Viet Nam: Support for the Implementation of the Poverty Reduction Program V (Program Cluster) - Subprogram 1

Sovereign Project | 42191-013

Summary

Viet Nam has made remarkable progress in poverty reduction over the last 15 years by carrying out a broad range of policy reforms to foster sustainable and inclusive economic growth and strengthen social protection. Since 2002, an increasing number of multilateral and bilateral development agencies have supported these reforms through the World Bank led PRSC process. The PRSC process comprises several closely related activities jointly undertaken each year by participating development agencies to help the Government carry out policy reforms needed for the successful implementation of its poverty reduction strategy. The process involves the preparation of Viet Nam development reports by participating agencies, consultations on the policy matrices for PRSCs among participating agencies and between these agencies and the Government, and general budget support (in the form of grants and concessional loans) to Viet Nam by participating agencies to cover some of the costs of the policy reforms to the budget.

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Project Name Support for the Implementation of the Poverty Reduction Program V (Program Cluster) - Subprogram 1
Project Number 42191-013
Country Viet Nam
Project Status Closed
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan 2490-VIE: Support for the Implementation of the Poverty Reduction Program V (Program Cluster) - Subprogram 1
Asian Development Fund US$ 25.00 million
Strategic Agendas Inclusive economic growth
Drivers of Change
Sector / Subsector

Public sector management - Economic affairs management

Gender Equity and Mainstreaming
Description
Project Rationale and Linkage to Country/Regional Strategy Viet Nam has made remarkable progress in poverty reduction over the last 15 years by carrying out a broad range of policy reforms to foster sustainable and inclusive economic growth and strengthen social protection. Since 2002, an increasing number of multilateral and bilateral development agencies have supported these reforms through the World Bank led PRSC process. The PRSC process comprises several closely related activities jointly undertaken each year by participating development agencies to help the Government carry out policy reforms needed for the successful implementation of its poverty reduction strategy. The process involves the preparation of Viet Nam development reports by participating agencies, consultations on the policy matrices for PRSCs among participating agencies and between these agencies and the Government, and general budget support (in the form of grants and concessional loans) to Viet Nam by participating agencies to cover some of the costs of the policy reforms to the budget. The World Bank coordinates PRSC activities for the participating development agencies. ADB joined the PRSC process in 2003 and has taken part in all PRSC activities since then. In 2004 2007, ADB approved four single tranche standard program loans (one loan every year) to Viet Nam to support, through the PRSC process, the implementation of the Government's poverty reduction programs. SIPRPs I III provided parallel financing with the World Bank's PRSCs 3 5, respectively, in support of the implementation of the Government's Comprehensive Poverty Reduction and Growth Strategy 2002 2010. SIPRP IV provided parallel financing with PRSC 6 in support of the implementation of SEDP 2006 2010. With SIPRP V, ADB will stay involved in the PRSC process through 2010, that is, until the implementation of SEDP 2006 2010 is completed. This will enable ADB to promote, with relatively modest financing, a wide spectrum of policy reforms that are essential for the successful implementation of SEDP 2006 2010. Consequently, the proposed program cluster will help ADB achieve the strategic objective of its country strategy and program 2007 2010 for Viet Nam, which is to help the Government reduce the poverty rate to 10% 11% by 2010 through the successful implementation of SEDP 2006 2010. Furthermore, continued participation in the PRCS process will provide ADB with another means of coordinating its activities in Viet Nam with those of other development agencies. SIPRP V will help ADB fulfill its obligations under the Rome Declaration on Harmonization (2003), the Paris Declaration on Aid Effectiveness (2005), and the Hanoi Core Statement on Aid Effectiveness (2005).
Impact The intended impact of SIPRP V is a continued reduction in poverty in Viet Nam in 2008 2010 and beyond. Its expected outcome is the successful implementation of the Government's SEDP 2006 2010, which will not only reduce poverty in 2006 2010 but also improve Viet Nam's economic competitiveness and strengthen the foundations for sustainable and inclusive growth and a continued reduction in poverty beyond 2010.
Project Outcome
Description of Outcome The intended impact of SIPRP V is a continued reduction in poverty in Viet Nam in 2008 2010 and beyond. Its expected outcome is the successful implementation of the Government's SEDP 2006 2010, which will not only reduce poverty in 2006 2010 but also improve Viet Nam's economic competitiveness and strengthen the foundations for sustainable and inclusive growth and a continued reduction in poverty beyond 2010.
Progress Toward Outcome
Implementation Progress
Description of Project Outputs The outputs of the program cluster are various government documents (such as laws, decrees, and roadmaps) issued in 2007 2010 with the aim of keeping the target policy reforms on track during 2008 2010.
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Viet Nam
Safeguard Categories
Environment C
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
Consulting Services not applicable
Procurement not applicable
Responsible ADB Officer Ayumi Konishi
Responsible ADB Department Southeast Asia Department
Responsible ADB Division Viet Nam Resident Mission
Executing Agencies
State Bank of VietnamMr. Le Minh Hungadbsbv@hn.vnn.vn47-49 Ly Thai to Street, Ha Noi, Viet Nam
Timetable
Concept Clearance 26 Jun 2008
Fact Finding 25 Jun 2008 to 27 Jun 2008
MRM 29 Aug 2008
Approval 08 Dec 2008
Last Review Mission -
PDS Creation Date 16 Jul 2008
Last PDS Update 16 Jul 2009

Loan 2490-VIE

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
08 Dec 2008 29 Dec 2008 20 Apr 2009 31 Dec 2009 - 15 May 2009
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 32.14 Cumulative Contract Awards
ADB 25.00 08 Dec 2008 24.67 0.00 100%
Counterpart 7.14 Cumulative Disbursements
Cofinancing 0.00 08 Dec 2008 24.67 0.00 100%

Safeguard Documents

See also: Safeguards

No documents found.

Evaluation Documents

See also: Independent Evaluation
Title Document Type Document Date
Viet Nam: Support the Implementation of the Poverty Reduction Programs IV and V Validations of Project Completion Reports Aug 2014

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