Notification on the cease of implementing DT#4 bidding package





Credit No.: 4505-VN

Assignment Title: Consultancy on development of DIV’s capacity building strategy and plan

Reference No. : DT#4

The Socialist Republic of Vietnam has received a credit in the amount of US$60 million from the International Development Association (IDA) toward the cost of the Financial Sector Modernization and Information Management System Project (FSMIMS) to support the State Bank of Vietnam (SBV), the Credit Information Center (CIC) and the Deposit Insurance of Vietnam (DIV) to improve the quality in delivering their main services in accordance with relevant international standards in the banking sector. As a part of the project, DIV intends to apply part of the proceeds for hiring a consulting firm to conduct the activities of the Consultancy on development of DIV’s capacity building strategy and plan.

On May 16th, 2016, DIV advertised the Request for Expression of Interest for DT#4 bidding package: “Consultancy on development of DIV’s capacity building strategy and plan” on the Bidding Newspaper No. 88. In July, 2016, DIV completed its evaluation of the Expressions of Interest (REOI) and Evaluation Report for REOIs. However, the decreasing fluctuation betwen SDR/USD (The currency in pursuant to the Financing Agreement signed between WB and the Vietnamese Government on 21st April, 2009 is SDR; The currency to be converted for implementing the project is USD) has resulted in the Project’s insufficient fund to implement DT#4 bidding package.

Pursuant to Decision No. 38/QĐ-BHTG dated February 09th, 2017 of DIV’s Board of Directors on the cease of DT#4 bidding package implementation, Pursuant to Decision No. 1454/QĐ-NHNN dated July 11th, 2017 of the Governor of the State Bank of Vietnam on the approval of the Vendor selection plan of FSMIMS project, DIV would like to inform all consulting firms which have submitted their Expressions of Interest for DI#4 bidding package on the cease of the bidding package.

The Deposit Insurance of Vietnam would like to express our sincere thanks to all concerned consulting firms.


Hanoi, July, 28th ,2017

Nguyen Linh Nam