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.
|Project Name||REG: MEKONG ENTERPRISE FUND (MEF)|
|Borrower/Company||MEKONG ENTERPRISE FUND
|Type or Modality of Assistance||
|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||Pacifico, Catherine C.|
|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.|
|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.|
|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.|
|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.|
|Stakeholder Communication, Participation, and Consultation|
|Timetable for assistance design, processing and implementation|
|Concept Clearance||17 May 2000|
|Credit Committee Meeting||11 Dec 2000|
|Approval||07 Sep 2001|
|PDS Creation Date||30 Aug 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.
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|Title||Document Type||Document Date|
|Equity Investment Mekong Enterprise Fund Extended Annual Review Report||Extended Annual Review Reports||Jan 2011|
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
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