Nonsovereign Project | 34907-014 Status: Approved

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Project Number 34907-014
Country Regional
Location Ho Chi Minh City
Approval Number 7170
Type or Modality of Assistance
7170 Investment Fund US$ 5.00 million Approved
Strategic Agendas Inclusive economic growth
Drivers of Change
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 Catherine C. Pacifico
Project Sponsor(s)
Description Mekong Enterprise Fund (the Fund) was launched in April 2002. It was established for the purpose of investing in private sector small and medium-sized enterprises (SMEs) in Viet Nam, Cambodia and Laos. It was the first investment Fund in the target countries that specifically invests in and supports the development of private sector SMEs. The Fund has adopted a comprehensive investment strategy in identifying priority sectors and SMEs.
Objectives and Scope The objectives of the Fund are to (i) achieve a positive development impact on commercially viable private sector SME's in the target countries by providing equity capital, business support and advisory services, and (ii) achieve long-term capital appreciation. The Fund has a diversified portfolio of investments that contribute either directly or indirectly to achieving its commercial and developmental objectives.
Linkage to Country/Regional Strategy ADB's private sector development strategy recognizes the importance of SME development as a major generator of employment and income. To assist this market, the development strategy calls for working through SME investment funds, specialized financial institutions, and cooperating with existing regional organizations to stimulate private sector investment.
Status of Development Objectives The Fund (i) popularizes best practice management among Vietnamese companies; (ii) continues to contribute to capital market development through its investee companies; (iii) continues to maintain and update the Private Sector Obstacle Status Report which has been well received by various members of the development assistance community. These reports have helped raise awareness of key problems facing private sector companies in Vietnam.

Safeguard Categories

Environment B
Involuntary Resettlement
Indigenous Peoples

Summary of Environmental and Social Aspects

Environmental Aspects Mekong Enterprise Fund requires its investee companies to comply with environmental and social policy regulations of the government or authorities with recognized jurisdiction over such companies, as well as with all applicable ADB guidelines, and to operate following the principles of good corporate governance.
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation

Timetable for assistance design, processing and implementation

Concept Clearance 17 May 2000
Due Diligence 02 Jun 2000
Credit Committee Meeting 11 Dec 2000
Approval 07 Sep 2001
PDS Creation Date 30 Aug 2006
Last PDS Update 24 Sep 2014

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

Title Document Type Document Date
Regional: Mekong Enterprise Fund Validations of Project Completion Reports Sep 2014

Related Publications

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