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Viet Nam: Supporting the Second Small and Medium-Sized Enterprises Development Program

Sovereign (Public) Project | 41360-016 Status: Closed
Project Name Supporting the Second Small and Medium-Sized Enterprises Development Program
Project Number 41360-016
Country Viet Nam
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8184-VIE: Supporting the Second Small and Medium Enterprises Development Program
Technical Assistance Special Fund US$ 800,000.00
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Governance and capacity development
Private sector development
Sector / Subsector

Finance / Small and medium enterprise finance and leasing

Gender Equity and Mainstreaming
Project Rationale and Linkage to Country/Regional Strategy
Impact A business environment that supports greater SMEs competitiveness
Project Outcome
Description of Outcome Key measures under the policy matrix of the SMEDP 2 implemented
Progress Toward Outcome In progress
Implementation Progress
Description of Project Outputs

Enhancement of the regulatory framework for private enterprises in Viet Nam.

Strengthening the framework for competition policy

Improving SMEs access to finance.

Status of Implementation Progress (Outputs, Activities, and Issues)

TA implementation continues to progress. As of September 2014, more than 50% of funds are committed. A total of 10 individual consultants (both international and local) have been engaged so far of which 3 still have ongoing contracts. The consultants have provided technical advice and assistance to the EA on a number of areas, including drafting the Enterprise Law, preparation of the SME White Paper 2013, the expansion of PPPs to SMEs, access to finance for SMEs, and the mid-term review of the SME Development Plan 2011-2015 among others. Recruitment of the remaining consulting assignments is ongoing, including the selection of a firm to run a survey of SMEs and assistance to the regulatory impact assessment of the proposed Law in support of SMEs.


Advice has been provided to CIEM on the incorporation of corporate governance provisions into the Enterprise Law, an aspect previously omitted in this piece of legislation. The report included a number of generic recommendations and very detailed, article by article, specific recommendations on corporate governance aspects.

With TA support, the government has also completed the SME White Paper 2103. The report provides the most recent assessment of the development of small and medium enterprises in Viet Nam, identifying sector trends, geographical distribution of start-ups and overall size and employment creation patterns.

A study has been prepared outlining a strategy for the institutional development of the SME division of the Ministry of Justice, evaluating its potential role in the context of the overall institutional framework for SME access to legal services.

A team of consultants are currently working on the design of a portal on access to financial services for small and medium-sized enterprises (SMEs), to be incorporated into the Enterprise Development Agency (EAD) website. In addition, the design of a business self-assessment tool for SMEs is also underway for its hosting at the EAD website.

As of March 2015.

As discussed and agreed with MPI during the last TA Review mission in Dec 2014, a national RIA expert has been engaged last Dec 2014 to prepare the draft RIA for the Law. An international consultant on Corporate Synergy Systems has been engaged in Feb 2015. The recruitment of a survey firm that will contribute to the preparation of the Law in Support of SMEs is on the final stage of recruitment.

Geographical Location
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
Consulting Services

The project will require 13.5 person-months International Consultants and 40-person-months National Consultants.

International consultants:

- Private Sector Development Specialist (financial services for SMEs) 5 person-months

- Private Sector Development Specialist (legal services for SMEs) 3 person-months

- Public-private partnerships specialist 1.5 person-months

- Corporate Governance Specialist 2.0 person-months

- Legal expert (Competition Law) 2.0 person-months

National Consultants:

- Business development specialist (financial services) 12.0 person-months

- Legal expert (regulatory impact assessments) 7.0 person-months

- Financial management expert (SME development fund operational guidelines) 8.0 person-months

- Corporate governance expert 3.0 person-months

- SMEs development experts 10.0 person-months

Procurement Procurement of equipment will be undertaken in accordance with ADB's Procurement Guidelines.
Responsible ADB Officer Gomez Reino, Juan L.
Responsible ADB Department Southeast Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SERD
Executing Agencies
Ministry of Planning and Investment
6 B Hoang Dieu street, Ba Dinh district, Hanoi, Viet Nam
Concept Clearance 30 Jul 2012
Fact Finding 26 Apr 2012 to 27 Apr 2012
Approval 04 Oct 2012
Last Review Mission -
Last PDS Update 27 Mar 2015

TA 8184-VIE

Approval Signing Date Effectivity Date Closing
Original Revised Actual
04 Oct 2012 09 Apr 2013 09 Apr 2013 31 Dec 2013 31 Dec 2015 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
800,000.00 0.00 0.00 0.00 0.00 0.00 800,000.00 04 Oct 2012 501,149.48

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None currently available.

Evaluation Documents See also: Independent Evaluation

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Related Publications

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No tenders for this project were found.

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.