Sustainable Fishery Development Project (WB-P171352)

Countries
  • Vietnam
Geographic location where the impacts of the investment may be experienced.
Specific Location
Thanh Hoa, Quang Tri, Binh Dinh, Khanh Hoa, Ninh Thuan, Binh Thuan, Soc Trang, Kien Giang, Ca Mau
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
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
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."
Borrower
Ministry of Finance
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
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)
$ 300.00 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.
Loan Amount (USD)
$ 300.00 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)
$ 300.00 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
Primary Source

Original disclosure @ WB website

Updated in EWS Mar 27, 2020

Disclosed by Bank Jul 13, 2019

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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.

According to the bank document, "the proposed project aims to develop and upgrade infrastructure, enhancing management capacity and value of products, developing sustainable fisheries. Specific objectives include

i) to develop infrastructure, and improve the capture fisheries efficiency;

ii) to develop infrastructure for hatcheries, culturing key species (i.e shrimp, Tra/Catfish, and so on), to improve productivity and quality and environmental protection;

iii) to strengthen the capture fishery and aquaculture management capacity;

iv) to apply and transfer advanced technologies for capture fisheries and aquaculture to enhance productivities, efficiency and climate change resilience; and

v) to develop linkages and connections, and organize production chain, from capture/farming, processing, marketing through band development of key export products.

The project will be implemented in 9 provinces including Thanh Hoa, Quang Tri, Binh Dinh, Khanh Hoa, Ninh Thuan, Binh Thuan, Soc Trang, Bac Lieu, Ca Mau and Kien Giang. The MARD proposal also includes investments to be centrally managed by the MARD. The Project will be implemented during 2021-2025".

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

The total project cost is $350 million USD of which US$300 million is from IBRD


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.

1/World Bank
Contact: Lan Thi Thu Nguyen, Binh Thang Cao, Diji Chandrasekharan Behr
Senior Environmental Economist

2/Borrower/Client/Recipient
Ministry of Finance

3/Implementing Agencies
Ministry of Agriculture and Rural Development (MARD)
Contact: Sao Pham
Position: Project Director
sao.crsd@gmail.com

FOR MORE INFORMATION CONTACT
The World Bank
1818 H Street, NW
Washington, D.C. 20433
Telephone: (202) 473-1000
Web: http://www.worldbank.org/projects

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.

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How it works