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

Countries
  • 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
Proposed
Bank Risk Rating
C
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
The State Bank of Vietnam
The holder of the loan, grant, or other investment.
Sectors
  • 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
5777+7329

Contact at State Bank of Vietnam
Tien Tran
Head of World Bank Division - International Cooperation Dept
tien.tranquang@sbv.gov.vn
842439343361

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