Socialist Republic of Viet Nam: Rural Enterprise Finance Project
sector: Finance | country: Viet Nam, Socialist Republic of
The lessons highlighted in the project completion report (PCR) were valuable; for instance, the use of an appropriate executing agency (Vietnam Bank for Agriculture and Rural Development/VBARD and Central Credit Fund/CCF in this case) was critical to the successful implementation of the project. Concepts that are novel and complex within the country context (like the joint-liability groups, non-collateralized loans and rural business centers/RBCs) require sufficient development and preparation before they are rolled out for implementation; it is unfortunate that the predecessor technical assistance (TA) 3227-VIE did not incorporate these. There were no apparent incentives for project management to properly assess project impacts, so the collection and use of baseline data and strengthening of overall monitoring of beneficiaries need a stronger institutional push.