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$1,020,476.00 (Project budget includes all project-funded activities)
Last Updated Date
Apr 3, 2020
Project Estimated Start Date
Apr 1, 2019
Project Estimated End Date
Jun 30, 2021
Project Description
The overall goal of the Project is to improve financial performance (reduced costs of capital, higher valuations, and/or improved loan terms), and operational efficiency (improved operations and/or clearer roles) by promoting better corporate governance practices among companies in Vietnam.
Development Results
The overall goal of the Project is to continue supporting the advancement of good corporate governance (CG) practices in Vietnam, and thereby help companies attract investment and improve performance. Specifically, the Project aims to strengthen the capacity of the Vietnam Institute of Directors (VIOD), working with regulators to improve the existing law and regulations related to corporate governance (CG) and deepen the impact of CG by helping companies implement good CG practices.
Indicator
Calendar Year 2020 Results
Cumulative Results as of 2020
Number of workshops, training events, seminars, conferences, etc.
4
6
Number of entities receiving advisory services
3
30
Number of entities receiving in-depth advisory services
2
6
Number of new laws/regulations/amendments/codes/government policies drafted, or contributed to the drafting
3
4
Number of participants in workshops, training events, seminars, conferences, etc.
61
162
Number of participants providing feedback on satisfaction
24
29
Number of participants reporting satisfied or very satisfied with workshops, trainings, seminars, conferences, etc.
24
29
Number of trainers trained
7
12
Number of entities that implemented recommended changes
1
1
Number of workshops, training events, seminars, conferences, etc. conducted with/by partners
11
30
Number of individuals trained by project-trained people and/or institutions
403
1,353
Number of recommended laws/regulations/amendments/codes enacted or government policies adopted
3
4
Number of entities trained by partners
88
329
Number of women trained by project-trained people and/or institutions
194
663
Value of IFC financing facilitated (US$)
0
0
Number of entities reporting improved performance (e.g., improvements in productivity, accountability, operations, loan terms, valuations)
1
1
Sales revenue (US$)
195,000
419,000
Value of financing facilitated (US$)
0
0
Number of entities accessing investment/financing
0
0
E&S Risks / Impacts and Mitigation
Performance Standard
Description & Potential Impact
Mitigation
PS 3. Resource Efficiency and Pollution Prevention
We do not foresee any risk in this area. The reason is the same as the one mentioned under the risk PS1, namely our selection process acts as a filter.
Through our selection process.
PS 2. Labor and Working Conditions
We do not foresee any risk in this area. In general, through our work, companies will be driven to improve the general environment at the company level, which in return should have a positive impact at the labor and working conditions level. Furthermore, as mentioned for the risk PS1, our selection process acts as a filter against companies which could pose a risk in the E&S field.
Through our selection process.
PS 1. Assessment and Management of Environmental and Social Risks and Impacts
IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards.
IFC team continues to provide advice consistent with relevant Performance Standards and has made recommendations for appropriate mitigation measures.
Press-Release
Additional Documents
Similar Projects
This Summary of Advisory Services Project Information (ASPI) is prepared by IFC to disclose a factual summary of the main elements of this advisory services project. It may also include findings and recommendations related to environmental and social considerations regarding this project. The purpose of the ASPI is to enhance the transparency of IFC's activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the client. IFC considers that this ASPI is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed within sixty days of project's approval and may be updated periodically afterwards. Total budget and start dates are estimates only. The following ASPI is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.
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