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Estimated Total Budget Pending (Project budget includes all project-funded activities)
Last Updated Date
May 4, 2024
Project Estimated Start Date
Jul 1, 2021
Project Estimated End Date
Jun 30, 2023
Project Description
The Project will provide technical support and advocate for key reforms to strengthen the Vietnam’s NPL market by addressing specific regulatory issues that constrain NPL resolution in practice and private sector investment in distressed assets.
Development Results
It is expected that the Land Law and other relevant existing laws/regulations are revised and enacted to enable key reforms to: i) the Land Law to address the issue of land mortgages for offshore lenders and ii) NPL-related provisions in the Law on Credit Institutions to enhance the NPL framework for the private sector participation.
Indicator
Cumulative
Number of entities that implemented recommended changes
null
Investment generated (US$)
null
Number of recommended laws/regulations/amendments/codes enacted or government policies adopted
null
Number of entities receiving advisory services
null
Number of new laws/regulations/amendments/codes/government policies drafted, or contributed to the drafting
null
Number of participants in workshops, training events, seminars, conferences, etc.
null
Number of reports (assessments, surveys, manuals, Phase I/strategic option reports, research, analytical, evaluations, etc.) completed
null
Number of women participants in workshops, training events, seminars, conferences, etc.
null
Number of workshops, training events, seminars, conferences, etc.
null
E&S Risks / Impacts and Mitigation
Performance Standard
Description and Potential Impact
Mitigation
PS 1. Assessment and Management of Environmental and Social Risks and Impacts
As part of its Due Diligence, and as mandated by IFC Sustainability Policy, IFC team will screen this project to assess consistency with IFC's Performance standards. Environmental and social risks will be further reviewed throughout the life-cycle of the project.
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 in gaining a good understanding of IFC's Performance Standards and provide recommendations for appropriate mitigation measures whenever warranted.
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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