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||11 Dec 2006|
|PDS Updated as of||18 Jul 2008|
|Project Name||Agriculture Sector Development (Investment Loan)|
|Geographical Location||Nationwide coverage|
|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||Agriculture, natural resources and rural development
|Subsector||Agriculture and Rural Sector Development|
|Drivers of Change||–|
|Gender Mainstreaming Categories||–|
|Type/Modality of Assistance||Approval Number||Source of Funding||Approved Amount (thousand)|
For more information about the safeguard categories, please see http://www.adb.org/site/safeguards/safeguard-categories
Environmental impact screening for the loan package identified no significant negative environmental impacts that cannot be mitigated. None of the representative projects are in category A. No further studies are required to complement the initial environmental examination (IEE). No resettlement issues are anticipated under the ASDP project. There will be a beneficial impact on job creation for women and women empowerment through increased income generation opportunities. No issues on indigenous peoples are anticipated under the ASDP project.
A series of stakeholder consultations were undertaken during program and project preparation and processing of loans.
|During Project Design
|During Project Implementation
|The objective of the agro-industry small- and medium-sized enterprise (SME) Loan is to support the Government's efforts to reduce poverty and promote private sector investments in agro-based businesses through credit provision. The loan will be implemented in rural areas of Vietnam, broadly defined to include communes, villages, and provincial and district towns whose economic roles and functions are closely linked to agricultural and rural enterprises. Areas inside the municipal boundaries of the major cities of Ha Noi, Ho Chi Minh City, Hai Phong, and Da Nang are excluded. Special consideration will be given to areas designated as the poorest in the country with the objective of narrowing the gap in incomes, and to attain sectoral and regional balance in growth. To ensure the effectiveness of Vietnam Bank of Agriculture and Rural Development (VBARD), the Program will strengthen their operations through: (i) development of incentive systems, (ii) charging a risk premium of from one to two percent on subloans with insufficient collateral, improvements in training, training capacity, lending practices, and benefit monitoring and evaluation.|
|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 11|
None. It is planned that consultants will be provided under a 2003 Advisory TA: Support for Agriculture Reforms.
The proceeds of the loan will be utilized to finance the full foreign exchange costs (excluding local taxes and duties) of goods and services produced in and procured from ADB member countries (other than those items specified in the negative list and imports financed by other bilateral and multilateral sources). Procurement of eligible items will be on the basis of normal commercial practices for procurement by the private sector or standard Government procurement practices acceptable to ADB for procurement by the Government or its representatives.
|Procurement and Consulting Notices
|Fact-finding||25 Feb 2002 to 17 Mar 2002|
|Management Review Meeting||30 May 2002|
|Approval||16 Dec 2002|
|Last Review Mission||–|
|Loan 1973||16 Dec 2002||22 Apr 2003||27 Oct 2003||30 Sep 2006||31 Mar 2008||22 Sep 2008|
|Date||Approval Number||ADB (US$ thousand)||Others (US$ thousand)||Net Percentage|
|Cumulative Contract Awards|
|27 Aug 2014||Loan 1973||0||0||0.00%|
|27 Aug 2014||Loan 1973||34,034||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||Raymond Z. H. Renfro (email@example.com)|
|Responsible ADB Department||Southeast Asia Department|
|Responsible ADB Divisions||Environment, Natural Resources & Agriculture Division, SERD|
Viet Nam Bank for Agriculture and Rural Dev't.
Dr. Do Tat Ngoc
|List of Project Documents||http://www.adb.org/projects/32285-033/documents|