Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam Inclusive Innovation Project (P121643) Vietnam Inclusive Innovation Project (P121643) EAST ASIA AND PACIFIC | Vietnam | Innovation, Tech. & Entrepreneurship Practice Global Practice | IBRD/IDA | Specific Investment Loan | FY 2013 | Seq No: 3 | ARCHIVED on 28-Jan-2015 | ISR18036 | Implementing Agencies: Enterprise Development agency, National Foundation of Science and Technology Development (NAFOSTED) Key Dates Key Project Dates Board Approval date:13-May-2013 Effectiveness Date:06-Dec-2013 Planned Mid Term Review Date:07-Dec-2015 Actual Mid-Term Review Date:-- Original Closing Date:30-Nov-2018 Revised Closing Date:30-Nov-2018 Project Development Objectives Project Development Objective (from Project Appraisal Document) The Project Development Objective (PDO) is to adopt, upgrade and develop inclusive innovations for the benefit of the Base of Pyramid population. This will be achieved by strengthening Vietnam's capacity to undertake inclusive innovation, including financing the development, adaptation, adoption, scaling up and commercialization of inclusive technologies, and improving RDIs' and SMEs' technological and innovation capabilities. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Developing Inclusive Technologies:(Cost $12.00 M) Upgrading, Scaling up and Commercialization of Inclusive Technologies:(Cost $33.00 M) Capacity Building and Global Knowledge Transfer:(Cost $7.00 M) Project Management, Monitoring and Evaluation:(Cost $3.63 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Satisfactory  Satisfactory Overall Implementation Progress (IP)  Moderately Satisfactory  Moderately Unsatisfactory Overall Risk Rating  --  Substantial 1/28/2015 Page 1 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam Inclusive Innovation Project (P121643) Implementation Status and Key Decisions The overall project implementation has been way behind schedule since it became effective in December 2013. The first call for proposals did not take place in September as initially anticipated as it can only be launched after a Technical Panel is established. It was due primarily to the misinterpretation of the Financing Agreement and Project Agreement by the PMU although it was stipulated in detail in the Project Agreement signed between NAFOSTED and the World Bank . NAFOSTED only had its green light to perform its duty in this regard in October, 2014. With recent developments being achieved, it is anticipated that the first call for proposal will be launched late January/early February 2015 in parallel with the establishment of a Technical Panel. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  --  Substantial Macroeconomic  --  --  Substantial Sector Strategies and Policies  --  --  Moderate Technical Design of Project or Program  --  --  Low Institutional Capacity for Implementation and Sustainability  --  --  Substantial Fiduciary  --  --  Low Environment and Social  --  --  Low Stakeholders  --  --  Substantial Other  --  --  -- Overall  --  --  Substantial Results Project Development Objective Indicators PHINDPDOTBL  1. Number of pilot inclusive technologies developed/upgraded that are likely to benefit the BoP (Number, Custom) 1/28/2015 Page 2 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam Inclusive Innovation Project (P121643) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 25.00 Date 06-Dec-2013 -- -- 30-Nov-2018 PHINDPDOTBL  2. Number of pilot inclusive technologies Commercialized that are likely to benefit the BoP (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 8.00 Date 06-Dec-2013 -- -- 30-Nov-2018 Overall Comments Intermediate Results Indicators PHINDIRITBL  Intermediate Result indicator One : Number of NDC Solutions funded (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 6.00 Date 06-Dec-2013 -- -- 30-Nov-2018 PHINDIRITBL  Intermediate Result indicator Two: Number of pilot inclusive technology solutions funded (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 25.00 Date 06-Dec-2013 -- -- 30-Nov-2018 1/28/2015 Page 3 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam Inclusive Innovation Project (P121643) PHINDIRITBL  Intermediate Result indicator Three: Number of grassroots innovations funded (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 30.00 Date 06-Dec-2013 -- -- 30-Nov-2018 PHINDIRITBL  Intermediate Result indicator One: Number of pilot inclusive technologies commercialization sub-projects funded (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 8.00 Date 06-Dec-2013 -- -- 30-Nov-2018 PHINDIRITBL  Intermediate Result indicator Two: Number of SMEs technology upgrading projects funded (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 30.00 Date 06-Dec-2013 -- -- 30-Nov-2018 PHINDIRITBL  Intermediate Result indicator One: Number of laboratories/ plants upgraded (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 2.00 Date 06-Dec-2013 -- -- 30-Nov-2018 1/28/2015 Page 4 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam Inclusive Innovation Project (P121643) PHINDIRITBL  Intermediate Result indicator Two: A network of domestic and /or global organizations formed (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 3.00 Date 06-Dec-2013 -- -- 30-Nov-2018 PHINDIRITBL  Intermediate Result indicator One: PMU and PIU maintained during the project implementation and staffed with required technical and professional experts according to agreed TORs (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 100.00 Date 06-Dec-2013 -- -- 30-Nov-2018 PHINDIRITBL  Intermediate Result indicator Two: Financial management and procurement management systems established and maintained with FM and procurement professionals engaged throughout the project (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 100.00 Date 06-Dec-2013 -- -- 30-Nov-2018 PHINDIRITBL  Intermediate Result indicator Three: M&E system established and M&E reports delivered on time (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 100.00 Date 06-Dec-2013 -- -- 30-Nov-2018 Overall Comments Data on Financial Performance 1/28/2015 Page 5 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam Inclusive Innovation Project (P121643) Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P121643 IDA-52490 Effective XDR 36.70 36.70 0.00 0.65 36.05 2% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P121643 IDA-52490 Effective 13-May-2013 06-Sep-2013 06-Dec-2013 30-Nov-2018 30-Nov-2018 Cumulative Disbursements Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 1/28/2015 Page 6 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam Inclusive Innovation Project (P121643) 1/28/2015 Page 7 of 7 Public Disclosure Copy