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 Credit II|
|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
|Gender Mainstreaming Categories||–|
|Type/Modality of Assistance||Approval Number||Source of Funding||Approved Amount (thousand)|
|Loan||1802||Asian Development Fund||80,000|
For more information about the safeguard categories, please see http://www.adb.org/site/safeguards/safeguard-categories
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.
|During Project Design
|During Project Implementation
|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.|
|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.|
|Description of Outcome
|Progress Towards Outcome
|Description of Project Outputs
|Status of Implementation Progress (Outputs, Activities, and Issues)
|Status of Development Objectives
|Date of First Listing||2006 Dec 05|
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 of goods and services will be in accordance with the Bank's Guidelines for Procurement.
|Procurement and Consulting Notices
|Fact-finding||15 May 2000 to 30 May 2000|
|Management Review Meeting||18 Jul 2000|
|Approval||12 Dec 2000|
|Last Review Mission||–|
|Loan 1802||12 Dec 2000||26 Apr 2001||09 Aug 2001||30 Nov 2006||30 Nov 2007||07 Oct 2008|
|Date||Approval Number||ADB (US$ thousand)||Others (US$ thousand)||Net Percentage|
|Cumulative Contract Awards|
|19 Dec 2013||Loan 1802||0||0||0.00%|
|19 Dec 2013||Loan 1802||33,160||0||100.00%|
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.
|Sector||Social||Financial||Economic||Others||Safeguards||Project Financial Statements|
|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|
Central People's Credit Fund
Mr. Nguyen Duc Dung
Viet Nam Bank for Agriculture and Rural Dev't.
Mr. Nguyen The Binh
|List of Project Documents||http://www.adb.org/projects/31361-013/documents|