Small and Medium-Sized Enterprise Development Program Cluster - Subprograms 1 and II

Date: December 2009
Country:
Subject:
Document Type: Completion Reports / Project/Program Completion Reports
Project Number: 34344-013; 38335-013

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Description

The Small and Medium Enterprise Development Program Loan (SDPL) to the Government of Viet Nam, to be drawn from the Asian Development Fund, was approved by ADB on 21 October 2004. The SDPL supported the government's efforts in creating an enabling business environment conducive to economic growth and employment generation. The SDPL adopted a program cluster approach with two back-to-back subprograms. Subprogram I was approved on 21 October 2004 and took effect on 6 April 2005. The loan amount of $60 million equivalent was released in two tranches: the first tranche ($25 million) was released on 29 August 2005 and the second tranche ($35 million) on 11 December 2006. Subprogram II was approved on 12 December 2006 and took effect on 5 June 2007. The loan amount of $20 million equivalent was released in a single tranche on 18 February 2009.