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Viet Nam,Soc Rep of
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AOTA: (N) VIE 39100-01
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Project Name
Implementing the Regulatory and Supervisory Framework for Microfinance
Executing Agency
State Bank of Viet Nam
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Address
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47-49 Ly Thai To Street
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Hanoi, Viet Nam
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TA Amount (US$ '000)
240.00
Sector/Subsector
Finance /Microfinance
Date of First Listing
30 June 2005
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- Objectives and Scope
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The TA will contribute to the development of a sound regulatory and supervisory environment for the microfinance sector that encourages market-oriented, financially self-sustainable microfinance institutions (MFIs) that contribute to poverty reduction and the country's economic growth and prosperity. The TA will assist the Government to implement, monitor, and review the regulatory and supervisory framework embodied in Decree 28/2005/ND-CP on the Organization and Operation of MFIs in Viet Nam. Key outputs will include (i) revised, as appropriate, supervisory manuals and procedures that are consistent with the decree; (ii) revised, as appropriate, supervisory manuals and procedures that are consistent with the decree; (iii) improved capacity of SBV staff to carry out their duties and responsibilities to regulate and supervise microfinance; (iv) improved knowledge of mirofinance practitioners regarding their responsibilities under the new decree and the circulars, regulations, guidelines, and instructions to be issued; and (v) a framework for monitoring development of the sector.
- Consulting Services
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The TA will require 5.5 person-months of consulting services, including 4.0 person-months of international consulting and 1.5 person-months of domestic consulting. International consultants will include a microfinance and legal specialist/team leader (2.0 person-months) and a microfinance supervision specialist (2.0 person-months). The domestic consultant will be an accounting specialist (1.5 person-months).
- Project Processing Stage
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Fact-Finding Mission Completed
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20 May 2005
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- Recruitment of Consultants
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Recruitment of Consultants expected to take place around August 2005.
- Project Officer
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Brett Coleman (632-6709)
- Governance, Finance, and Trade Division, MKRD
- bcoleman@adb.org
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