The project was initiated in the meeting on harmonization of assistance procedures and practices among the five banks (i.e. the World Bank, ADB, JBIC, KfW and AFD). The proposed harmonization focused on project preparation, particularly on the standards and procedures of the Government of Vietnam (GoV) and the five banks. The objective of the study was to provide support for ongoing work both at the GoV and at the five banks in project cycle harmonization and attempt to provide consolidated documentation to act as a reference for the GoV and donors on best practice in project preparation.