Sustainable Management of Substances Controlled by the Montreal Protocol (WB-P179402)

Countries
  • Vietnam
Geographic location 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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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
Dec 18, 2025
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
Government of Viet Nam
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
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)
$ 12.20 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)
$ 12.20 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)
$ 5.50 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 Aug 22, 2026

Disclosed by Bank Jun 2, 2023

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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 WB, the development objective is to reduce HFC and HCFC consumption in support of Viet Nam's obligations under the Montreal Protocol

The SMS-MP Project aims to reduce hydrofluorocarbon (HFC) and hydrochlorofluorocarbon (HCFC) consumption to support Viet Nam's compliance with its Montreal Protocol (MP) phasedown and phaseout obligations between 2024 and 2030. Given that both HFCs and HCFCs are potent greenhouse gases (GHGs), the project will make a significant contribution to Viet Nam's and global climate mitigation efforts with annual avoided emissions of more than 6 million tCO2eq starting in 2030. The project will comprise two national plans that were approved under the MP's financial mechanism, the Multilateral Fund (MLF) in December 2023: 1) The Stage I Kigali Implementation Plan (KIP), which is the first plan to address the import and use of HFCs (non-ozone depleting, short-lived climate pollutants), focuses on the servicing sector and a demonstration activity to design lower-global warming train mobile AC, HFC management support, and technical assistance (TA); and, 2) The Stage III HCFC Phaseout Management Plan (HPMP), which is a continuation and the last of two previous HPMPs implemented, will lead to the near, total phaseout of HCFCs by 2030 and is entirely centered on Viet Nam's HCFC-consuming servicing sector as well as HCFC management support and TA. (UNEP is providing Viet Nam complementary MLF support in the HFC servicing sector (training and workshops) under the KIP.) The project is consequently structured to include a component on HFC consumption reductions, a second component on HCFC consumption reductions, and a third component for project management. The proposed project will be the Bank's fourth consecutive investment project financing (IPF) on the phase out of MP controlled substances prepared with and implemented by Viet Nam's Ministry of Agriculture and Environment (MAE, formerly, MONRE), the official focal point for fulfilling national obligations as a party to the ozone and climate treaties.

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

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.

No contacts available at the time of disclosure

 

ACCESS TO INFORMATION

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ACCOUNTABILITY MECHANISM OF THE 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. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint

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