The main objective of the TA is to prepare the SOE Reform and Corporate Governance Facilitation Project (SRCGF) by formulating a focused and sequenced series of measures to facilitate SOE reform and enhance corporate governance. The measures will be consistent with and supplementary to the Government's overall strategy for SOE reform.
The TA outputs will include detailed design of the SRCGF into two components: (i) Component 1 - Design Assistance for Equiptaization and Listing of state owned commercial banks (SOCBS)/governement corporations (GCs), and (ii) Component 2 - Design an Institutional Development Scheme for SOE Reform.
| Project Name | SOE Reform and Corporate Governance Facility | ||||||
| Project Number | 39538-012 | ||||||
| Country | Viet Nam |
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| Project Status | Closed | ||||||
| Project Type / Modality of Assistance | Technical Assistance |
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| Strategic Agendas | Inclusive economic growth |
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| Drivers of Change | Partnerships Private sector development |
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| Sector / Subsector | Public sector management - Economic affairs management |
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| Gender Equity and Mainstreaming | No gender elements | ||||||
| Description | The main objective of the TA is to prepare the SOE Reform and Corporate Governance Facilitation Project (SRCGF) by formulating a focused and sequenced series of measures to facilitate SOE reform and enhance corporate governance. The measures will be consistent with and supplementary to the Government's overall strategy for SOE reform. The TA outputs will include detailed design of the SRCGF into two components: (i) Component 1 - Design Assistance for Equiptaization and Listing of state owned commercial banks (SOCBS)/governement corporations (GCs), and (ii) Component 2 - Design an Institutional Development Scheme for SOE Reform. Under Component 1, the TA will develop a modality for providing financial and technical support to select SOCBs/GCs for equitization and listing, with a clear set of selection criteria and guidelines for project implementation. The financing scheme will be used for the direct costs of equitization and listing, including asset restructuring (SOCBs) and debt/liability restructuring (GCs). The TA will clearly identify the technical inputs needed by the selected SOCBs and GCs to undertake activities that are considered direct costs and not funded by the Government, such as (i) financial restructuring, (ii) valuation for equitization, and (iii) listing in the formal stock exchange. Under Component 2, the TA will identify a set of specific measures to support the institutional development of the Debt Asset Trading Corporation and the State Capital Investment Corporation to ensure their long-term sustainability and efectiveness, including various insitutional and human resource development components. The TA will examine and recommend legal and policy reforms to improve these insitutions and promote SOE reforms. The TA will further examine and recommend measures for reforming organizational structures to improve corporate governance and operational efficiency in the selected GCs and SOCBs. The TA will be implemented in two phases. Phase 1 will cover all the activities stated above, and include the detailed design for the SRCGF, including procedures, strategies, and operational plans for each component, the institutional capacity development plan; a draft development policy matrix; and implementation arrangements. Phase 2 will be decided by ADB in consultation with Government at the end of the final design and start fo the SRCGF. |
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| Project Rationale and Linkage to Country/Regional Strategy | The ADB?s Country Strategy Program and Update (2006-2008) also confirms that SOE reform is crucial to sustaining Viet Nam?s economic growth. The Government request for ADB assistance for SOE reform was further discussed during the last country programming mission. A PPTA was included in 2005, which was later moved to 2006 as a firm nonlending program. | ||||||
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| Safeguard Categories | |
|---|---|
| Environment | C |
| Involuntary Resettlement | C |
| Indigenous Peoples | C |
| Summary of Environmental and Social Aspects | |
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| Environmental Aspects | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Stakeholder Communication, Participation, and Consultation | |
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| Business Opportunities | |
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| Consulting Services | The TA will be implemented over 15 months, from early March 2007 to July 2008. An international consulting firm for 16.0 person-months for international and 16.5 person months for national consulting services to carry out Phase 1. The TOR of Phase 1 is shown in the Consultant Service Recruitment Notice. (The allocation of resources for Phase 2 will be decided at the end of the final design and start of the SRCGF under a separate contract). The fixed-budget selection method will be used to select the consultants. Short-listed firms will submit simplified technical proposal with detailed terms of reference. |
| Responsible ADB Officer | Subramanian,Valyoor V. |
| Responsible ADB Department | Southeast Asia Department |
| Responsible ADB Division | Public Management, Financial Sector and Trade Division, SERD |
| Executing Agencies |
Ministry of Finance 28 Tran Hung Dao Hanoi, Viet Nam |
| Timetable | |
|---|---|
| Concept Clearance | 28 Feb 2006 |
| Fact Finding | 11 Sep 2006 to 13 Sep 2006 |
| MRM | - |
| Approval | 20 Dec 2006 |
| Last Review Mission | - |
| PDS Creation Date | 27 Feb 2006 |
| Last PDS Update | 18 Jan 2010 |
TA 4911-VIE
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 20 Dec 2006 | 27 Feb 2008 | 27 Feb 2008 | 31 Jul 2008 | 31 Dec 2009 | - |
| Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
|---|---|---|---|---|---|---|---|---|
| ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
| Gov | Beneficiaries | Project Sponsor | Others | |||||
| 300,000.00 | 500,000.00 | 200,000.00 | 0.00 | 0.00 | 0.00 | 1,000,000.00 | 20 Dec 2006 | 732,807.63 |
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.
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| Title | Document Type | Document Date |
|---|---|---|
| SOE Reform and Corporate Governance Facilitation Project | Documents Produced Under Grant/Loans/TA | Oct 2009 |
| Preparing the State-Owned Enterprise Reform and Corporate Governance Facilitation Project (Cofinanced by the Financial Sector Development Partnership Fund) | Technical Assistance Reports | Dec 2006 |
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.
Related Publications
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