| Financier | Commitments |
|---|---|
| Vietnam - Free-standing Trust Fund Program | 2.32 |
Vietnam: Strengthening Banking Sector Soundness and Development
Abstract*
The Vietnam Strengthening Banking Sector Soundness and Development Trust Fund (V-SBSSD TF) is a 5 -year (2018–2023) World Bank and Recipient executed technical assistance project established to enhance the capacity of the State Bank of Vietnam (SBV) to implementreforms aligned with international standards and good practice in line with the aspirations outlined in the comprehensive Banking Restructuring Plan 2016-2020 and the subsequent 2025 Banking... Show More
Development Objective
The development objective of the Project is to strengthen the soundness and development of the banking sector by enhancing the capacity of the SBV to address structural weaknesses in the banking system.
Key Details
Project Details
P171375
Closed
Viet Trieu , Katia D'Hulster
The Socialist Republic of Vietnam
June 25, 2019
(as of board presentation)
September 17, 2019
October 1, 2019
US$ 2.32 million
The State Bank of Vietnam
2020
US$ 2.32 million
N/A
April 18, 2023
October 31, 2024
Yes
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | N/A |
| Lending Instrument | |
|---|---|
| Grant Amount | 2.32 |
| Total Project Cost** | 2.32 |
Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025
No data available.
Detailed Financial Activity as of February 28, 2025
No data available.
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Progress towards achievement of PDO | Moderately Satisfactory | 2022-08-31 |
| Overall | Satisfactory | 2022-08-31 |
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2022-08-31 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
A draft revision of the Credit Institution Law Value No No Yes Date July 1, 2019 August 1, 2022 April 28, 2023 Comment BSA operational capacity strengthened according to the essential criteria of the respective BCPs (BCP 8, 9 risk-based supervision) Value No No Yes Date July 1, 2019 August 1, 2022 April 28, 2023 Comment Improved VAMC's capacity to resolve NPLs and lead the bad-debt market Value No Yes Yes Date July 1, 2019 August 1, 2022 April 28, 2023 Comment Monetary and Financial Stability Department (MFSD) strategy and action plan being implemented Value No Yes Yes Date July 1, 2019 August 1, 2022 April 28, 2023 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Report on the assessment of the Credit Institution Law Value No Yes Yes Date July 1, 2019 August 1, 2022 July 1, 2020 Comment Risk-based supervision gap analysis report Value No Yes Yes Date July 1, 2019 August 1, 2022 July 1, 2020 Comment Training courses for VAMC staff on collateral valuation Value No Yes Yes Date September 28, 2018 August 1, 2022 July 1, 2020 Comment Assessment and action plan for the improvement of quality and accuracy of macro prudential data Value No Yes Yes Date September 28, 2018 August 1, 2022 July 1, 2021 Comment