fbpx 46482-001: Strengthening Microfinance Sector Operations and Supervision | Asian Development Bank

Viet Nam: Strengthening Microfinance Sector Operations and Supervision

Sovereign (Public) Project | 46482-001 Status: Closed

Project Details

Project Officer
Nguyen, Duong T. Southeast Asia Department Request for information
  • Viet Nam
  • Technical Assistance
  • Finance
Project Name Strengthening Microfinance Sector Operations and Supervision
Project Number 46482-001
Country Viet Nam
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8391-VIE: Strengthening Microfinance Sector Operations and Supervision
Japan Fund for Poverty Reduction US$ 1.00 million
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
Project Outcome
Description of Outcome Enhanced operational and supervisory capacity in microfinance
Progress Toward Outcome In progress
Implementation 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.

The training courses were 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.

The trainings met 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 also focused 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.

The TA will be financially closed by 30 June 2018.

Geographical Location
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
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.
Business Opportunities
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
Executing Agencies
State Bank of Vietnam
47-49 Ly Thai To Street
Concept Clearance 19 Nov 2012
Fact Finding -
Approval 21 Jun 2013
Last Review Mission -
Last PDS Update 02 Apr 2018

TA 8391-VIE

Approval Signing Date Effectivity Date Closing
Original Revised Actual
21 Jun 2013 13 Feb 2014 13 Feb 2014 30 Sep 2017 31 Mar 2018 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
0.00 1,000,000.00 200,000.00 0.00 0.00 0.00 1,200,000.00 21 Jun 2013 968,026.07

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.

The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

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.

Related Publications

None currently available.

The Access to Information Policy (AIP) 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.

Requests for information may also be directed to the InfoUnit.


No tenders for this project were found.

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.