Scaling Up Energy Efficiency for Industrial Enterprises in Vietnam

Scaling Up Energy Efficiency for Industrial Enterprises in Vietnam

  • Status Under implementation
  • Date approved 01 Mar 2018 at B.19
  • Est. completion 14 Feb 2028
  • ESS Category Intermediation 1

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.

Total project value


Tonnes of emissions avoided




Result areas

Project timeline


31 Jan 2017 - 395 days

Funding proposal received

31 Jan 2017

Cleared by iTAP

06 Feb 2018


01 Mar 2018 - 898 days

Approved by GCF Board

01 Mar 2018

Legal opinion on AE's Internal Approval

25 Sep 2019

FAA executed

20 Jul 2020

Under implementation

14 Aug 2020 - 1,377 days so far

FAA effective

14 Aug 2020

Disbursement - USD 5,000,000

15 Dec 2021

Disbursement - USD 5,650,000

15 Dec 2021

To be completed

14 Feb 2028 - 1,365 days to go

One region

  • Asia-Pacific

One country

  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing12% disbursed

GuaranteeUSD 75,000,000
GrantUSD 11,300,000
Total GCF Financing
USD 86,300,000


Co-FinancingLoanUSD 1,700,000
Co-FinancingLoanUSD 100,000,000
Co-FinancingLoanUSD 226,000,000
Co-FinancingEquityUSD 81,300,000
Co-FinancingGrantUSD 1,900,000
Total Co-Financing
USD 410,900,000

GCF Contacts

General media inquiries

GCF Communications
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Request for information

GCF Information Disclosure
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Project complaints and grievances

GCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6186 (KST)
File a complaint

Integrity issues

GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6714 (KST)
Send e-mail

Accredited Entity

International Bank for Reconstruction and Development and International Development Association
Mr. Zhihong Zhang

Senior Carbon Finance Specialist
The World Bank 1818 H Street, NW MSN MC3-309 Washington DC 20433 USA, Washington, United States
More contacts

National Designated Authority

Viet Nam
Ministry of Planning and Investment
Dr. Le Viet Anh Primary
Director General, Department of Science, Education, Natural Resources and Environment
6B Hoang Dieu Street, Ba Dinh District, Ha Noi, Viet Nam
Phone +84 804432
Ms. Nguyen Thi Hoang Yen Secondary
Deputy Director General
Phone +84 080 44645
Mr. Doan Phuong Duy Operational focal point
Official - Dept. of Science, Education, Natural Resources and Environment
Phone +84 080 44645

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