The ADFIAP’s Institute of Development Finance (IDF) in coordination with the Japan International Cooperation Agency (JICA) and the Japan Economic Research Institute (JERI) successfully organized the Study Tour Program for Vietnam Development Bank (VDB) on August 23 to 27, 2010 in Manila, Philippines. The theme of the program was “Institutional Capacity Development for Development Finance and Credit Risk Management Enhancement with Reference to the Philippine Experience”. There were ten participants from BDV and Vietnam’s Ministry of Planning headed by Mr. Tran Cong Hoa, Director, Policy Development Department of VDB, and Mr. Vu Ngoc Hung, Deputy Director, Monetary and Finance Department of the Ministry of Planning.
The five-day program was designed to familiarize the VDB participants with the experience of financial institutions in the Philippines that are engaged in the development banking and finance in relation to the VDB Development Strategy 2010-2015 and Vision to 2020. These financial institutions included the “Bangko Sentral ng Pilipinas (Central Bank of the Philippines), Philippine’s Department of Finance, Development Bank of the Philippines, Asian Development Bank, Land Bank of the Philippines, Small Business Corporation, and the Philippine Export-Import Credit Agency.
During the course of the program, the participants were able to learn the following experiences of these institutions: their history and how they evolved in relation to the economic and social conditions of the country; development and implementation of business strategy to address and balance their development mandate (in the case of government-owned institutions) and market expectation to be commercially profitable (stockholders and depositors being among the major stakeholders); portfolio management, particularly with regard to liquidity and risk management; credit processes to include rating and scoring systems; role of these institutions in the development of the local financial and capital markets; and personnel training and institutional capacity-building programs.
ADFIAP was represented by Mr. Isidro A. Sobrecarey, Deputy Secretary General and Chief Executive, IDF and Ms. Sandra Honrado, Senior Executive for Programs. JERI was represented by Hirohiko Sekiya, Chief Consultant, International Bureau; Hiromasa Kondo, Director, International Department I; and Miyuki Sato, Research Analyst, International Bureau.