Original disclosure @ WB website
Updated in EWS Apr 4, 2021
Disclosed by Bank Jun 25, 2019
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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"
Non-WB funding: Vietnam Free-standing Trust Fund Program - 2.27 million USD
1/ World Bank Contact
Viet Quoc Trieu
Senior Financial Sector Specialist
Lead Financial Sector Specialist
Tel No.: 5740+6429/
Borrower: The State Bank of Vietnam
Contact: Vu To
Title: Director General of the International Cooperation Department
Tel No: 842439343361
Contact: Tien Tran
Title: Head of World Bank Division - International Cooperation Dept
Tel No: 842439343361
Implementing Agency: Ministry of Finance
Title: Director General of the Banking and Financial Institution Department
Tel No: 842422202828
The World Bank
1818 H Street, NW
Washington, D.C. 20433
Telephone: (202) 473-1000
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