Viet Nam: Support for Financial Development and Inclusion Program

Sovereign (Public) Project | 49331-003 Status: Proposed

The project facilitates the implementation of reforms under subprogram 2 of Financial Sector Development and Inclusion Program (FSDIP). The TA will look to enhance the capacity of the implementing agencies to undertake the reforms. In particular, the TA will reduce the potential for financial instability by supporting the State Bank of Vietnam's efforts to address the non-performing loan (NPL) overhang and the need to restructure the banking sector. In addition, the TA will support the government's efforts to address the next set of development constraints by improving market liquidity, and supporting efforts to encourage the development of a professional institutional investor base. Finally, the TA will encourage financial inclusion through both traditional and nontraditional means.

Project Details

Project Officer
Nguyen, Duong T. Southeast Asia Department Request for information
Country
  • Viet Nam
Sector
  • Finance
 
Project Name Support for Financial Development and Inclusion Program
Project Number 49331-003
Country Viet Nam
Project Status Proposed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA: Support for Financial Development and Inclusion Program
Technical Assistance Special Fund US$ 900,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Knowledge solutions
Private sector development
Sector / Subsector

Finance - Finance sector development - Inclusive finance - Infrastructure finance and investment funds - Money and capital markets

Gender Equity and Mainstreaming Some gender elements
Description The project facilitates the implementation of reforms under subprogram 2 of Financial Sector Development and Inclusion Program (FSDIP). The TA will look to enhance the capacity of the implementing agencies to undertake the reforms. In particular, the TA will reduce the potential for financial instability by supporting the State Bank of Vietnam's efforts to address the non-performing loan (NPL) overhang and the need to restructure the banking sector. In addition, the TA will support the government's efforts to address the next set of development constraints by improving market liquidity, and supporting efforts to encourage the development of a professional institutional investor base. Finally, the TA will encourage financial inclusion through both traditional and nontraditional means.
Project Rationale and Linkage to Country/Regional Strategy Having recognized the development constraints in the financial sector and the impact on economic performance and macroeconomic stability, the government is determined to undertake financial sector reforms. To support the government's efforts, ADB has been providing support through a series of program loans and technical assistance projects. This project will support the government with the implementation of reforms envisaged under subprogram 2 of the Financial Sector Development and Inclusion Program. The TA is aligned with the Country Partnership Strategy, 2016-2020, and the government's Socio-Economic Development Plan, 2016-2020. The TA is included in ADB's country operations business plan, 2017-2019 for delivery in 2017.
Impact
Outcome
Outputs
Geographical Location
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
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
Hanoi
Vietnam
Timetable
Concept Clearance -
Fact Finding 13 Feb 2017 to 17 Feb 2017
MRM -
Approval -
Last Review Mission -
Last PDS Update 10 Apr 2017

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Related Publications

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