Viet Nam : Vietnam International Bank Supporting Small and Medium-Sized Enterprises and Improving Living Conditions Project

Nonsovereign Project | 53427-001

A proposed loan of up to $200,000,000 to Vietnam International Commercial Joint Stock Bank (VIB), comprising (i) a senior unsecured A loan of up to $100,000,000; and (ii) a B loan of up to $100,000,000 for the Supporting Small and Medium-sized Enterprises and for Improving Living Conditions project in Viet Nam. The proposed loan to VIB, one of the leading joint stock banks in Viet Nam, will provide critically needed financing to the underserved segment of small and medium-sized enterprises (SMEs).

Project Details

  • Project Officer
    Rafiq, Adnan
    Private Sector Operations Department
    Request for information
  • Country/Economy
    Viet Nam
  • Sector
    • Finance
Project Name
Vietnam International Bank Supporting Small and Medium-Sized Enterprises and Improving Living Conditions Project
Project Number
53427-001
Borrower / Company
  • Vietnam International Commercial Joint Stock Bank
Country / Economy
  • Viet Nam
Location
Nation-wide
Type or Modality of Assistance
Approval Number Facility Fund Source Amount Status
4049 Loan Ordinary capital resources USD 100.00 million Committed
CF95 B-Loan Other USD 100.00 million Committed
Operational Priorities
  • OP1: Addressing remaining poverty and reducing inequalities
  • OP2: Accelerating progress in gender equality
  • OP4: Making cities more livable
Sector / Subsector
  • Finance / Small and medium enterprise finance and leasing

Gender
Effective gender mainstreaming
Project Sponsor(s)
    Description
    A proposed loan of up to $200,000,000 to Vietnam International Commercial Joint Stock Bank (VIB), comprising (i) a senior unsecured A loan of up to $100,000,000; and (ii) a B loan of up to $100,000,000 for the Supporting Small and Medium-sized Enterprises and for Improving Living Conditions project in Viet Nam. The proposed loan to VIB, one of the leading joint stock banks in Viet Nam, will provide critically needed financing to the underserved segment of small and medium-sized enterprises (SMEs).
    Objectives and Scope
    Linkage to Country/Regional Strategy

    Safeguard Categories

    Environment
    FI
    Involuntary Resettlement
    FI-C
    Indigenous Peoples
    FI-C

    Summary of Environmental and Social Aspects

    Environmental Aspects
    Involuntary Resettlement
    Indigenous Peoples
    Stakeholder Communication, Participation, and Consultation

    Contact

    Responsible ADB Officer
    Rafiq, Adnan
    Responsible ADB Division
    Portfolio Management Division, PSOD
    Responsible ADB Department
    Private Sector Operations Department

    Timetable for assistance design, processing, and implementation

    Concept Clearance
    29 Sep 2020
    Credit Committee Meeting
    06 Nov 2020
    Approval
    19 Mar 2021
    Last PDS Update
    19 Mar 2021

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    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

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    Related Publications

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