Vietnam-Partnership for Market Readiness (WB-P152797)

Countries
  • Vietnam
Where the impacts of the investment may be experienced.
Specific Location
VIetnam
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
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.
Voting Date
Jun 27, 2016
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
SOCIALIST REPUBLIC OF VIETNAM. Ministry of Natural Resources and Environment (MONRE)
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
  • Infrastructure
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)
$ 3.00 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)
$ 3.60 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 Sep 17, 2019

Disclosed by Bank May 1, 2015


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Project Description

The development objective of Partnership for Market Readiness Project is to strengthen the government of Vietnam’s capacity to develop market-based instruments to reduce greenhouse gas (GHG) emissions.

Component 1: Strengthening capacity for developing carbon pricing approaches, including through supporting priority building blocks for Market Based Instruments – MBIs Comments (optional).
Component 2: Readiness to pilot selected market-based instruments Comments (optional).
Component 3. Program management and stakeholder engagement facilitation Comments (optional) This component will support MONRE to guide the implementation of the proposed activities and other MBI-related activities in Vietnam.

This component would also support enhanced stakeholder engagement and communication efforts, including the reporting of Partnership for Market Readiness-PMR project implementation progress to the NCCC - National Climate Change Competition.

Investment Description
  • World Bank (WB)

BORROWER/RECIPIENT 0.60
Partnership for Market Readiness 3.00
Total 3.60

Contact Information

I/World Bank
Contact: Christophe Crepin
Title: Practice Leader; Environment and Natural Resources Global Practice
Tel: +1 (202) 473-9727
Email: ccrepin@worldbank.org

II/Borrower/Client/Recipient
Name: Socialist Republic of Vietnam
Contact: Mr. Nguyen Van Tue
Title: Director General of Department of Meteorology, Hydrology and Climate Change
(DMHCC), MONRE
Tel:
Email: nguyenvantue.hms@gmail.com

III/Implementing Agencies
Name: Ministry of Natural Resources and Environment
Contact: Mr. Truong Duc Tri
Title: Deputy Director General of Department of Meteorology, Hydrology and Climate
Change (DMHCC), MONRE
Tel: +84 912287998
Email: tri@inbox.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.