Regional : REG: MEKONG ENTERPRISE FUND (MEF)

Nonsovereign Project | 34907-014

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 Details

  • Project Officer
    Pacifico, Catherine C.
    Private Sector Operations Department
    Request for information
  • Country/Economy
    Regional
  • Modality
  • Sector
    • Finance
Project Name REG: MEKONG ENTERPRISE FUND (MEF)
Project Number 34907-014
Borrower / Company MEKONG ENTERPRISE FUND
Country / Economy Regional
Location Regional
Type or Modality of Assistance
7170 Equity Ordinary capital resources USD 5.00 million Closed
Strategic Agendas Inclusive economic growth
Drivers of Change
Sector / Subsector

Finance / Infrastructure finance and investment funds
Gender
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Portfolio Management Division, PSOD
Responsible ADB Officer Pacifico, Catherine C.
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.
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.
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
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 Access to Information Policy (AIP) 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

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

Related Publications

None currently available.

The Access to Information Policy (AIP) 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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