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Bidding saves 60% of time for contractors

by PV/VTV25 September 2017 Last updated at 13:25 PM

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VTV.vn - Over 5.000 projects were successfully bid online in the first 8 months of 2017. Online bidding has been proven to ensure transparency, equity and economy.

It also saves times for enterprises as they do not have to go to governmental offices to complete any administrative procedures, therefore reducing instances of bribery.

One of the biggest benefits of online bidding is that it lessens the occurrence of bribery and corruption, while all information and instructions are given clearly to contractors. In addition, procedures are processed quickly and transparently.

This method is expected to continue to provide savings for public spending in the time to come.