Page 1 CONFORMED COPY The World Bank 1818 H Street N.W. (202) 477-1234 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Washington, D.C. 20433 Cable Address: INTBAFRAD INTERNATIONAL DEVELOPMENT ASSOCIATION U.S.A. Cable Address: INDEVAS June 23, 2010 H.E. Nguyen Van Giau Governor State Bank of Vietnam Socialist Republic of Vietnam Re: IDF Grant for Development of Legal Foundation of Banking Sector (TF058269) Amendment to the Grant Agreement_____ Excellency: We refer to the IDF Grant Agreement dated July 3, 2007 (the “Grant Agreement”), entered into between the Socialist Republic of Vietnam (the “Recipient”) and the International Bank for Reconstruction and Development (“World Bank”), for the above-mentioned project. We also refer to the letter dated June 7, 2010, from Ms. Doan Hoai Anh, Deputy Director General, International Cooperation Department, State Bank of Vietnam, requesting to amend the Grant Agreement to include the study tours under the Grant Agreement. 1. We are pleased to inform you that the Bank concurs with your request and consequently, the Grant Agreement is amended as follows: 2. The table under paragraph 3.1 of the Annex to the Grant Agreement is amended to include study tours under category (2) of the table and read as follows: 3. Withdrawals up to an aggregate amount not to exceed $31,600 equivalent may be made for payments made prior to this date but on or after June 11, 2010 for the “Study Tours” as indicated under Category (2) of the disbursement table of paragraph 3.1 of the Annex to the Grant Agreement. Category Amount of the Grant Allocated (expressed in USD) Percentage of Expenditures to be Financed (inclusive of Taxes) (1) Consultants’ Services 279,000 100% (2) Training and Workshops, and Study Tours 41,000 100% TOTAL AMOUNT 320,000 Page 2 Except as specifically amended by this amendment letter, all provisions of the Grant Agreement otherwise remain in full force and effect. Please confirm your agreement to the foregoing by signing the form of confirmation set forth below, and returning one fully executed original of this amendment letter to us and retaining one original of the letter for your records. This amendment letter shall become effective as of the date of the countersignature. Very truly yours, INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT By Victoria Kwakwa Authorized Representative AGREED: SOCIALIST REPUBLIC OF VIETNAM By Nguyen Van Giau Name Nguyen Van Giau Title Governor Date July 2, 2010