Viet Nam : Supporting the Second Small and Medium-Sized Enterprises Development Program
Project Details
-
Project Officer
Gomez Reino, Juan L.
Southeast Asia Department
Request for information -
Country/Economy
Viet Nam -
Modality
-
Sector
- Finance
| Project Name | Supporting the Second Small and Medium-Sized Enterprises Development Program | ||||
| Project Number | 41360-016 | ||||
| Country / Economy | Viet Nam |
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| Project Status | Closed | ||||
| Project Type / Modality of Assistance | Technical Assistance |
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| Source of Funding / Amount |
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| Strategic Agendas | Environmentally sustainable growth Inclusive economic growth |
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| Drivers of Change | Governance and capacity development Private sector development |
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| Sector / Subsector | Finance / Small and medium enterprise finance and leasing |
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| Gender | |||||
| Description | |||||
| 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 |
| Timetable | |
|---|---|
| Concept Clearance | 30 Jul 2012 |
| Fact Finding | 26 Apr 2012 to 27 Apr 2012 |
| MRM | - |
| Approval | 04 Oct 2012 |
| Last Review Mission | - |
| Last PDS Update | 27 Mar 2015 |
TA 8184-VIE
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 04 Oct 2012 | 09 Apr 2013 | 09 Apr 2013 | 31 Dec 2013 | 31 Dec 2015 | 31 Mar 2016 |
| 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 | 17 Jun 2022 | 501,149.48 |
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| Title | Document Type | Document Date |
|---|---|---|
| Second Small and Medium-Sized Enterprises Development Program: Program Completion Report | Project/Program Completion Reports | Sep 2016 |
| Supporting the Second Small and Medium-Sized Enterprises Development Program | Technical Assistance Reports | Oct 2012 |
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