|Project Name||Strengthening Microfinance Sector Operations and Supervision|
|Project Type / Modality of Assistance||Technical Assistance
|Source of Funding / Amount||
|Strategic Agendas||Inclusive economic growth
|Drivers of Change||Governance and capacity development
Private sector development
|Sector / Subsector||
Finance / Inclusive finance
|Gender Equity and Mainstreaming|
|Project Rationale and Linkage to Country/Regional Strategy|
|Impact||Deepened financial inclusion through enhanced MFI operations|
|Description of Outcome||Enhanced operational and supervisory capacity in microfinance|
|Progress Toward Outcome||In progress|
|Description of Project Outputs||
Provided training to MFIs, CCF/PCFs, and VBSP
Provided training to SBV, MOF and MPI supervisors
Established a network of formal microfinance training
Conducted knowledge sharing opportunities overseas
|Status of Implementation Progress (Outputs, Activities, and Issues)||
Since 2014, the TA has been focusing on: 1) microfinance and supervision related training (including development of materials) for microfinance sector players (like MFIs, PCFs, CoopBank, VMFWG, Banking Academy, VBSP) and regulators (SBV, BSA, MPI, MoF, ISA, NFSC; 2) promotion, familiarization with best practices and training of micro-insurance, and 3) establishment of a formal microfinance training network. In addition, project supported SBV and BSA in development of MFIs and PCFs prudential regulations and supervisory tools.
14 training courses were developed and organized covering a wide range of topics like on-site and off site supervision for microfinance sector regulators, strategic and business planning for MFIs, Micro-insurance regulatory environment and Developing a Microinsurance market for microinsurance sector. In total, 482 participants have benefited from the training courses organized under the TA: 345 participated in microfinance training courses and 137 in micro-insurance training, 248 participants came from the supervisory agencies. Of the beneficiaries, 308 were female and 154 male. Overall, the trainings were very well accepted and highly evaluated by mark 4.3 out of 5 (the best) in average.
Recently, the training courses are designed and implemented to support the implementation of new legal developments related to microfinance sector, for example, the PCFs and the Coop Bank activities in new legal environment, MFIs operating as agent for insurance companies with microinsurance products, etc.
These training courses have contributed to the capacity of supervisory body to supervise the microfinance sector in Viet Nam, and the capacity of microfinance institutions, microinsurance service providers to comply with new regulatory requirements in Viet Nam.
In the future, the training under the TA will continue to meet the actual needs of national stakeholders, including supervisory agencies and microfinance institutions and practitioners. This will include the hand-on training to some institutions to improve their institutional capacity and support them in the restructuring process, e.g. the TYM. Furthermore, the training activities will also focus on supporting microfinance institutions to comply with new regulations which have been issued recently by SBV, e.g. the recently issued SBV Circular 42 which changes PCF rating methodology, etc.
All the training activities are closely coordinated with Banking Academy Microfinance Center which is established under the previous ADB support through policy-based loans, aiming to strengthen the microfinance training network in Viet Nam.
|Summary of Environmental and Social Aspects|
|Stakeholder Communication, Participation, and Consultation|
|During Project Design||Consultative meetings were conducted with the Executing Agency and other stakeholders.|
|During Project Implementation||The TA inception mission was conducted in March 2014. The kick-off workshop was organized in May 2014 for stakeholders, and the feedback has been incorporated into a draft training plan. Subsequently, the training plan has been finalized for implementation. The first training for supervisors over the Vietnam Bank for Social Policies was conducted in June 2014. Three more training sessions were organized in 2014, on microinsurance in November, on-site supervision in December and off-site supervision in December.|
|Consulting Services||The TA will provide 18 person-months of international consulting services and 27 person-months of national consulting services. The consultants will work on an intermittent basis and engaged in accordance with ADB's Guidelines on the Use of Consultants (2010, as amended from time to time). Disbursements under the TA will be made in accordance with ADB's Technical Assistance Disbursement Handbook (2010, as amended from time to time).|
|Procurement||Equipment will be procured in accordance with ADB's Procurement Guidelines (2010, as amended from time to time).|
|Responsible ADB Officer||Nguyen, Duong T.|
|Responsible ADB Department||Southeast Asia Department|
|Responsible ADB Division||Public Management, Financial Sector and Trade Division, SERD|
State Bank of Vietnam
47-49 Ly Thai To Street
|Concept Clearance||19 Nov 2012|
|Approval||21 Jun 2013|
|Last Review Mission||-|
|Last PDS Update||29 Sep 2017|
|Approval||Signing Date||Effectivity Date||Closing|
|21 Jun 2013||13 Feb 2014||13 Feb 2014||30 Sep 2017||31 Mar 2018||-|
|Financing Plan/TA Utilization||Cumulative Disbursements|
|0.00||1,000,000.00||200,000.00||0.00||0.00||0.00||1,200,000.00||21 Jun 2013||632,308.29|
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|Title||Document Type||Document Date|
|Strengthening Microfinance Sector Operations and Supervision||Technical Assistance Reports||Jun 2013|
Safeguard Documents See also: Safeguards
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Evaluation Documents See also: Independent Evaluation
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