Vietnam HCFC Phaseout Project Stage II (WB-P152232)

Countries
  • Vietnam
Where the impacts of the investment may be experienced.
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
Proposed
Bank Risk Rating
B
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
  • Climate and Environment
The service or industry focus of the investment. A project can have several sectors.
Project Cost (USD)
$ 14.64 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 Nov 16, 2017

Disclosed by Bank Apr 22, 2016


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Project Description
The project development objective is to reduce HCFC consumption in order to contribute to Vietnam’s efforts to meet its 2020 HCFC consumption phase-out obligations under the Montreal Protocol, as well as to reduce emissions of greenhouse gases in the manufacturing and use of refrigeration and air-conditioning equipments. The PDO indicators are (1) national HCFC consumption limited to a level not exceeding 199.08 ODP tons annually in 2016 through 2019, and 143.78 ODP tons from 2020 through 2024; and (2) CO2 emission reduced from the use of lower GWP alternatives and improved EE in refrigeration and AC equipment. Total phase-out amounts expected at the enterprise level will be captured by intermediate results indicators as will key sector-based policies and regulations. The main project beneficiaries will be selected refrigeration, AC and foam manufacturers. Service shops and end-users of refrigeration and AC equipment will be indirect beneficiaries of training and technical assistance. Other project stakeholders will include government agencies including, among others, MONRE, MOIT, MARD and Customs, and, the public who will benefit from more energy efficient, environmentally-friendly residential AC.
Investment Description
  • World Bank (WB)
Contact Information
I/World Bank Contact: Qing Wang Title: Senior Environmental Specialis Tel: 458-5023 Email: qwang1@worldbank.org II/Borrower/Client/Recipient Name: State Bank of Vietnam Contact: Mme. Doan Hoai Anh Title: Director General/ICD Tel: 84-439343361 Email: doanhoaianh@sbv.gov.vn III/Implementing Agencies Name: Ministry of Environment and Natural resources Contact: Nguyen Thi My Hoang Title: National Ozone Coordinator Tel: 0084-4-37955116 Email: nguyenmyhoang@gmail.com For more information contact: The InfoShop The World Bank 1818 H Street, NW Washington, D.C. 20433 Telephone: (202) 458-4500 Fax: (202) 522-1500 Web: http://www.worldbank.org/infoshop 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.