Vietnam-Partnership for Market Readiness (WB-P152797)

Countries
  • Vietnam
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
C
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
Jun 27, 2016
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
SOCIALIST REPUBLIC OF VIETNAM. Ministry of Natural Resources and Environment (MONRE)
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 3.00 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.
Project Cost (USD)
$ 3.60 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
Primary Source

Original disclosure @ WB website

Updated in EWS Sep 17, 2019

Disclosed by Bank May 1, 2015

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

BORROWER/RECIPIENT 0.60
Partnership for Market Readiness 3.00
Total 3.60


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: 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.

How it works

How it works