Vietnam: Strengthening Banking Sector Soundness and Development (WB-P171375)

  • Vietnam
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
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.
The State Bank of Vietnam
The holder of the loan, grant, or other investment.
  • Finance
  • Law and Government
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.
Project Cost (USD)
$ 2.27 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 @ WB website

Updated in EWS Sep 17, 2019

Disclosed by Bank Jun 25, 2019

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Project Description

According to the bank, the project seeks to achieve: "(i) A legal framework better aligned with international standards and good practice including evolving standards for banking resolution; (ii) A more robust regulatory and supervisory framework, reflected in improved compliance with several Basel Core Principles (BCPs), that will help ensure the safety and soundness of the banking system; (iii) A more efficient and effective VAMC equipped with actual tools/mechanisms to resolve NPLs of commercial banks; and (iv) Strengthened SBV's macroprudential management capacity to better anticipate and manage potential risks emanating from the banking sector, thereby enhancing overall financial sector stability."

Risk Category: "Low risk"

Investment Description
  • World Bank (WB)

Non-WB funding: Vietnam Free-standing Trust Fund Program - 2.27 million USD

Contact Information

Contact at WB
Viet Quoc Trieu
Senior Financial Sector Specialist

Contact at State Bank of Vietnam
Tien Tran
Head of World Bank Division - International Cooperation Dept


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