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Viet Nam: Financial Sector Development and Inclusion Program

Sovereign (Public) Project | 49331-002 Status: Active

Project Details

Project Officer
Stephen Schuster Southeast Asia Department Request for information
Country
  • Viet Nam
Modality
  • Technical Assistance
Sector
  • Finance
 
Project Name Financial Sector Development and Inclusion Program
Project Number 49331-002
Country Viet Nam
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 9101-VIE: Financial Sector Development and Inclusion Program
Technical Assistance Special Fund US$ 900,000.00
TA 9101-VIE: Financial Sector Development and Inclusion Program (Supplementary)
Government of Australia US$ 1.10 million
Strategic Agendas Inclusive economic growth
Regional integration
Drivers of Change Gender Equity and Mainstreaming
Governance and capacity development
Knowledge solutions
Partnerships
Private sector development
Sector / Subsector

Finance / Banking systems and nonbank financial institutions - Finance sector development - Inclusive finance - Money and capital markets

Gender Equity and Mainstreaming Some gender elements
Description
Project Rationale and Linkage to Country/Regional Strategy
Impact
Project Outcome
Description of Outcome
Progress Toward Outcome
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Nation-wide
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation The TA became effective on 10 February 2017 and was planned to be closed on 30 September 2019. To date, 4 international and 4 national experts have been engaged to support the implementation of the TA activities. Key activities under output 1 which have been completed were (i) technical advice provided to address the legal impediments for resolution of problem banks and non-performing loans and (ii) a study visit conducted in June 2017 to Singapore to better understand the new supervisory tools to monitor and manage financial stability. Key activities under output 2 were (i) completion of the review of the current laws on securities, investment, and enterprise to support the revision of the Securities Law; (ii) ongoing capacity development for the regulators and market participants in derivatives, and (iii) a study visit conducted in December 2018 to Netherlands to study the primary dealer system for government bonds. Under output 3, the following activities were conducted: (i) review of the draft National Financial Inclusion Strategy; and (ii) workshop on financial technology conducted in September 2018. Other ongoing activities under the TA include: (i) supporting the implementation of the Basel II standardized approach by developing a study on the establishment of a centralized database solution at the Credit Information Centre; and (ii) supporting the review of taxes and fees applied to the securities market. An extension of TA completion date and increase in TA amount is bring prepared to finance proposed additional activities until September 2021.
Responsible ADB Officer Stephen Schuster
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
Hanoi
Vietnam
Timetable
Concept Clearance -
Fact Finding -
MRM -
Approval 22 Apr 2016
Last Review Mission -
Last PDS Update 29 Mar 2019

TA 9101-VIE

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
22 Apr 2016 10 Feb 2017 10 Feb 2017 30 Sep 2019 21 Apr 2021 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
900,000.00 1,100,000.00 0.00 0.00 0.00 0.00 2,000,000.00 22 Apr 2016 444,408.91

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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Evaluation Documents See also: Independent Evaluation

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Related Publications

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Tenders

Tender Title Type Status Posting Date Deadline
Establishment of a Microfinance Wholesale Lending Facility Firm - Consulting Closed 21 Aug 2019 27 Aug 2019
Establishment of a Domestic Credit Rating Agency-National Legal Advisor Individual - Consulting Closed 20 Jul 2019 26 Jul 2019
Strengthening National Financial Literacy (Web Design & Development Expert ) Firm - Consulting Closed 18 Jul 2019 24 Jul 2019
Establishment of a Domestic Credit Rating Agency-International Financial Advisor Individual - Consulting Closed 28 May 2019 17 Jun 2019
Establishment of a Domestic Credit Rating Agency-National Financial Advisor Individual - Consulting Closed 28 May 2019 17 Jun 2019
International Tax Expert Individual - Consulting Closed 16 Mar 2019 22 Mar 2019
Derivatives Training Expert (Legal and Regulatory Expert) Individual - Consulting Closed 22 Sep 2018 26 Sep 2018
International Insurance Law and Regulation Expert Individual - Consulting Closed 22 Sep 2018 28 Sep 2018
Derivatives Training Expert (Derivatives Products Expert) Individual - Consulting Closed 12 Sep 2018 18 Sep 2018
National Legal Specialist Individual - Consulting Closed 10 Aug 2018 16 Aug 2018
National Inclusive Finance Expert Individual - Consulting Closed 22 Jul 2018 28 Jul 2018
International Money Market Expert Individual - Consulting Closed 18 Jul 2018 22 Jul 2018
Viet Nam: Review of Bond Market Taxes and Fees Individual - Consulting Closed 30 Jun 2018 06 Jul 2018
Financial Sector Development and Inclusion Program (national bond market expert) Individual - Consulting Closed 24 Oct 2017 30 Oct 2017
Review of Bond Market Taxes and Fees Individual - Consulting Closed 07 Sep 2017 13 Sep 2017
Support to formulate Law on supporting the restructuring of credit institutions and NPL resolution Individual - Consulting Closed 31 Aug 2017 06 Sep 2017

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.