Viet Nam: SOE Reform and Corporate Governance Facilitation Program - Tranche 2

Sovereign Project | 39538-035 Status: Active

Summary

Latest Project Documents

Consulting Notices See also: CMS

Procurement Notices See also: Operational Procurement

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Procurement Documents

None currently available.


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Project Name SOE Reform and Corporate Governance Facilitation Program - Tranche 2
Project Number 39538-035
Country Viet Nam
Project Status Active
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan 3240-VIE: SOE Reform
Ordinary capital resources US$ 310.00 million
Loan 3242-VIE: SOE Reform
Asian Development Fund US$ 10.00 million
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector

Public sector management - Reforms of state owned enterprises

Gender Equity and Mainstreaming No gender elements
Description
Project Rationale and Linkage to Country/Regional Strategy
Impact

Project Outcome

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

Safeguard Categories

Environment C
Involuntary Resettlement C
Indigenous Peoples C

Summary of Environmental and Social Aspects

Environmental Aspects The project will not involve construction/civil works. The OCR loan will be used to restructure short-term debt of participating SOEs, while the ADF loan will be used to help participating SOEs to refine and implement their respective restructuring plan. The project will not involve any physical work that may cause short-term or long-term impact on the environment which justifies a category "C" for environment. As required by SPS for clients seeking general corporate finance, a corporate audit of the SOE's ESMS and past/present performance was conducted.
Involuntary Resettlement The project will not involve construction/civil works. The OCR loan will be used to restructure short-term debt by converting to long-term debt. The ADF loan is meant to help selected SOEs to refine and implement its restructuring plan. No land acquisition or resettlement is envisaged which justifies a category "C" for IR. Participating SOEs commissioned experts to conduct corporate audit of their ESMS and apst/current performance as per SPS requirement for General Corporate Finance.
Indigenous Peoples The project will not involve construction/civil works. The OCR loan will be used to restructure short-term debt by converting to long-term debt. The ADF loan is meant to help selected SOEs to refine and implement its restructuring plan. No impacton indigenous people is envisaged which justifies a category "C" for IP. Participating SOEs commissioned experts to conduct corporate audit of their ESMS and apst/current performance as per SPS requirement for General Corporate Finance.
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation The stakeholders' workshops including MOF, line ministries, and SOEs have been held to share the relevant knowledge and experiences. The knowledge products have been published.

Business Opportunities

Consulting Services International and national experts will be engaged.
Procurement IT equipment and software will be procured.

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
Ministry of Finance
EFDMOF@FPT.VN
28 Tran Hung Dao
Hanoi, Viet Nam

Timetable

Concept Clearance -
Fact Finding 01 Apr 2014 to 09 Apr 2014
MRM 12 Aug 2014
Approval -
Last Review Mission -
Last PDS Update 24 Sep 2015

Loan 3240-VIE

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
16 Dec 2014 10 Nov 2015 09 Feb 2016 31 Dec 2017 - -
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 325.00 Cumulative Contract Awards
ADB 310.00 16 Dec 2014 119.07 0.00 38%
Counterpart 15.00 Cumulative Disbursements
Cofinancing 0.00 16 Dec 2014 119.29 0.00 38%

Loan 3242-VIE

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
16 Dec 2014 10 Nov 2015 09 Feb 2016 31 Dec 2017 - -
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 10.00 Cumulative Contract Awards
ADB 10.00 16 Dec 2014 0.00 0.00 0%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 16 Dec 2014 0.00 0.00 0%

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

None currently available.

Related Publications

None currently available.


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