Expanding Inclusive and Climate Finance

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finance sector, support is needed to address the following key barriers: (i) underdeveloped regulatory framework, (ii) outdated financial infrastructure, (iii) limited collaboration among market players, and (iv) limited capacity and knowledge among key stakeholders The proposed project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 commercial and financial law and/or finance and recognized professional experience (a minimum of 10 years) in a law firm.
• Experience in work involving anti-money laundering in the management of crypto and virtual assets, intermediate payments, and cybersecurity and data security issues.
• Ability to work across a group of diverse stakeholders.

Scope of work:

• The key role of the legal expert is to support the team leader with the review of relevant laws and regulations, provide legal advice on new or revised frameworks within the digital finance ecosystem, roles and responsibilities of different stakeholders, necessary changes in relevant laws and regulations, identify any legal impediments and recommend solutions. The expert will participate in all discussions with relevant stakeholders, provide legal advice and prepare draft legal documents.

Start / Duration:

300 working days over the period of 56 months from October 2023 on
Client:
Asian Development Bank (ADB)
Position:
International Legal Expert
Region:
South-Eastern Asia
Country:
Viet Nam
Languages:
undefined
Nationality:
open
Status:
Forecast
Deadline:
31.07.2023
Sector:
Financial Sector Development

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