Vietnam Industry Energy Efficiency for Industrial Enterprises(VEEIE) (WB-P151086)

Countries
  • Vietnam
Geographic location where the impacts of the investment may be experienced.
Specific Location
National-wide - the Energy Sector
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • World Bank (WB)
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
FI
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."
Voting Date
Apr 14, 2017
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
GOVERNMENT OF VIETNAM. PARTICIPATING BANKS
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity, Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 101.70 million
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.
Project Cost (USD)
$ 158.00 million
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.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ WB website

Updated in EWS Jul 22, 2019

Disclosed by Bank Jan 15, 2015

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

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 objective of the Energy Efficiency for Industrial Enterprises (VEEIE) for Vietnam is to improve energy efficiency in Vietnam's industrial sector. The project has 2 components:

(1) Energy Efficiency Investment Lending component consists of an Energy Efficiency lending program. An Operational Manual (OM) was developed, which outlines selection criteria for subborrowers and subprojects, appraisal procedures, roles and responsibilities of the Participating Financial Institutions (PFIs) and the government, the PFIs’ internal institutional arrangement for project implementation, technical evaluation, environmental and social assessment, procurement, and financial management frameworks that are consistent with the Bank and the Vietnamese government rules and procedures. During project implementation, the PFIs will be responsible for identifying, appraising and financing subprojects that meet the criteria in the OM and will bear all associated risks.

(2) Project Implementation Support component will provide technical assistance and capacity building support to Ministry of Industry and Trade on Project monitoring and supervision, including audits of project activities and safeguards implementation.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

According to the bank document, the project category is FI - Financial Intermediary Assessment. However, the project triggers Safeguard Policies as Environmental Assessment OP/BP 4.01, Physical Cultural Resources OP/BP 4.11, Indigenous Peoples OP/BP 4.10, Involuntary Resettlement OP/BP 4.12.

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

BORROWER/RECIPIENT 56.30
International Bank for Reconstruction and Development 100.00
International Development Association (IDA) 1.70
Total 158.00


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

I.World Bank:
Contact: Franz Gerner
Title: Lead Energy Specialist
Tel: 5777+7309 /
Email: fgerner@worldbank.org

Contact: Thi Ba Chu
Title: Energy Specialist
Tel:
Email: tchu@worldbank.org

II.Borrower/Client/Recipient
Name: Socialist Republic of Vietnam
Contact: Doan Hoai Anh
Title: Director General
Tel: 84439343366
Email: anh.doanhoai@sbv.gov.vn

III.Responsible Agency:
Ministry of Industry and Trade
Contact: Dang Huy Cuong
Title: General Director
Telephone No.: +84-4-393-878-35
Email: bbt@moit.gov.vn

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.

How it works

How it works