ADB is helping Viet Nam carry out policy reforms for its poverty reduction program in cooperation with other development partners. The program will support a wide range of policy reforms in the areas of business development, social inclusion, natural resource management, and governance. Subprogram 1 will provide parallel financing with the World Bank's Poverty Reduction Support Credit (PRSC) 7.
|Project Name||Support for the Implementation of the Poverty Reduction Program V (Program Cluster) - Subprogram 1|
|Project Type / Modality of Assistance||Loan
|Source of Funding / Amount||
|Strategic Agendas||Environmentally sustainable growth
|Drivers of Change||Governance and capacity development
|Sector / Subsector||
Public sector management - Economic affairs management
|Gender Equity and Mainstreaming||No gender elements|
|Project Rationale and Linkage to Country/Regional Strategy||Viet Nam has made remarkable progress in poverty reduction over the last 15 years by carrying out a broad range of policy reforms to foster sustainable and inclusive economic growth and strengthen social protection. Since 2002, an increasing number of multilateral and bilateral development agencies have supported these reforms through the World Bank led PRSC process. The PRSC process comprises several closely related activities jointly undertaken each year by participating development agencies to help the Government carry out policy reforms needed for the successful implementation of its poverty reduction strategy. The process involves the preparation of Viet Nam development reports by participating agencies, consultations on the policy matrices for PRSCs among participating agencies and between these agencies and the Government, and general budget support (in the form of grants and concessional loans) to Viet Nam by participating agencies to cover some of the costs of the policy reforms to the budget. The World Bank coordinates PRSC activities for the participating development agencies. ADB joined the PRSC process in 2003 and has taken part in all PRSC activities since then. In 2004 2007, ADB approved four single tranche standard program loans (one loan every year) to Viet Nam to support, through the PRSC process, the implementation of the Government's poverty reduction programs. SIPRPs I III provided parallel financing with the World Bank's PRSCs 3 5, respectively, in support of the implementation of the Government's Comprehensive Poverty Reduction and Growth Strategy 2002 2010. SIPRP IV provided parallel financing with PRSC 6 in support of the implementation of SEDP 2006 2010. With SIPRP V, ADB will stay involved in the PRSC process through 2010, that is, until the implementation of SEDP 2006 2010 is completed. This will enable ADB to promote, with relatively modest financing, a wide spectrum of policy reforms that are essential for the successful implementation of SEDP 2006 2010. Consequently, the proposed program cluster will help ADB achieve the strategic objective of its country strategy and program 2007 2010 for Viet Nam, which is to help the Government reduce the poverty rate to 10% 11% by 2010 through the successful implementation of SEDP 2006 2010. Furthermore, continued participation in the PRCS process will provide ADB with another means of coordinating its activities in Viet Nam with those of other development agencies. SIPRP V will help ADB fulfill its obligations under the Rome Declaration on Harmonization (2003), the Paris Declaration on Aid Effectiveness (2005), and the Hanoi Core Statement on Aid Effectiveness (2005).|
|Impact||The intended impact of SIPRP V is a continued reduction in poverty in Viet Nam in 2008 2010 and beyond. Its expected outcome is the successful implementation of the Government's SEDP 2006 2010, which will not only reduce poverty in 2006 2010 but also improve Viet Nam's economic competitiveness and strengthen the foundations for sustainable and inclusive growth and a continued reduction in poverty beyond 2010.|
|Description of Outcome||The intended impact of SIPRP V is a continued reduction in poverty in Viet Nam in 2008 2010 and beyond. Its expected outcome is the successful implementation of the Government's SEDP 2006 2010, which will not only reduce poverty in 2006 2010 but also improve Viet Nam's economic competitiveness and strengthen the foundations for sustainable and inclusive growth and a continued reduction in poverty beyond 2010.|
|Progress Toward Outcome|
|Description of Project Outputs||The outputs of the program cluster are various government documents (such as laws, decrees, and roadmaps) issued in 2007 2010 with the aim of keeping the target policy reforms on track during 2008 2010.|
|Status of Implementation Progress (Outputs, Activities, and Issues)|
|Geographical Location||Viet Nam|
|Summary of Environmental and Social Aspects|
|Stakeholder Communication, Participation, and Consultation|
|During Project Design|
|During Project Implementation|
|Consulting Services||not applicable|
|Responsible ADB Officer||Konishi, Ayumi|
|Responsible ADB Department||Southeast Asia Department|
|Responsible ADB Division||Viet Nam Resident Mission|
State Bank of Vietnam
Mr. Le Minh Hung
47-49 Ly Thai to Street, Ha Noi, Viet Nam
|Concept Clearance||26 Jun 2008|
|Fact Finding||25 Jun 2008 to 27 Jun 2008|
|MRM||29 Aug 2008|
|Approval||08 Dec 2008|
|Last Review Mission||-|
|PDS Creation Date||16 Jul 2008|
|Last PDS Update||16 Jul 2009|
|Approval||Signing Date||Effectivity Date||Closing|
|08 Dec 2008||29 Dec 2008||20 Apr 2009||31 Dec 2009||-||15 May 2009|
|Financing Plan||Loan Utilization|
|Total (Amount in US$ million)||Date||ADB||Others||Net Percentage|
|Project Cost||32.14||Cumulative Contract Awards|
|ADB||25.00||08 Dec 2008||24.67||0.00||100%|
|Cofinancing||0.00||08 Dec 2008||24.67||0.00||100%|
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.
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|Title||Document Type||Document Date|
|Support the Implementation of the Poverty Reduction Programs IV and V||Project/Program Completion Reports||Sep 2013|
|Loan Agreement for Support for the Implementation of the Poverty Reduction Program V (Program Cluster) - Subprogram I between the Socialist Republic of Viet Nam and Asian Development Bank dated 29 December 2008||Loan Agreement (Special Operations)||Dec 2008|
|Support for the Implementation of the Poverty Reduction Program V - Subprogram 1||Reports and Recommendations of the President||Nov 2008|
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|
|Viet Nam: Support the Implementation of the Poverty Reduction Programs IV and V||Validations of Project Completion Reports||Aug 2014|
None currently available.
The Public Communications Policy (PCP) 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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