IDF holds 5th Study Tour Program on MSME Financing and Development

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The ADFIAP’s Institute of Development Finance (IDF) in collaboration with The Vietnam Development Bank (VDB) conducted a Study Tour Program on Micro, Small & Medium-Scale Enterprise Financing & Development on April 26-29, 2010 in Hanoi, Vietnam. This event was attended by 20 participants, mostly senior officers of financial institutions and agencies from Bhutan, Palau, Vanuatu, Malaysia, India, and Thailand. The participants also included officers of private commercial banks in Vietnam. ADFIAP was represented by its Deputy Secretary General and concurrently Chief Executive of the IDF, Mr. Isidro A. Sobrecarey, and Senior Executive for Programs, Ms. Sandra Honrado.

The four-day program was designed to enhance the participants’ knowledge and understanding of MSME financing and development in Vietnam. VDB’s Deputy General Director, Dao Dung Ahn opened the program with her welcome message and a briefing on VDB’s financial programs for the development of the MSME sector in Vietnam. This was followed by Mr. Sobrecarey’s presentation on the role of Development of Financial Institutions, and then a briefing by Mr. Nguyen Throng Hieu, Deputy Director General of the Ministry of Planning and Industry about the policies and programs of the Vietnamese Government for the development of the MSME sector. The foreign participants then presented their respective institutions’ programs for MSME development. The participants were formally welcomed at a dinner hosted by Mr. Nguyen Quang Dung, Chief Executive Officer of VDB.

The program included visits to the Ministry of Planning and Investment, and meetings/briefings conducted by the Bank for Investment and Development of Vietnam as well as by two private commercial banks, Sacombank and Techombank. The participants also had the opportunity to visit large and SME projects in the provinces of Ninh Binh and Han Nam that are financed by the VDB.

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