An Investigation Into Source Code Escrow as a Controling Measure for Operational Risk

Rationale: The purpose of this paper is to analyse some causes constrain the construction process in Vietnam in recent times, and therefore, to advise a number of solutions. 1. Introduction 1.1. Background Since economic reformation in the middle 1980s, Vietnam has made efforts to develop market economy, and therefore, this country has achieved many epochal goals, especially in the industrial and service arenas. Besides these successes, it cannot be denied that the construction industry has played an important role by contri thoing a large proportion in the national economy. The General Statistics Office of Vietnam (2007), for instance, showed that capital invested into construction was approximately 21,136 cardinal VND (1 $US = 16,132 VND), with an improvement of 30% compared with the previous years statistics. Moreover, in the same period, the Vietnam Government spent 107,440 billion VND on fundamental construction, accounting for 26.9% of budget. Concurrently, the Vietnam Government also determined exploitation the infrastructure system, the basic physical and organisational structures or services and facilities essential for economical and social applications, as a momentous work out for national economy soaring.

According to Thanh and Dapice (2009), after the financial crisis in Southeast Asia in 1997, investments into infrastructure were 10% of GDP on average, assisting Vietnam in becoming whizz of the most East Asiatic economies renown for its expenditure in upgrading infrastructure. On the other hand, although attracting a vast amount of money, the construction industry has not utilize effectively this investment. Many construction projects both in the state-run sector and private ones have faced a series of problems in execution that affected not only cost but also quality of works. Together with other frequent matters such as cost overrun, reduction in profit borderline and loss of public belief in state-funded projects, delay is one of the...

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