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projectFP071

Scaling Up Energy Efficiency for Industrial Enterprises in Vietnam

120000000
TONNES of CO2 Anticipated tonnes of CO2 equivalent avoided

Impact

Mitigation
GCF results area
  • Buildings, cities, industries and appliances

Location & People

Region
  • Asia Pacific
Country
  • Vietnam VN

Investment Data

  • Financing:
    • Public
    • Public / Private
    • Private
  • Project size:
    • Micro
    • Small
    • Medium
    • Large
  • E&S Risk category:
    • Category I1
    • Category I2
    • Category I3
Total project investment
GCF Financing
  • Instrument Guarantee USD
  • Instrument Grant USD
Co-Financing
  • World Bank Loan USD
  • PFIs Loan USD
  • IEs Equity USD
  • KOICA Grant USD

Project owners

Accredited Entity Executing Entity
  • Ministry of Industry and Trade (MoIT) Vietnam
  • State Bank of Vietnam (SBV) Vietnam
  • Ministry of Finance (MoF) Vietnam
Scaling Up Energy Efficiency for Industrial Enterprises in Vietnam Approved March 2018 Est. implementation period 5.0 years
Overcoming energy efficiency investment market barriers in Viet Nam. 

Viet Nam is one of the most energy intensive countries in East Asia, and the energy intensity of its GDP is steadily increasing. Improving energy efficiency is the lowest cost option to reduce its greenhouse gas emissions and improve its energy security. 

The scaling up of energy efficiency investments in the country's industrial sector will provide substantial mitigation impacts. This will be done through a GCF guarantee instrument and technical assistance and capacity building activities, combined with a dedicated credit line. It will build on ongoing efforts by the Vietnamese Government to promote the efficient use of electricity and reduce consumption and emissions.

The project has an estimated lifespan of 15 years.
Document title Published date
Funding proposal 30 Mar 2018
Accredited Entity
  • International Bank for Reconstruction and Development and International Development Association (World Bank) Ms. Claudia Croce Tel: +1 202 458 1697
Country Partner
  • Ministry of Planning and Investment Vietnam Dr. Pham Hoang Mai
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