|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.|
|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.
The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
|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
None currently available.
The Public Communications Policy (PCP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
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