Viet Nam: COVID-19 Relief for Women-Led Small and Medium-Sized Enterprises

Sovereign Project | 54233-001

Project Name COVID-19 Relief for Women-Led Small and Medium-Sized Enterprises
Project Number 54233-001
Country / Economy Viet Nam
Project Status Active
Project Type / Modality of Assistance Grant
Source of Funding / Amount
Grant 0781-VIE: COVID-19 Relief for Women-Led Small and Medium-Sized Enterprises
Women Entrepreneurs Finance Initiative US$ 5.00 million
Strategic Agendas Inclusive economic growth
Drivers of Change Gender Equity and Mainstreaming
Governance and capacity development
Private sector development
Sector / Subsector

Finance / Small and medium enterprise finance and leasing

Gender Equity and Mainstreaming Gender equity
Project Rationale and Linkage to Country/Regional Strategy
Impact Economic recovery accelerated
Project Outcome
Description of Outcome

Businesses of eligible enterprises affected by COVID-19 revived and sustained

Eligible enterprises must qualify as small and medium-sized enterprises by either (i) borrowing for an original principal amount between $5,000 and $1 million or (ii) meeting 2 out of the 3 following sub-criteria: (a) between 10 and 300 employees, (b) total assets between $100,000 to $15 million, and (c) annual sales between $100,000 and $15 million.

Eligible enterprises must also qualify as women-led or women-owned businesses by either (i) being at least 51% owned by a woman or women; or (ii) meeting all of the following 3 sub-criteria: (a) at least 20% owned by a woman or women, (b) a woman as senior or second most senior executive, and (c) at least 30% of the board members are women (where a board exists).

Progress Toward Outcome
Implementation Progress
Description of Project Outputs Access to finance for eligible enterprises affected by COVID-19 improved
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Nation-wide
Safeguard Categories
Environment C
Involuntary Resettlement C
Indigenous Peoples C
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 Chu, Minh Thi Hong
Responsible ADB Department Southeast Asia Department
Responsible ADB Division Viet Nam Resident Mission
Executing Agencies
Asia Commercial Joint Stock Bank
442 Nguyen Thi Minh Khai Street, Ward 5, District 3, Ho Chi Minh City, Viet Nam
Asian Development Bank
6 ADB Avenue,
Mandaluyong City 1550, Philippines
Joint Stock Commercial Bank for Investment and Development of Viet Nam
BIDV Tower, 35 Hang Voi, Hoan Kiem, Hanoi, Viet Nam
Sai Gon-Ha Noi Commercial Joint Stock Bank
77 Tran Hung Dao Street., Hoan Kiem District., Ha Noi, Viet Nam
State Bank of Vietnam
[email protected]
47-49 Ly Thai To Street
State Bank of Vietnam
47-49 Ly Thai To Street
Tien Phong Commercial Joint Stock Bank
57 Ly Thuong Kiet Str., Hoan Kiem Dist, Ha Noi, Viet Nam
Vietnam Prosperity Joint Stock Commercial Bank
89 Lang Ha Street, Lang Ha ward, Dong Da District, Ha Noi, Viet Nam
Concept Clearance 13 Mar 2022
Fact Finding 23 Apr 2020 to 23 Apr 2020
MRM 23 Jul 2020
Approval 09 Dec 2020
Last Review Mission -
Last PDS Update 09 Dec 2020

Grant 0781-VIE

Approval Signing Date Effectivity Date Closing
Original Revised Actual
09 Dec 2020 22 Dec 2020 12 Apr 2021 30 Jun 2023 - -
Financing Plan Grant Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 5.02 Cumulative Contract Awards
ADB 0.00 17 Jun 2022 0.00 1.41 28%
Counterpart 0.02 Cumulative Disbursements
Cofinancing 5.00 17 Jun 2022 0.00 3.94 79%

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Safeguard Documents See also: Safeguards
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Evaluation Documents See also: Independent Evaluation

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Related Publications

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Contracts Awarded

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Procurement Plan

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