Market-Oriented Power Sector Reform Program, Subprogram 1 (ADB-49196-002)

Countries
  • Vietnam
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Canceled
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Government of Vietnam
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 170.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 170.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Jan 31, 2019

Disclosed by Bank Mar 26, 2018


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Project Description

According to ADB website, the government of Vietnam began a series of reforms in 2004 towards a competitive electricity market, power sector unbundling and restructuring, and market-based tariffs. However, reform results started to appear only recently with the Vietnam competitive generation market (VCGM) established as a single buyer model in 2012. Fundamental issue remain, however, resulting in deteriorating power sector sustainability due to constraints related to dominant public sector-led development, and from below-cost electricity tariffs. To address these issues, ADB has supported the government in further reform actions to develop the VCGM into the Vietnam wholesale electricity market (VWEM) as a multi-buyer model, to be followed by retail market development. This assistance is through the Market-oriented Power Sector Reform Program (MPSRP).

Investment Description
  • Asian Development Bank (ADB)
Contact Information

Executing Agency: Ministry of Industry and Trade
54 Hai Ba Trung St.
Hanoi, Viet Nam

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main