Support for Financial Development and Inclusion Program (ADB-49331-003)

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
Proposed
Bank Risk Rating
U
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.
Borrower
Government 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)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.90 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 Apr 4, 2021

Disclosed by Bank Apr 10, 2017


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Project Description

According to ADB website, the project facilitates the implementation of reforms under subprogram 2 of Financial Sector Development and Inclusion Program (FSDIP). The TA will look to enhance the capacity of the implementing agencies to undertake the reforms. In particular, the TA will reduce the potential for financial instability by supporting the State Bank of Vietnam's efforts to address the non-performing loan (NPL) overhang and the need to restructure the banking sector. In addition, the TA will support the government's efforts to address the next set of development constraints by improving market liquidity, and supporting efforts to encourage the development of a professional institutional investor base. Finally, the TA will encourage financial inclusion through both traditional and nontraditional means.

Investment Description
  • Asian Development Bank (ADB)
Contact Information

Executing Agency: State Bank of Vietnam
47-49 Ly Thai To 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