International Development Grant
Banking Sector Reform Project
Project Number: CA-3-A031629002
Status: Closed
Country/Region:
Maximum Contribution: $8,218,416.00
Start Date: March 02, 2005
End Date: June 30, 2010
Duration: 5.3 years
Project Description
The goal of the project is to improve regulation of the banking sector in Vietnam in order to facilitate private sector development and poverty-reducing economic growth. Working with the State Bank of Vietnam in support of the Government of Vietnam's banking sector reform strategy the project strengthens the banking sector in Vietnam through a targeted program of technical assistance and training to both the State Bank and select commercial banks. This assistance is expected to improve the State Bank's overall organization and management its ability to carry out its banking supervision functions in a more open market-oriented economy and strengthen the governance and operations of commercial banks.
Progress & Results Achieved
Results achieved as of the end of the project include: this project has provided technical advice in the drafting and revision of two key laws in Vietnam: Credit Institutions and Banking Supervision. Approximately 1 000 State Bank of Vietnam employees have received extensive training in bank supervision and risk management assessment including coaching and training to support the design of a manual on risk-based supervision. Changes to the State Bank of Vietnam's organization structure were proposed and a new structure was approved by the National Assembly. These results have contributed to strengthening the management and supervision function of the State Bank of Vietnam and to modernizing and strengthening the banking system in Vietnam including preparing a risk management regulation and a framework for harmonizing banking sector regulation.
Key Information
Executing Agency:
IBM Canada Ltd.
Reporting Organization:
Global Affairs Canada
Program:
OGM Indo-Pacific
Last Modified:
September 19, 2025
Development Classifications
DAC Sector:
Aid Type: Donor country personnel
Collaboration: Bilateral
Finance Type: Aid grant excluding debt reorganisation
Selection Mechanism:
Pre-APP