Project Data Sheet

Project Data Sheets (PDS) contain summary information on the project or program: Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

PDS Creation Date 05 Dec 2006
PDS Updated as of 29 Oct 2008

Project Name Rural Enterprise Finance Project
Country Viet Nam
Project/Program Number 31361-013
Status Approved
Geographical Location nationwide (Viet Nam)
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
Sector and/or Subsector Classification Finance
/ Microfinance
Strategic Agendas
Drivers of Change
Gender Mainstreaming Categories

Financing

Type/Modality of Assistance Approval Number Source of Funding Approved Amount (thousand)
Loan1802-0
TOTAL US$ 0

Safeguard Categories

For more information about the safeguard categories, please see http://www.adb.org/site/safeguards/safeguard-categories

Environment B

Summary of Environmental and Social Issues

Environment: EAs ensure that the approach to sublending is environemntally sound and makes a contribution to environemntal protection. In lending process, EAs raise customers' awareness of environmental responsibilities. Poverty: EAs address poverty issues by applying a group lending methodology where poor household, listed and certified by the commune people's committees according to poverty criteria published by the Government from time to time.

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples

Stakeholder Communication, Participation and Consultation

During Project Design
During Project Implementation

Description

The objective of the Project is to support the Government's efforts to reduce poverty and promote private sector investments in rural and agro-based industries. The Project provides a credit line for financing microenterprises, which directly impacts the livelihoods of farm families, and for financing small rural agrobased enterprises, which accelerates economic growth and contributes to rural employment, productivity and prosperity. To ensure its effectiveness the Project supports strengthening of VBARD by financing construction of a training institute, development of IT systems, promoting policy reforms, establishing clear policies and guidelines on rural enterprise financing, establishing a credit guarantee fund, and setting up rural business association in selected districts.

Project Rationale and Linkage to Country/Regional Strategy

While there are several actions taken by the Government to improve the environment for growth of rural industries, the general lack of funds and medium- and long-term capital for rural enterprises are major constraints to their growth. High tax, crowding out by SOEs for scarce credit resources, weak legal framework for private corporations, the lack of information on markets and technology, and lack of collateral are also major issues, which constrain development of enterprises and are currently being addressed by the Government.

Development Impact

Project Outcome

Description of Outcome
Progress Towards Outcome

Outputs and Implementation Progress

Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Status of Development Objectives
Material Changes

Business Opportunities

Date of First Listing 2006 Dec 05
Consulting Services
Recruitment of consultants will be in accordance with the Bank's Guidelines on the Use of Consultants and other arrangements satisfactory to the Bank for engagement of domestic consultants.
Procurement
Procurement of goods and services will be in accordance with the Bank's Guidelines for Procurement.
Procurement and Consulting Notices
http://www.adb.org/projects/31361-013/business-opportunities

Timetable

Concept Clearance
Fact-finding 15 May 2000 to 30 May 2000
Management Review Meeting 18 Jul 2000
Approval 12 Dec 2000
Last Review Mission

Milestones

Approval No. Approval Signing Effectivity Closing
Original Revised Actual
Loan 1802 12 Dec 2000 26 Apr 2001 09 Aug 2001 30 Nov 2006 30 Nov 2007 07 Oct 2008

Utilization

Date Approval Number ADB (US$ thousand) Others (US$ thousand) Net Percentage
Cumulative Contract Awards
26 Jul 2014 Loan 1802 0 0 0.00%
Cumulative Disbursements
26 Jul 2014 Loan 1802 54,000 0 100.00%

Status of Covenants

Covenants are categorized under the following categories—audited accounts, safeguards, social, sector, financial, economic, and others. Covenant compliance is rated by category by applying the following criteria: (i) Satisfactory—all covenants in the category are being complied with, with a maximum of one exception allowed, (ii) Partly Satisfactory—a maximum of two covenants in the category are not being complied with, (iii) Unsatisfactory—three or more covenants in the category are not being complied with. As per the 2011 Public Communications Policy, covenant compliance ratings for Project Financial Statements apply only to projects whose invitation for negotiation falls after 2 April 2012.

Approval No. Category
Sector Social Financial Economic Others Safeguards Project Financial Statements
Loan 1802

Contacts and Update Details

Responsible ADB Officer Maurice A. De Alwis ( @adb.org)
Responsible ADB Department Southeast Asia Department
Responsible ADB Divisions Public Management, Financial Sector and Trade Division, SERD
Executing Agencies Viet Nam Bank for Agriculture and Rural Dev't.
Mr. Nguyen The Binh

Central People's Credit Fund
Mr. Nguyen Duc Dung

Links

Project Website http://www.adb.org/projects/31361-013/main
List of Project Documents http://www.adb.org/projects/31361-013/documents