PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

601106

Primary Business Area

Finance and Markets

Disclosure Date

May 19, 2016

Country

Viet Nam

Region

East Asia and the Pacific

IFC Approval Date

Jan 6, 2016

Status

Completed

Estimated Total Budget

$1,300,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Feb 2, 2023

Project Estimated End Date

Dec 31, 2018

Project Description

The project will work with relevant industry stakeholders to improve the enabling environment and sector capacity to accelate the adoption of payments and other financial services. Specific support will include enhancing the legal framework, strengthening the financial infrastructure, and promoting innovative payment products and services.
Under one of its component, the Project will support The National Payment Corporation of Vietnam (NAPAS) in the development of central payments infrastructure & related services that can help expand access to appropriate digital payments and financial services. NAPAS plans to establish the first Automatic Clearing House (ACH) in Vietnam and provide access to financial infrastructure for payments by financial institutions and/or payment services providers

Development Results

E&S Risks / Impacts and Mitigation