Microfinance Sector Development Program: Microfinance Sector Assessment

Date: November 2010
Country:
Subject:
Document Type: Technical Assistance Consultant's Reports
Project Number: 42235-012

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Description

This microfinance sector assessment is provided as a grant assistance consultant report prepared under the Microfinance Sector Development Program in Viet Nam. 

A major constraint in meeting poverty reduction objectives is the lack of responsive and adequate financial services in rural areas, especially amongst the poor. The continuing efforts of the Government to rationalize the microfinance sector including the passage of a new Credit Institutions Law (CIL) that integrates microfinance into the formal financial system, as well as the formulation of a comprehensive Microfinance Strategy and Roadmap are major steps in the right direction.