According to AIIB website, "the Project, supported by a non-sovereign-backed loan to Vietnam Prosperity Joint Stock Commercial Bank (VP Bank) under the COVID-19 Response Facility, would expand VP Bank's working capital and trade-related lending program to private sector enterprises in Vietnam, including small and medium enterprises impacted by COVID-19 pandemic.
The Project will be co-financed with the International Finance Corporation (IFC), and the Project’s environmental and social (ES) risks and impacts have been assessed in accordance with IFC’s Policy on Environmental and Social Sustainability Policy (PESS), and its Exclusion List (EL)."
IFC: up to US$100 million IFC A Loan and up to US$50 million IFC B1 Loans
AIIB: up to USD100 million
Phuong Vo Hang
Head of FI / Transaction Banking, Vietnam Prosperity Joint Stock Commercial Bank (VP Bank)
Principal Investment Officer, AIIB
ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.aiib.org/en/contact/information-request/index.html.
ACCOUNTABILITY MECHANISM OF AIIB
The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides “an opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIB’s failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.” Two or more project-affected people can file a complaint. Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply. You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html.
The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html.