Vietnam Enabling Supply Chains (IFC-605890)

Countries
  • Vietnam
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Government of Vietnam
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Industry and Trade
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
Not Disclosed
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS May 8, 2023

Disclosed by Bank Jan 30, 2023

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The Project's key objective is to strengthen Vietnam’s supply chains targeting the Electrical & Electronics manufacturing sectors with key interventions through the following two main components:


1. Upgrading suppliers and enabling adoption of digital transformation (DT):
Building on the success of the pilot Supplier Development Program, the project will continue to support the MOIT and its subordinating agencies – Vietnam Industry Agency and Industrial Development Center – in supplier development with a focus on the E&E sector, including advanced supplier upgrading to climb value chains and undergo DT to improve efficiency.

2. Developing e-waste policies and regulations to support E&E supply chain sustainability:
The project will provide technical support the Ministry of Natural Resources and Environment (MONRE) in formulating a regulatory framework and establishing standards for e-waste management, including draft e-waste related Extended Producer Responsibility (EPR) provisions of a Decree guiding the 2020 Environment Law and secondary legislation detailing regulations related to e-waste. The Project will also support MONRE and the EPR office to implement the e-waste regulations, through Public Private Dialogues that provide private sector policy feedback to the government in this area.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
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Project contacts not available at the time of disclosure.

ACCESS TO INFORMATION

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ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org

How it works

How it works