The World Bank Implementation Status & Results Report Vietnam Energy Efficiency for Industrial Enterprises(VEEIE) (P151086) Vietnam Energy Efficiency for Industrial Enterprises(VEEIE) (P151086) EAST ASIA AND PACIFIC | Vietnam | Energy & Extractives Global Practice | IBRD/IDA | Investment Project Financing | FY 2017 | Seq No: 4 | ARCHIVED on 08-May-2019 | ISR36861 | Implementing Agencies: Ministry of Industry and Trade, The Social Republic of Vietnam, State Bank of Vietnam Key Dates Key Project Dates Bank Approval Date: 14-Apr-2017 Effectiveness Date: 29-Dec-2017 Planned Mid Term Review Date: 09-Dec-2019 Actual Mid-Term Review Date: -- Original Closing Date: 31-Jul-2022 Revised Closing Date: 31-Jul-2022 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The Project Development Objective is to improve energy efficiency in Vietnam's industrial sector. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Energy Efficiency Investment Lending:(Cost $156.30 M) Project Implementation Support:(Cost $1.70 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Satisfactory Overall Risk Rating Substantial Substantial Implementation Status and Key Decisions Significant achievement has been made by the project implementing agencies including Project Management Board (PMB) and Bank for Investment and Development of Vietnam (BIDV). Under Component 1, first disbursement of US$10 million has been made by BIDV for two energy efficiency investment subprojects in sugarcane sector. Other two subprojects in cement and steel sector are also considered by BIDV, which can be included in next few months. In addition, Vietcombank (VCB) is finalizing its first subproject application package for rehabilitating thermal center of Tay Ninh sugarcane plant. VCB expected to make the first withdrawal for this subproject in the next few months. Under component 2, the Procurement Officer has been on board, working on various packages including independent safeguard monitoring, M&V and technical support packages. The independent safeguard monitoring package has been awarded and the consultant has produced inception report which is under review by MoIT. 5/8/2019 Page 1 of 4 The World Bank Implementation Status & Results Report Vietnam Energy Efficiency for Industrial Enterprises(VEEIE) (P151086) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance Moderate Moderate Moderate Macroeconomic Substantial Moderate Moderate Sector Strategies and Policies Moderate Moderate Moderate Technical Design of Project or Program Moderate Moderate Moderate Institutional Capacity for Implementation and Sustainability Substantial Substantial Moderate Fiduciary Substantial Substantial Substantial Environment and Social Moderate Moderate Moderate Stakeholders Moderate Moderate Moderate Other Moderate Moderate Moderate Overall Substantial Substantial Substantial Results PDO Indicators by Objectives / Outcomes Improve energy efficiency in Vietnam industrial sector IN00696720 ►Projected lifetime energy savings (Megawatt hour(MWh), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 39,034.00 4,639,000.00 Date 20-Mar-2017 23-Oct-2018 29-Apr-2019 31-Jul-2022 IN00696761 ►Number of IEs adopting improved EE technologies (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 2.00 25.00 Date 20-Mar-2017 23-Oct-2018 29-Apr-2019 31-Jul-2022 Intermediate Results Indicators by Components 5/8/2019 Page 2 of 4 The World Bank Implementation Status & Results Report Vietnam Energy Efficiency for Industrial Enterprises(VEEIE) (P151086) Energy Efficiency Investment Lending IN00696762 ►Direct project beneficiaries (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 37,822.00 Date 20-Mar-2017 23-Oct-2018 23-Oct-2018 31-Jul-2022 IN00696764 Female beneficiaries (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 30.00 IN00696765 ►Annual GHG emissions avoided in IEs (tons of CO2 equivalent) (Tones/year, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 32,830.00 5,027,000.00 Date 20-Mar-2017 23-Oct-2018 29-Apr-2019 31-Jul-2022 Project Implementation Support IN00696763 ►Number of EE bankable projects developed (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 3.00 60.00 Date 20-Mar-2017 23-Oct-2018 29-Apr-2019 31-Jul-2022 Overall Comments IR Information on beneficiaries will be updated in the planned mission scheduled in early June. Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P151086 IBRD-87390 Effective USD 100.00 100.00 0.00 10.48 89.52 10% P151086 IDA-60110 Effective USD 1.70 1.70 0.00 0.09 1.72 4.7% 5/8/2019 Page 3 of 4 The World Bank Implementation Status & Results Report Vietnam Energy Efficiency for Industrial Enterprises(VEEIE) (P151086) Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P151086 IBRD-87390 Effective 14-Apr-2017 18-Aug-2017 29-Dec-2017 31-Jul-2022 31-Jul-2022 P151086 IDA-60110 Effective 14-Apr-2017 18-Aug-2017 29-Dec-2017 31-Jul-2022 31-Jul-2022 Cumulative Disbursements Restructuring History There has been no restructuring to date. Related Project(s) P161202-Vietnam Energy Efficiency Carbon Crediting Program (VE2C2) 5/8/2019 Page 4 of 4