Evaluation Summary - Technical assistance for capacity building provided to Ho Chi Minh city Finance and Investment State-owned Company (HFIC)

In Vietnam, for the “Financial intermediaries” formal sector, the technical assistance for capacity building provided to Ho Chi Minh city Finance and Investment State-owned Company (HFIC) was subject to an evaluation in August 2017.

The project was implemented to help HFIC gain some of the expertise it needed in order to become a professional organization and to develop in a sustainable manner. HFIC has become a practical tool to mobilize capital for the city’s infrastructure development.

The evaluation noted the project’s relevance as well as the effectiveness of its implementation. Outputs aimed at improving the personnel’s technical and management capabilities were successively produced and the company continues to research and develop the tools necessary to sustain the personnel’s progression. The evaluation however notes the results achieved were less impressive as regards the capacity building of HFIC’s municipal stakeholders, partners and clients.