IDF holds microfinance & community development STP in Vietnam

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STP VietnamADFIAP’s professional training and career development unit, the Institute of Development Finance (IDF), in collaboration with the Hanoi-based Microfinance & Community Development Institute (MACDI), conducted a study tour program (STP) on Vietnamese microfinance and community development in Hanoi, Vietnam from May 26-31, 2014. Seven (7) participants of ADFIAP-member institutions from Oman, Malaysia and Palau attended the program.

The STP was aimed at enhancing the participants’ knowledge and understanding of microfinance and poverty alleviation in the context of Vietnam. The activity was also geared towards providing a fuller understanding of the significant role that financial institutions play in the development of, not only Vietnam’s economy and its poverty alleviation effort, but also the development of micro, small and medium enterprise (MSME) sector in their respective countries. The 5-day program has been structured to give a more relevant and practical perspective on MSME financing and development by incorporating different avenues of learning.

As an STP introduction, the participants were given an overview of the economy, postwar reconstruction, macroeconomic instability, public investment and financial sector of Vietnam. Banks and microfinance institutions visited included the Vietnam Development Bank (VDB), Vietnam Bank for Social Policies, TYM Fund, Microfinance Fund for Community Development Institute (MFCDI) of MACDI. Microfinance site visits were undertaken in the areas of Nam Son and Soc Son. The participants also met with local authorities and beneficiaries to understand how non-financial support plays an important role in implementing successful microfinance projects.

ADFIAP was represented in the program by its Senior Executive on Programs, Mrs. Sandra C. Honrado. The STP group was warmly welcomed to Hanoi by the MACDI Director, Mrs. Duong Thi Hai Yen and Training Executive, Mrs. Hoang Bao Ngoc (Jenny).

For interest in study tour programs conducted by the IDF and/or any course related to development banking and sustainable development, please email inquiries@adfiap.org

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