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

Countries
  • Vietnam
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
Bank Risk Rating
FI
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.
Voting Date
Apr 14, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
GOVERNMENT OF VIETNAM. PARTICIPATING BANKS
The holder of the loan, grant, or other investment.
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, etc.
Investment Amount (USD)
$ 101.70 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. 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, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS May 8, 2019

Disclosed by Bank Jan 15, 2015


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

Project 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

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
  • World Bank (WB)

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

Contact Information

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.