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                                        DOCUMENTS                     Supplemental Letter No. 2


     JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM
                       198 Tran Quang Khai Street
                                Ha Noi
                               Viet Nam

                                                                                            ,2014
                                                                  StwA2xer Ol
International Development Association
1818 H Street, N.W.
Washington, DC 20433
United States of America

                   Re:          Credit No. 5249
                                (Inclusive Innovation Project)
                                Representations

Dear Sirs and Mesdames:

        In connection with the Project Agreement of even date between International
Development Association (the Association), and Joint Stock Commercial Bank for Foreign Trade
of Vietnam (the Project Implementing Entity), the Project Implementing Entity hereby undertakes
and warrants to the Association that:

1.     The financial statements dated December 31, 2013, copies of which have been furnished
       to the Association, correctly set forth the financial and operating condition of the Project
       Implementing Entity as of that date, and since that date there have been no material
       adverse changes in the financial and operating condition of the Project Implementing
       Entity.

2.     The Project Implementing Entity is not engaged in litigation as plaintiff or defendant, the
       outcome of which might materially and adversely affect its financial condition.

3.     Except as set forth in the financial statements referred to in paragraph I above, the
       Project Implementing Entity has no outstanding agreements or liabilities, contingent or
       otherwise (including taxes), which might adversely affect its financial condition.

4.     Except as set forth in the financial statements referred to in paragraph I above, no debt of
       the Project Implementing Entity is secured by any mortgage, pledge, charge, priority, or
       lien, and no contract or arrangement exists for the creation of any such mortgage, pledge,
       charge, priority, or other lien.

5.     There are no existing defaults in the payment of principal of, or interest or other charges
       on, any of the debts of the Project Implementing Entity.

6.     The Project Implementing Entity is not in violation of, and execution and delivery of the
       Project Agreement and compliance with all its terms do not and will not result in any
       violation of, any provisions of any existing agreement, franchise, concession, license, or
       permit, or of any law, regulation, or any other legal rule of a similar nature presently in
       effect and applicable to the Project Implementing Entity.
7.     The Project Implementing Entity is a duly existing corporation under the laws of the
       Socialist Republic of Vietnam with full authority to carry out its present business, to
       carry out the Project, and to execute and deliver the Project Agreement, and has furnished
       to the Association true copies of its Charter dated April 23, 2014 and Business
       Registration Certificate Number 0100112437 dated June 2, 2008, which Business
       Registration Certificate was issued by the Department of Planning and Investment of
       Hanoi People's Committee and renewed for the tenth time on July 29, 2014, and of all
       other legislation presently in force and effect and governing or applicable to the
       operations of the Project Implementing Entity, as well as of its statutes and by-laws
       presently in effect and governing the Project Implementing Entity.

        It is our understanding that, in making the Credit and entering into the Project Agreement
with the Project Implementing Entity, the Association may rely on the representations contained
herein.

                                          Sincerely yours,

     JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNANI?Z




                                By
                                     Authorized Representative