Viet Nam: Housing Finance

Sovereign Project | 35497-013 Status: Closed

Latest Project Documents

Title Date
Housing Finance Project Oct 2013
Housing Finance Project Nov 2002

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Project Name Housing Finance
Project Number 35497-013
Country Viet Nam
Project Status Closed
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan 1990-VIE: Housing Finance
Asian Development Fund US$ 30.00 million
Loan: Housing Finance
Participating Financial Institutions US$ 6.40 million
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector

Finance - Housing finance

Gender Equity and Mainstreaming Effective gender mainstreaming
Project Rationale and Linkage to Country/Regional Strategy

Project Outcome

Description of Outcome
Progress Toward Outcome
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)

- EA considered the initial requirements were very strict and the loan met with substantial implementation delays.

- In 2006 the loan agreement was amended, but the demand for the facility was still low.

- With the Government's recent fiscal stimulus package, there has been increased demand for the facility and in 2010 it was able to disburse $11.66 million of the total $34 million.

- The project loan is due for closing by end August 2011. It is expected that EA will be able to disburse most (if not all) of the loan amount by closing date. As of now, there remains an undisbursed amount of $6.5million plus the outstanding imprest account for liquidation amounting to $6.9million. Total disbursement todate is $27.5million (as of 23May2011).

- Close monitoring to ensure project completion by closing date.

Geographical Location Nationwide

Safeguard Categories

Environment C
Involuntary Resettlement
Indigenous Peoples

Summary of Environmental and Social Aspects

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design Stakeholders were consulted during the implementation of the PPTA and Appraisal Mission.
During Project Implementation The loan delivery mechanism for smaller own-build and house improvement loans will be implemented through CFI-managed credit schemes administered with assistance of people's committees, local community groups, and NGOs.

Business Opportunities

Consulting Services A total of 38 person-months of international and 26 person-months domestic consulting services will support capacity building and project implementation.
Procurement There will be minor procurement of goods.

Responsible Staff

Responsible ADB Officer Hiroyuki Aoki
Responsible ADB Department Southeast Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SERD
Executing Agencies
State Bank of Vietnam
47-49 Ly Thai To Street


Concept Clearance 08 Mar 2002
Fact Finding 14 Oct 2002 to 18 Oct 2002
MRM 23 Oct 2002
Approval -
Last Review Mission -
PDS Creation Date 27 Nov 2006
Last PDS Update 26 May 2011

Loan 1990-VIE

Approval Signing Date Effectivity Date Closing
Original Revised Actual
20 Dec 2002 31 Jul 2003 06 Jan 2004 30 Jun 2008 31 Aug 2011 03 May 2012
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 51.80 Cumulative Contract Awards
ADB 30.00 20 Dec 2002 2.01 0.00 100%
Counterpart 15.40 Cumulative Disbursements
Cofinancing 6.40 20 Dec 2002 2.01 0.00 100%
Title Document Type Document Date
Housing Finance Project Project/Program Completion Reports Oct 2013
Housing Finance Project Reports and Recommendations of the President Nov 2002

Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents See also: Independent Evaluation

Title Document Type Document Date
Viet Nam: Housing Finance Project Validations of Project Completion Reports Sep 2014

Related Publications

None currently available.

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