Expanding Inclusive and Climate Finance

Viet Nam has taken important steps to strengthen the finance sector and begin to integrate technology into the system through the adoption of a National Strategy for Development of the Digital Economy, National Financial Inclusion Strategy, Plan for Digital Transformation of Banking Sector by 2025 with Orientations Towards 2030. The COVID-19 pandemic and the restrictions on physical movements led to a spike in digital financial transactions. However, it has also exposed some weaknesses related to the development of digital finance in the country. To further develop the overall digital transformation of the finance sector, support is needed to address the following key barriers: (i) underdeveloped regulatory framework, (ii) outdated financial infrastructure, (iii) limited collaboration among market players, and (iv) limited capacity and knowledge among key stakeholders The proposed project aims to spur the growth of digital banking and innovative financial services in order to increase overall access overall to finance, especially by SMEs and through the use of fintech. The TA will have the following objectives: (i) policy and regulatory foundations for fintech strengthened and (ii) capacity for digital finance developed.

Qualifications: 
  • Postgraduate degree in finance, accounting, business administration, or economics
  • Previous professional experience (a minimum of 10 years) business administration, enterprise development, management of a financial institution, or other relevant fields
  • Experience in working on similar projects would be advantageous.
  • Excellent written and verbal communication skills in English is required.
  • Familiarity with national practices in and regulations for the finance sector and use of technology.
  • Fluency in English and Vietnamese

Scope of work:
The expert will work closely with a team of legal, digital finance, financial literacy experts, financial institutions, and relevant government staff to ensure the timely delivery of the outputs. The SME expert will work closely with his or her international counterpart to assess the financial institutions’ capacities to use digital technology to reach SMEs and other underrepresented clients, develop recommendations for those financial institutions, and support the implementation of those recommendations

Start / Duration: 

230  working days over the period of 56 months from October 2023 on

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