Skills and Knowledge for Inclusive Economic Growth Project (ADB-49122-004)

Countries
  • Vietnam
Where the impacts of the investment may be experienced.
Specific Location
National-wide
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 11, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of the Socialist Republic of Vietnam
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant, Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 78.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 75.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Grant Amount (USD)
$ 3.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 98.20 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Jan 30, 2019

Disclosed by Bank Dec 11, 2018


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Project Description

According to the bank document, the proposed project will continue its efforts to realign Viet Nam technical and vocational education and training (TVET) system with current and future labor market needs.

The project will upgrade the teaching and learning environments of national high-quality TVET institutes with up-to-date technology. These upgrades will enhance the quality of training programs for advanced skills in close collaboration with business communities. The grant will complement these activities by strengthening the quality of soft skills training and developing demand-driven short-term skills programs for women and youth in disadvantaged communities.

 

Investment Description
  • Asian Development Bank (ADB)

Skills and Knowledge for Inclusive Economic Growth for Disadvantaged Communities Project (Grant)

Japan Fund for Poverty Reduction US$ 3.00 million

Skills and Knowledge for Inclusive Economic Growth Project (Loan)

Asian Development Fund US$ 75.00 million

Counterpart US$ 20.20 million 

 

Contact Information

Executing Agencies

Ministry of Labor, Invalids and Social Welfare

No.2 Dinh Le Street
Hanoi, Vietnam

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main