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p. 61 of 95 BACK | NEXT Message from the Chairman of the Board of Directors Members, Capital Stock and Voting Power The Record Abbreviations 2004 in Review: Board of Directors' Report Special Theme: The Changing Face of the Microfinance Industry: Building Financial Systems for the Poor Part 1: Institutional Effectiveness Part 2: Poverty Reduction Strategic Priorities Thematic Priorities Regional Perspectives East and Central Asia Mekong Cambodia Lao People’s Democratic Republic Myanmar Thailand Viet Nam The Pacific South Asia Southeast Asia Part 3: Financial Statements: Management's Discussion and Analysis

Annual Report 2004 : Part 2: Poverty Reduction : Mekong

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Viet Nam

Strategy and Policy Dialogue. Assistance to Viet Nam continued to emphasize economic growth through private sector development and improved governance and attention to socially inclusive development especially in the Central Region where the incidence of poverty remains high. ADB also helped Viet Nam to modernize and/or expand economic infrastructure using OCR. Policy operations focused on reducing structural weaknesses and improving the business environment for private sector development, promoting inclusive and environment-friendly development, and instituting a modern governance and public administration system. ADB also supported the establishment of a regulatory framework for the insurance and leasing industries and for anti-money laundering through the financial sector program loan.

The SME development project will enhance the policy and regulatory framework, improve access to finance and land use rights, and help increase access to domestic and international markets by improving industrial and technical standards. Support for governance and public administration reform will further improve the quality of public services for people and businesses and will combat corruption. ADB is also providing knowledge products through various sector and thematic work, including a research and capacity building initiative on making markets work better for the poor.

Loans and Technical Assistance. Six loans totaling $296.4 million were approved to support the government's efforts to (i) develop alternative channels of market-based financial intermediation; (ii) create a business environment conducive to economic growth and generating employment; (iii) improve the quality, efficiency, access, and management of lower secondary education; (iv) improve health services and living conditions especially for the poor and disadvantaged; (v) implement the poverty reduction program; and (vi) improve the reliability and quality of power transmission in the northern region and the efficiency of the power sector. In addition, 16 technical assistance activities totaling $7.7 million and two grants from the JFPR totaling $1.8 million were approved.

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