The World Bank Implementation Status & Results Report Vietnam Scaling Up Energy Efficiency Project (P164938) Vietnam Scaling Up Energy Efficiency Project (P164938) EAST ASIA AND PACIFIC | Vietnam | Energy & Extractives Global Practice | Recipient Executed Activities | Investment Project Financing | FY 2019 | Seq No: 1 | ARCHIVED on 01-Oct-2019 | ISR38601 | Implementing Agencies: SOCIALIST REPUBLIC OF VIETNAM, Department of Energy Efficiency and Sustainable Development , Ministry of Industry and Trade Key Dates Key Project Dates Bank Approval Date: 27-Jun-2019 Effectiveness Date: -- Planned Mid Term Review Date: 31-Oct-2022 Actual Mid-Term Review Date: Original Closing Date: Revised Closing Date: -- 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 Risk Sharing Facility:(Cost $78.00 M) Technical Assistance and Capacity Building:(Cost $8.30 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO -- ►Satisfactory Overall Implementation Progress (IP) -- ►Satisfactory Overall Risk Rating -- ►Substantial Implementation Status and Key Decisions The project was approved on June 27, 2019 and is still in too early a stage for meaningful progress. Legal agreements are still being negotiated. It is expected that the project will be made effective and implementation can start by June 30, 2020. 10/1/2019 Page 1 of 6 The World Bank Implementation Status & Results Report Vietnam Scaling Up Energy Efficiency Project (P164938) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance ►Moderate -- ►Moderate Macroeconomic ►Substantial -- ►Substantial Sector Strategies and Policies ►Moderate -- ►Moderate Technical Design of Project or Program ►Moderate -- ►Moderate Institutional Capacity for Implementation and Sustainability ►Substantial -- ►Substantial Fiduciary ►Substantial -- ►Substantial Environment and Social ►Moderate -- ►Moderate Stakeholders ►Moderate -- ►Moderate Other ►Moderate -- ►Moderate Overall ►Substantial -- ►Substantial Results PDO Indicators by Objectives / Outcomes Energy efficiency in the industrial sector improved IN00745585 ►Projected energy or fuel savings (Mega Joules (MJ), Corporate) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 577,000,000,000.00 Date 31-May-2019 -- 30-Sep-2019 31-Jan-2025 IN00745586 ►Projected lifetime fuel savings (Mega Joules (MJ), Corporate Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 398,000,000,000.00 Date 31-May-2019 -- 30-Sep-2019 31-Jan-2025 IN00745587 ►Projected electricity generation savings (Mega Joules (MJ), Corporate Breakdown) Baseline Actual (Previous) Actual (Current) End Target 10/1/2019 Page 2 of 6 The World Bank Implementation Status & Results Report Vietnam Scaling Up Energy Efficiency Project (P164938) Value 0.00 -- 0.00 179,000,000,000.00 Date 31-May-2019 -- 30-Sep-2019 31-Jan-2025 IN00745588 ►Net greenhouse gas emissions (Tones/year, Corporate) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 6,900,000.00 Date 31-May-2019 -- 30-Sep-2019 31-Jan-2025 Intermediate Results Indicators by Components Risk Sharing Facility IN00745589 ►Number of PFIs providing RSF guaranteed loan (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 5.00 Date 31-May-2019 -- 30-Sep-2019 31-Jan-2025 Number of participating financial institutions providing loans guaranteed by RSF for energy efficiency investment in Comments: industrial sector IN00745591 ►Commercial financing mobilized (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 251,000,000.00 Date 31-May-2019 -- 30-Sep-2019 31-Jan-2025 Commercial financing mobilized from PFIs and IEs/ESCOs for energy efficiency Sub-Projects by providing RSF Comments: Guarantees IN00745594 ►Commercial financing mobilized from PFIs (Amount(USD), Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 201,000,000.00 Date 31-May-2019 -- 30-Sep-2019 31-Jan-2025 IN00745595 ►Number of bankable energy efficiency projects developed (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 100.00 10/1/2019 Page 3 of 6 The World Bank Implementation Status & Results Report Vietnam Scaling Up Energy Efficiency Project (P164938) Date 31-May-2019 -- 30-Sep-2019 31-Jan-2025 Comments: Number of energy efficiency Sub-Project financed by PFIs and supported by the RSF IN00745597 ►Number of IEs adopting improved energy efficiency technologies (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 75.00 Date 31-May-2019 -- 30-Sep-2019 31-Jan-2025 Comments: Number of IEs that have invested in energy efficiency Sub-Projects financed by PFIs and supported by the RSF Technical Assistance and Capacity Building IN00745590 ►Number of PFI loan officers trained (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 50.00 Date 31-May-2019 -- 30-Sep-2019 31-Jan-2025 Comments: Number of PFI loan officers who have received training provided by MoIT under Component 2 IN00745592 ►Number of IEs/ESCOs participating in workshops/trainings (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 200.00 Date 31-May-2019 -- 30-Sep-2019 31-Jan-2025 Comments: Number of IEs and ESCOs that have participated in workshops and trainings provided by MoIT under Component 2 IN00745593 ►Number of IEs certified for ISO 50001/EMS (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 45.00 -- 0.00 90.00 Date 31-May-2019 -- 30-Sep-2019 31-Jan-2025 Comments: Number of IEs adopting ISO 50001 Energy Management Systems through capacity building offered under Component 2 IN00745596 ►Number of training courses offered to women-owned/led SMEs to become clean energy entrepreneurs with the capacity to deliver energy efficiency-related goods and services (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 5.00 10/1/2019 Page 4 of 6 The World Bank Implementation Status & Results Report Vietnam Scaling Up Energy Efficiency Project (P164938) Date 31-May-2019 -- 30-Sep-2019 31-Jan-2025 Number of training courses offered under Component 2 to SMEs owned or led by women to become clean energy Comments: entrepreneurs with the capacity to deliver energy efficiency-related goods and services. This course specifically targeting female entrepreneurs to address such a gender gap will be offered annually throughout project implementation. Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date Cumulative Disbursements 10/1/2019 Page 5 of 6 The World Bank Implementation Status & Results Report Vietnam Scaling Up Energy Efficiency Project (P164938) Restructuring History There has been no restructuring to date. Related Project(s) P164909-Vietnam Scaling Up Energy Efficiency Guarantee ,P165163-Vietnam Scaling Up Energy Efficiency Guarantee 10/1/2019 Page 6 of 6