| Project Name | Financial Sector Development and Inclusion Program | ||||||||
| Project Number | 49331-002 | ||||||||
| Country | Viet Nam |
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| Project Status | Active | ||||||||
| Project Type / Modality of Assistance | Technical Assistance |
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| Source of Funding / Amount |
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| Strategic Agendas | Inclusive economic growth Regional integration |
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| Drivers of Change | Gender Equity and Mainstreaming Governance and capacity development Knowledge solutions Partnerships Private sector development |
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| Sector / Subsector | Finance / Banking systems and nonbank financial institutions - Finance sector development - Inclusive finance - Money and capital markets |
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| 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.