Thua Thien Hue Province. Vinh University No. 182 Le Duan, Ben Thuy Ward, Vinh City, Nghe An Province. 8 Enhancing Teacher Education Program Financial Statements Credit Agreement No. 5878 - VN Period ended 30 September 2022 LTTUs Address Danang University of Science and Education No. 459 Ton Duc Thang, Hoa Khanh Nam Ward, Lien Chieu District, Da Nang City. Ho Chi Minh City University of Education No. 280 An Duong Vuong, Ward 4, District 5, Ho Chi Minh City. 2. Principal Accounting Policies a. Basis of preparation of the Financial Statements The last accounting period of the Program is from 01/01/2022 to 30/09/2022 (up to 6 months after the Program closing date on 30/06/2022 as the World Bank's regulation in the disbursement letter). The financial statements are prepared in accordance with the requirements of the World Bank and presented in Vietnam Dong (VND). Financial statements are prepared on the actual revenues and expenditures with adjustments for the Program. The principal accounting policies are summarized as below: b. Foreign currencies Receipts from the World Bank by foreign currencies are converted to VND using actual exchange rates corresponding to Ministry of Finance converts and transfers cash from the designated account opened at the Transaction Office of the State Bank of Vietnam to the account of the Program Management Unit opened at the Vietnam State Treasury (Note 2d). c. Funds and Expenditures Funds: Receipts from the World Bank are recorded when the Ministry of Finance transfers cash from the designated account opened at the Transaction office of State Bank of Vietnam to the account of the Program Management Unit opened at the Vietnam State Treasury (Note 2d). Counterpart funds including fund received from Vietnamese Government and Lead Teacher Training Universities' own fund are recognized when payments are made directly to contractors/suppliers of the Program, or payments for the Program's activities. Expenditures are recorded when they are actually occurred. d. The Program account and its interest The Program account is the deposit account No. 3741.0.3026094.92999 in VND opened at the Vietnam State Treasury for the Program's activities. Payments made via the Account are for eligible expenditures of the Program in accordance with the provisions of the Credit Agreement No. 5878 - VN. Interest of the Account is considered as receipts of the State Budget and initially recorded as Other funds in Statement of Funds and Expenditures and used to cover bank charges. At the end of the Program, outstanding interests will be returned to the Vietnamese Government. In case bank charges are not fully covered by the interests, it will be settled by the Counterpart funds (according to Decree No. 114/2021/ND-CP dated 16 December 2021). 9 Enhancing Teacher Education Program Financial Statements Credit Agreement No. 5878 - VN Period ended 30 September 2022 3. Cash at bank, treasury 30/09/2022 31/12/2021 VND VND Cash at bank 83,006 7,288,857,526 PMU 83,006 65,426,876 Danang University of Science and Education - 925,145,250 Ho Chi Minh City University of Education - 6,298,285,400 Cash at treasury 49,604,994,733 136,600,112,301 PMU (*) 49,592,212,435 19,001,788,310 Thai Nguyen University of Education - 11,627,713,939 National Academy of Education Management - 13,577,260,630 Hanoi National University of Education - 19,101,352,073 Hanoi Pedagogical Uniersity 2 12,782,298 9,540,626,000 Hue University of Education - 16,312,311,913 Vinh Uniersity - 14,152,573,895 Danang University of Science and Education - 15,450,099,066 Ho Chi Minh City University of Education - 17,836,386,475 49,605,077,739 143,888,969,827 (*) The amount has been refunded to the World Bank on 03 November 2022. 4. Counterpart funds Period ended Accumulated to 30/09/2022 30/09/2022 VND VND Program Management Unit 5,221,836,108 30,289,011,526 Thai Nguyen University of Education - 10,911,889,805 National Academy of Education Management 461,837,210 6,450,182,681 Hanoi National University of Education 556,827,380 18,280,256,045 Hanoi Pedagogical University 2 5,266,718,812 10,778,568,740 Hue University of Education 2,216,626,169 14,896,815,134 Vinh University 77,791,600 17,315,793,836 Danang University of Science and Education 571,414,777 16,542,197,927 Ho Chi Minh City University of Education 2,148,653,519 22,842,832,807 16,521,705,575 148,307,548,501 10 И N N N и ef р� м О� � =О oZ оИо N Ф м й � � °f � N F- > г� с� v о й uS сд м ` и и м о и � � � N tt Ф V �� й � м й vи• � о ^ .... 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Subsequent events There have been no significant events occurring after the reporting period, which would require adjustments or disclosures to be made in the financial statements. 7. Corresponding figures The corresponding figures are the financial statements for the fiscal year ended as at 31 December 2021 which were audited by AASC Limited. In which, some items have been represented as follows: Statement of Funds and Expenditures: Unit: VND Accumulated to 31/12/2021 Represented Presented Variances Note (a) (b) (a) - (b) 11. Expenditures 1.1 Enhancing selected LTTUs'capacity 567,436,619,286 567,003,287,286 433,332,000 (1) in terms of teacher quality, facilities, equipment, administration capacity and coordination with general education management authorities and institutions 1.4 Assessing accurately the needs, 38,933,749,908 38,174,002,808 759,747,100 (1) quality and effectiveness of the professional de\elopment program for school teachers and education managers 2 Technical Assistance - Capacity 33,306,962,558 34,500,041,658 (1,193,079,100) (1) building on Program implementation 639,677,331,752 639,677,331,752 (1) Reclassification of accumulated expenditures as of 31 December 2021. 8. Approval of the Financial statements The financial statements were approved by the Program Management Unit for issuance on 07 November 2022. Nguyen Ngoc Dung Hoang Thi Thu Huyen Director Chief Accountant Hanoi, 07 November 2022 14 No.: 071122.006/BCTC.FIS2 INDEPENDENT AUDITORS' REPORT ON THE INTERNAL CONTROL SYSTEM To: The Management Unit of the Enhancing Teacher Education Program We have audited, in accordance with International Standards on Auditing, the financial statements of the Enhancing Teacher Education Program ("the Program") for the period from 01 January 2022 to 30 September 2022 and issued the auditors' report thereon dated 07 November 2022 expressing an opinion on those financial statements. In connection with our audit of the financial statements, we also examined the effectiveness of internal control over compliance with requirements that could have a direct and material financial effect on the financial statements as well as the internal control over financial reporting for the period from 01 January 2022 to 30 September 2022. Responsibilities of the Program Management Unit The Program Management Unit is responsible for maintaining an effective internal control over compliance with requirements that could have a direct and material financial effect on the financial statements as well as the internal control over financial reporting. Auditors' Responsibility Our responsibility is to express an opinion on the effectiveness of internal control based on our examination. Our examination was conducted in accordance with the International Standard on Assurance Engagements (ISAE) 3000 (Revised). That standard requires that we comply with ethical requirements and plan and perform our procedures to obtain reasonable assurance about whether, in all material respects, the Program has maintained an effective internal control over compliance with requirements that could have a direct and material financial effect on the financial statements as well as internal control over financial reporting. Our examination included obtaining an understanding, testing, and evaluating the design and operating effectiveness of the internal control, and performing other procedures as we considered necessary in the circumstances to obtain sufficient appropriate evidence to provide a basis for our opinion. Because of the inherent limitations of internal control over financial reporting, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur and not to be prevented or detected on a regular basis. In addition, projections of any evaluation of the effectiveness of the internal control over financial reporting to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. We believe that the audit evidence we have obtained is sufficient and appropriate to provide basis for our opinion. T:(84) 24 3824 1990 I F:(84) 24 3825 3973 1 Le Phung Hieu, Hanoi, Vietnam I9 AASC AUDITING FIRM 15 Auditors' opinion In our opinion, the Program has maintained an effective internal control over misstatements that could have a direct and material financial effect on the Program financial statements for the period from 01 January 2022 to 30 September 2022. AASC Limited Do Manh Cuong Nguyen Pham Hung Deputy General Director Auditor in-charge CPA Registered No.: 0744-2018-002-1 CPA Registered No.: 2893-2020-002-1 Hanoi, 07 November 2022 16 No.: 071122.006/BCTC.FIS2 INDEPENDENT AUDITORS' REPORT ON THE COMPLIANCE To: The Management Unit of the Enhancing Teacher Education Program We have audited, in accordance with the International Standards on Auditing, the financial statements of the Enhancing Teacher Education Program ("the Program") for the period from 01 January 2022 to 30 September 2022 and issued the auditors' report thereon dated on 07 November 2022 expressing an opinion on those financial statements. In connection with the audit of the financial statements, we also performed procedures on the Program's compliance with the Credit Agreement No. 5878 - VN dated 06 February 2017, law and regulations that have a direct and material effect on the Program's financial statements for the period from 01 January 2022 to 30 September 2022 ("the Requirements"). Responsibilities of the Program Management Unit The Program Management Unit is responsible for complying with the Requirements applicable to the Program. Auditors' Responsibility Our responsibility is to express an opinion on the Program's compliance with the Requirements based on our procedures. We limited our tests of compliance to the Requirements, and we did not test compliance with all laws and regulations applicable to the Program. We performed our work in accordance with the International Standard on Assurance Engagements (ISAE) 3000 (Revised). That standard requires that we comply with ethical requirements and plan and perform our procedures to obtain reasonable assurance about whether, in all material respects, the Program has complied with the Requirements. An assurance engagement to report on the compliance with the Requirements at the Program involves performing procedures to obtain evidence about whether the Program's activities are free of material non-compliance with the Requirements, including obtaining an understanding of the internal control relevant to the Program's compliance with the Requirements. The procedures selected depend on the auditors' judgment, including the assessment of risks that the Program does not comply with the Requirements and whether such non-compliance could have a direct and material financial effect on the Program's financial statements. Our procedures included testing the compliance with the Requirements we consider necessary to provide a reasonable assurance that the Requirements are complied by the Program. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. T:(84) 24 3824 1990 1 F:(84) 24 3825 3973 I 1 Le Phung Hieu, Hanoi, Vietnam O : B AASC AUDITING FIRM 17 Auditors' opinion In our opinion, the Program has complied with the Requirements that could have a direct and material financial effect on the Program's financial statements for the period from 01 January 2022 to 30 September 2022. AASC Limited Do Manh Cuong Nguyen Pham Hung Deputy General Director Auditor in-charge CPA Registered No.: CPA Registered No.: 0744-2018-002-1 2893-2020-002-1 Hanoi, 07 November 2022 18 ENHANCING TEACHER EDUCATION PROGRAM Credit Agreement No. 5878-VN MANAGEMENT LETTER Period from 01 January 2022 to 30 September 2022 Hanoi, 07 November 2022 To: The Management Unit of The Enhancing Teacher Education Program No. 1 Dai Co Viet Street, Hai Ba Trung District, Hanoi We have conducted the audit of the financial statements of the Enhancing Teacher Education Program ("the Program") for the period from 01 January 2022 to 30 September 2022. During the course of our engagement, we reviewed the accounting procedures and internal controls, and examined the compliances with laws, regulations and the Credit Agreement No. 5878-VN. Accordingly, we enclose a memorandum of the points noted by us during our audit together with recommendations thereon. We have discussed the matters with the Board of Project Managements, and the responses were incorporated in our memorandum. We would also like to extend our sincere thanks to the Director, the Chief Accountant and your staff for the co-operation you all have extended to us during our recent audit visit. We look forward to working with you again soon, and in providing you with the required assistance, if any, in your future endeavours. Yours sincerely, Do ManCuong Deputy General Director T:(84) 24 3824 1990 I F:(84) 24 3825 3973 I 1 Le Phung Hieu, Hanoi, Vietnam AASC AUDITING FIRM 19 Enhancing Teacher Education Program Management Letter Credit Agreement No.5878 - VN Period ended 30 September 2022 CONTENTS 1. Program's implementation and disbursement progress................................................................21 2. Implementation status of previous auditors' recommendations .................................................... 22 20 Enhancing Teacher Education Program Management Letter Credit Agreement No.5878 - VN Period ended 30 September 2022 1. Program's implementation and disbursement progress Observation In the period, the Program's implementation and disbursement progress are lower than the assigned plan as follows: Funds Budget in 2022 Disbursement (* Proportion VND VND % Counterpart funds 7,756,000,000 5,778,663,488 74.51% Funds received from the 9,060,000,000 7,912,653,551 87.34% World Bank 16,816,000,000 13,691,317,039 81.42% (*) Cumulative disbursement from 01 January 2022 to 30 September 2022, aggregated from the PMU and Hanoi National University of Education We understand that the mentioned slow disbursement is due to the following reasons: The Covid-19 pandemic has not been completely controlled in early 2022, so some activities such as monitoring in provinces, verifying output results, assessing the impact of the ETEP on the university, localities and relevant units have been implemented online, resulting in reducing expenditures and disbursements. The Government has a policy to support VAT by reducing from 10% to 8%, so it makes savings of disbursements from the State Budget. The Program has been approved for implementation and finished the activities on 30 November 2022. However, all staff of the PMU have tried to complete the activities by 30 September 2022 (60 days earlier than planned). So, this also helps reducing expenditures and disbursements. Nonetheless, at the end of the Program, the disbursement linked results (DLRs) and disbursement linked indicators (DLls) of the Program achieved and exceeded the proposed overall plan. Specifically, according to the DLIs verifying reports and the World Bank's letter of approval on the verifying results for the entire Program, the total verified disbursement is SDR 49,616,330 (equivalent to USD 69,486,805), exceeding the allocated disbursement as planned after the restructuring by SDR 15,534,732 (equivalent to USD 21,484,554). The PMU's responses Agree with the auditors' opinion. 21 Enhancing Teacher Education Program Management Letter Credit Agreement No.5878 - VN Period ended 30 September 2022 2. Implementation status of previous auditors' recommendations No. Recommendation Implementation status 1 Program's implementation and disbursement progress The disbursement progress in 2021 of the Program The disbursement progress of the reached 60% of the assigned plan. Program reached 81% of the assigned plan. Overall, the Program has achieved results following verified DLls (details at section 1). Some bidding packages at the Program Management No similar issue incurred. Unit are implemented behind their schedule or not being implemented. 2 Procurement management At Da Nang University of Science and Education, the No similar issue incurred. Request for proposal of bidding package "Hiring an evaluation organization outside the training programs: Primary Education, Political Education, History Education" requires a minimum technical score of 65/100 (65%), lower than the one specified at point d, clause 3, Article 34 of Decree 63/2014/ND-CP dated 26 06/2014 and Bidding Documents Form No. 06, Circular 04/2017/TT-BKHDT dated November 15, 2017 "The technical proposal is evaluated as meeting the technical requirements when the technical score is not less than 70%..." 22