Viet Nam: Financial Law Consultant

Hanoi

Viet Nam: Financial Law Consultant

Location
Vietnam
Contract Type
Individual Consultant (Deliverable)
Grade
Individual Consultant E
Salary scale
Individual Consultant Scale
Contract Duration
1 Sep 2017 - 30 Apr 2018
Date to close
22/08/2017
Ref No
VN1-310717/Financial Law

 

Contract

Project

Viet Nam: “Enhance policy for mobilizing finance source to promote green growth implementation in Viet Nam”

Consultant Title

Financial Law Consultant

Expertise

Category

Advisory Support – level  E

Location

Duty Station

Home based (Ha Noi, Viet Nam)

Contract Length

Start Date

1 September  2017

End Date

30 April 2018

Part-time/Full-time

Part – time

Contract Value

Estimated Days

65 days

Estimated Budget

USD 7,600

Specifics of Recruitment

Introduction:

The Global Green Growth Institute (GGGI) is a new international organization committed to strong, inclusive green growth. GGGI assists developing and emerging countries with integrating their ambitions for strong economic performance and environmental sustainability with the goal of bringing about poverty reduction, job creation, social inclusion, and climate change mitigation and adaptation.

 

Headquartered in Seoul, GGGI was established by treaty in June 2012 at the United Nations Rio+20 Conference by an initial group of eighteen nations who share the organization’s vision. To date, there are total of 27 Member Countries which have joined the organization.

GGGI has a diverse portfolio of programs in developing countries around the world. These in-country programs, together with global products and services, focus on delivering results through an integrated approach of evidence-based green growth planning and implementation aligned to countries’ development priorities. The organization also focuses on knowledge development and management activities which build a strong theoretical and empirical basis for green growth, while providing concrete options and guidance for policymakers, as well as building the countries’ conditions for scaling-up financial resources for green investments. 

Currently Viet Nam is restructuring its economy towards more comprehensive development so that rapid and sustainable economic development will go hand-in-hand with environmental protection and social security, while ensuring international obligations such as Viet Nam’s Nationally Determined Contribution (NDC) and the Sustainable Development Goals (SDGs).

Green growth has been high on the government’s agenda as the main pathway for sustainable development. In 2012 the Government approved the National Green Growth Strategy (VGGS) and two years later, in 2014 the National Green Growth Action Plan (GGAP).

Despite a solid foundation for green development, many challenges remain unresolved. At a cost of US$30 billion, VGGS implementation demands a significant increase in current financing sources. Give the increasing limited ODA grants and concessional loans due to the middle-income country status, Viet Nam must develop new sources of finance for green growth investments. In this context, the government views private-sector finance as an important source of green investment.

At present, Vietnam has about 600,000 enterprises, of which about 500,000 are SMEs, therefore greening SMEs’ business is important to achieve the government agenda.   

Within the Ministry of Planning and Investment, the SME Development Fund was established (SMEDF) in 2013 to support the development of SMEs in Vietnam, including towards greener and low-emission production.  

As part of the technical assistance project with MPI “Enhance policy for mobilizing finance source to promote green growth implementation in Viet Nam”, GGGI is supporting the SMEDF in implementing its mandate to support SMEs in contributing to Vietnam’s green growth agenda.  In particular, one of the outcomes of the project is that the Handbook on green credit for SMEs (SMEs Green Credit Handbook) will be developed and adopted by SMEDF. This work will be done by a team of two consultants under the supervision of GGGI and close collaboration with SMEDF, namely:

  1. Green Credit consultant: the lead expert in the development of the SMEs Green Credit Handbook, providing expert inputs with regards to integrating green indicators to SMEDF’s lending scheme.
  2. Financial Law consultant: the supporting expert in the development of the SMEs Green Credit Handbook, providing expert inputs with regards to the compatibility of the green indicators with the financial laws and regulatory framework in Vietnam.

This Terms of reference is for the recruitment of the Financial Law Consultant to develop the SMEs Green Credit Handbook.

Objectives/Purpose of the Assignment:

The objective of this assignment is to provide technical support to the SME Development Fund (SMEDF) to develop the SMEs Green Credit Handbook to integrate green growth indicators in SMEDF’s lending scheme for SMEs.

Scope of work: 

In 2014-2016, GGGI has partnered with UNDP to support MPI to develop the Investment Guidelines for Green Growth (IGGG). The IGGG were developed as an investment planning tool to assist line ministries, provinces and cities to plan public investments for approval by MPI. By developing the SMEs Green Credit Handbook aiming at applying green criteria and indicators defined in IGGG, MPI through SMEDF can: (i) Mobilize more resources form private sector for green investment; (ii) Support SMEs to scale up green businesses in Viet Nam; (iii) Support SMEs to access green credit for their business, leading to green jobs creation and making SMEs meet better national requirements of environment protection.   

The tasks for the Financial Law Consultant include:

  1. Research Viet Nam’s legal framework: the Financial Law Consultant is expected to to conduct a research of Viet Nam’s legal framework in relation to promoting green businesses and financing for SMEs in Viet Nam, in collaboration with the Green Credit consultant.   
  2. Prepare recommendations on applying the international practices identified as part of the “Review of International Best Practices on Green Lending for SMEs” prepared by GGGI: As part of the wider support to SMEDF, GGGI is preparing a report reviewing the international practices on promoting green lending to SMEs. Based on this report, the Financial Law Consultant shall support the Green Credit consultant, to conduct recommendations on if and how the international practices of promoting green lending for SMEs can be applied in Vietnam, especially considering Vietnam’s regulatory context and financing conditions for SMEs. These inputs will form a chapter of the report. This chapter is expected to provide guidance for the development of the SMEs Green Credit Handbook. 
  3. Prepare the outline of the SMEs Green Credit Handbook:  The Financial Law Consultant is expected to provide inputs in preparation of an outline of the SME Green Credit Handbook, together with the Green Credit Consultant, to submit to GGGI.  
  4. Prepare the first draft of the SMEs Green Credit Handbook and submit to GGGI and SMEDF for endorsement. The consultant is expected to provide inputs in the 1st draft of the Handbook to ensure that the Handbook will follow Viet Nam’s related laws and regulations and submit to SMEDF and GGGI for endorsement.
  5. Support SMEDF and GGGI to consult with relevant stakeholders on the first draft of the Handbook at a consultation workshop: the Financial Law Consultant is expected to:
  • Prepare necessary materials for the workshop related to his/her respective inputs of the Handbook. The workshop materials must be approved by GGGI and SMEDF before presented for consultation.
  • Support the Green Credit Consultant to collect and collate comments from stakeholders on the first draft of the Handbook for further analysis
  • Provide inputs in preparation of the workshop report   
  1. Prepare the 2nd draft of the SMEs Green Credit Handbook:
  • Provide inputs in analyzing comments received from the workshop;
  • Ensure that the comments taken in the revised draft of the Handbook will follow Viet Nam’s related laws and regulations.
  1. Finalize the draft Handbook following official consultation: the 2nd draft of the Handbook is expected to send out for official consultation with relevant ministries and stakeholders by SMEDF. Following this round of official consultation, the Financial Law Consultant is expected to:
  • Support the Green Credit consultant in collation and analysis of official comments on the 2nd draft from related government agencies/organisations.
  • Provide inputs in finalization of the draft Handbook based on these comments and any other comments from SMEDF and GGGI.  
  1. Providing training on the SMEs Green Credit Handbook to SMEDF’s staff and relevant banks:   the Financial Law Consultant is expected to:
  • Support the Green Credit Consultant to develop training materials and submit to GGGI and SMEDF for approval.
  • Provide inputs in training in the training workshops

 

Output/Reporting Requirements/Deliverables

The consultant will be expected to incorporate comments from GGGI and SMEDF before the deliverables are approved. The deliverables can be delivered in Vietnamese, except for where indicated otherwise.

Deliverables

Due Date

Payment (% of contract value)

Work Plan

18 Aug 2017

25%

Legal framework research

25 Aug 2017

Recommendations on application of International best practice for SMEDF (one chapter of the international practice review) – to be delivered in English (payment milestone)

 8 Sept 2017

Outline of Credit Handbook

15 Sept 2017

35%

First Draft of the Handbook

13 Oct 2017

Workshop materials

 10 Nov 2017

Workshop report (payment milestone)

17 Nov 2017

Second draft of the Handbook for consultation

1 Dec  2017

30%

Analysis of written feedbacks from stakeholders

12 Jan 2018

Final draft of the Handbook

19 Jan 2018

FINAL HANDBOOK for submission to MPI (payment milestone)

 2 Mar 2018

Training materials

15 April 2018

10%

Training workshops (payment milestone)

31 May 2018

 

 

Qualifications/Experience/Expertise

-   Master in Law, Financial Law, Business Law or related fields

-   At least 15 years of professional experience in the legal related or justice areas in Vietnam, with sound understanding of laws and regulations on business finance/banking or SMEs. 

-   Proven experience with development of training materials and/or learning programs is a strong advantage.

-   Demonstrated experience in researching, advisory and consulting. Experience in research and/or implementation of law or regulation development-related projects is preference.

-   Ability to work under pressure. Capable to team working. Strong interpersonal and collaboration skills.

-   Fluency in Vietnamese and English is required, with excellent writing skills.

 

Before applying, please make sure that you have read the requirements for the position and that you qualify.
Applications from non-qualifying applicants will most likely be discarded by the recruiting manager.
Apply
  • Organization: Global Green Growth Institute
  • Location: Hanoi
  • Grade: International Consultant
  • Occupational Groups:
    • Finance and Banking
  • Closing Date: 2017-08-27

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