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ASEM TRUST FUND II Vietnam’s Implementation Status - June, 2006

ASEM TRUST FUND II Vietnam’s Implementation Status - June, 2006. Mr. Nguyen Ba Toan Deputy Director General International Cooperation Department, Ministry of Finance Brusells, June 28 th , 2006. ASEM TRUST FUND II Vietnam’s Implementation Status - June, 2006. Contents: Background

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ASEM TRUST FUND II Vietnam’s Implementation Status - June, 2006

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  1. ASEM TRUST FUND IIVietnam’s Implementation Status - June, 2006 Mr. Nguyen Ba Toan Deputy Director General International Cooperation Department, Ministry of Finance Brusells, June 28th , 2006

  2. ASEM TRUST FUND IIVietnam’s Implementation Status - June, 2006 Contents: • Background • Status of implementation • Assessment

  3. ASEM TRUST FUND IIVietnam’s Implementation Status - June, 2006 1. Background • ASEM TF2 support to VN economic reform & sustainable growth • Three pillars • Economic reform • Social programs and human resources • Public administration and governance

  4. ASEM TRUST FUND IIVietnam’s Implementation Status - June, 2006 1. Background (Cont.,) • TA received from different donors (IFIs, EC and members, Japan, etc) • ATF 1 & 2 are important supporting sources • Focus on financial system reform and social policy reform

  5. ASEM TRUST FUND IIVietnam’s Implementation Status - June, 2006 1. Background (Cont.,) • 17 grants: • 6 projects in banking sector • 4 projects in corporates reform • 7 projects in social sectors and human resources • Total amount of 9.2 mill. USD • $ 6.9 mil., for financial sector • $ 2.3 mil., for social programs • Closing date: 30 June, 2006

  6. ASEM TRUST FUND IIVietnam’s Implementation Status - June, 2006 2. Implementation Status: • 6 projects completed for total disbursement of $2,47 mil., over the granted amount of $2,60 mil.,

  7. ASEM TRUST FUND IIVietnam’s Implementation Status - June, 2006 2. Implementation Status (Cont.,) • 4 projects requested for extension to the end of July and August.

  8. ASEM TRUST FUND IIVietnam’s Implementation Status - June, 2006 2. Implementation Status (Cont.,) • 7 projects are in final step to complete reports and closing procedure

  9. Vietnam: ASEM TRUST FUND IIVietnam’s Implementation Status - June, 2006 3. Assessment Overall outcomes • Effective implementation and satisfaction to all recipient agencies and ICSC • Promoted acceleration of restructure process of SOE sector including state-owned commercial banks (400 SOEs and more than 15,000 workers) • Establishment of the Social Safety Net Fund (SSN) and run by well-trained government officials in line with international best practices

  10. Vietnam: ASEM TRUST FUND IIVietnam’s Implementation Status - June, 2006 3. Assessment (Cont.,) • Successful training programs, surveys and information dissemination in line with poverty reduction strategy and human resources development. Lessons and Experiences: • ASEM TF procedures and disbursement to be learnt by the implementation agencies • Regular meetings of ICSC for effective implementation of the granted projects • Closer coordination among WB officers, ICSC members and staff of recipient agencies

  11. Vietnam: ASEM TRUST FUND IIVietnam’s Implementation Status - June, 2006 Recommendations: • Continuation of ASEM support to member economies is crucial and strongly recommended. • ASEM support should be based on specific needs of individual country, given that its modality and a new instrument might defer from the ASEM TF2 in accordance with the process of regional and global cooperation and integration.

  12. ASEM TRUST FUND IIVietnam’s Implementation Status - June, 2006 THANK YOU FOR YOUR ATTENTION

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