40910-014: REG: MEKONG ENTERPRISE FUND II | Asian Development Bank

Regional: REG: MEKONG ENTERPRISE FUND II

Nonsovereign (Private) Project | 40910-014 Status: Archived

Project Details

Project Officer
Pacifico, Catherine C. Private Sector Operations Department Request for information
Country
  • Regional
Sector
  • Finance
 
Project Name REG: MEKONG ENTERPRISE FUND II
Project Number 40910-014
Borrower/Company MEKONG ENTERPRISE FUND II
Country Regional
Location Regional
Type or Modality of Assistance
7231 Equity USD 10.00 million Approved
Strategic Agendas Inclusive economic growth
Drivers of Change Private sector development
Sector / Subsector

Finance / Infrastructure finance and investment funds

Gender Equity and Mainstreaming
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Portfolio Management Division, PSOD
Responsible ADB Officer Pacifico, Catherine C.
Project Sponsor(s)
Description
Objectives and Scope The Fund invests in private and equitized SMEs in Viet Nam, and in foreign companies with significant operations in Viet Nam. The Fund also has the ability to invest in companies domiciled in, or having significant operations in, Cambodia and Laos.
Status of Development Objectives The Fund intends to (i) mobilize long-term capital in the form of private equity for SMEs; (ii) diversify sources of finance available for SMEs; (iii) improve SMEs' competitiveness by introducing best practices; (iv) improve the transparency and corporate governance of SMEs; and (v) create sustainable employment of the SME sector in Vietnam.
Status of Operation/Construction The Fund is now fully invested, and will focus in subsequent years on adding value to those investments and finding suitable divestment opportunities.
Linkage to Country/Regional Strategy The Fund will directly contribute to the implementation of the country strategy and program by catalyzing private investment in SMEs, diversifying financial channels, and improving SME governance.
Safeguard Categories
Environment FI
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects All companies in which the Fund invests is required to comply with national environmental laws and regulations as well as ADB's environmental and social safeguard policies (if required). The Fund has developed and implemented an environmental management system.
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
Timetable for assistance design, processing and implementation
Concept Clearance 03 Feb 2006
Credit Committee Meeting -
Approval 31 May 2006
PDS Creation Date 22 Feb 2006
Last PDS Update 24 Sep 2014

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.

The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

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.

Title Document Type Document Date
Mekong Enterprise Fund II: Extended Annual Review Report Extended Annual Review Reports Sep 2015
Proposed Equity Investment in the Mekong Enterprise Fund II Reports and Recommendations of the President Apr 2006

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.


The Public Communications Policy (PCP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

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