Mainstreaming Small and Medium-Sized Enterprises Lending Project (ADB-51321-001)

Countries
  • Vietnam
Where the impacts of the investment may be experienced.
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
FI
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
Aug 29, 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
Joint Stock Commercial Bank for Investment and Development of Vietnam
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 200.00 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)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Jan 31, 2019

Disclosed by Bank Sep 3, 2018


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Project Description

According to ADB website, ADB will provide a senior unsecured loan to Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) of up to $200 million in up to two tranches in tenors of up to 5 years. ADB expects to syndicate a B loan of up to $100,000,000 among commercial banks and other eligible B loan participants on a best-effort basis and subject to market conditions.

Investment Description
  • Asian Development Bank (ADB)
Private Actors

Joint Stock Commercial Bank for Investment and Development of Vietnam provides various banking products and services for individuals, corporate customers, and financial institutions in Vietnam. It accepts various deposits products, such as bonds, current accounts, demand and fixed deposit accounts, promissory note/certificate of short term deposits, investment deposits, escrow accounts, long and short term valuable papers, securities trading deposits, demand deposits, and time deposits.

Contact Information

Borrower/Company: Joint Stock Commercial Bank for Investment and Development of Vietnam
No contact information provided at the time of disclosure.

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