Mekong Enterprise Fund II (the Fund) was launched in June 2006. The Fund is the second fund managed by Mekong Capital, a fund management company operating from Ho Chi Minh City, Viet Nam. The Fund plays a key role in providing equity finance to private small and medium-sized enterprises (SMEs) and improving the corporate governance of its portfolio companies, thereby removing one of the main impediments to the development of the Mekong region's capital markets.
|Project Name||REG: MEKONG ENTERPRISE FUND II|
|Borrower/Company||MEKONG ENTERPRISE FUND II
|Type or Modality of Assistance||
|Strategic Agendas||Inclusive economic growth
|Drivers of Change||Private sector development
|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 II (the Fund) was launched in June 2006. The Fund is the second fund managed by Mekong Capital, a fund management company operating from Ho Chi Minh City, Viet Nam. The Fund plays a key role in providing equity finance to private small and medium-sized enterprises (SMEs) and improving the corporate governance of its portfolio companies, thereby removing one of the main impediments to the development of the Mekong region's capital markets.|
|Objectives and Scope||The Fund invests in private and equitized SMEs in Viet Nam, and in foreign companies with significant operations in Viet Nam. The Fund also has the ability to invest in companies domiciled in, or having significant operations in, Cambodia and Laos.|
|Status of Development Objectives||The Fund intends to (i) mobilize long-term capital in the form of private equity for SMEs; (ii) diversify sources of finance available for SMEs; (iii) improve SMEs' competitiveness by introducing best practices; (iv) improve the transparency and corporate governance of SMEs; and (v) create sustainable employment of the SME sector in Vietnam.|
|Status of Operation/Construction||The Fund is now fully invested, and will focus in subsequent years on adding value to those investments and finding suitable divestment opportunities.|
|Linkage to Country/Regional Strategy||The Fund will directly contribute to the implementation of the country strategy and program by catalyzing private investment in SMEs, diversifying financial channels, and improving SME governance.|
|Summary of Environmental and Social Aspects|
|Environmental Aspects||All companies in which the Fund invests is required to comply with national environmental laws and regulations as well as ADB's environmental and social safeguard policies (if required). The Fund has developed and implemented an environmental management system.|
|Stakeholder Communication, Participation, and Consultation|
|Timetable for assistance design, processing and implementation|
|Concept Clearance||03 Feb 2006|
|Credit Committee Meeting||-|
|Approval||31 May 2006|
|PDS Creation Date||22 Feb 2006|
|Last PDS Update||24 Sep 2014|
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|Title||Document Type||Document Date|
|Mekong Enterprise Fund II: Extended Annual Review Report||Extended Annual Review Reports||Sep 2015|
|Proposed Equity Investment in the Mekong Enterprise Fund II||Reports and Recommendations of the President||Apr 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.
None currently available.
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