FP071

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 Aug 2025
  • 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

 

Theme

Mitigation

Result areas

Project timeline

Pipeline

31 Jan 2017 - 395 days

Funding proposal received

31 Jan 2017

Cleared by iTAP

06 Feb 2018

Approved

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 - 77 days so far

FAA effective

14 Aug 2020

Completed

14 Aug 2025 - 1,750 days to go

One region

  • Asia-Pacific

One country

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

GCF financing

InstrumentAmount
GuaranteeUSD 75,000,000
GrantUSD 11,300,000

Cofinancing

CofinancerInstrumentAmount
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

GCF Contacts

General media inquiries

GCF Communications
Phone +82 10 4458 7751
Send e-mail

Request for information

GCF Information Disclosure
Request information about this project

Project complaints and grievances

GCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6157
File a complaint

Integrity issues

GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6155
Send e-mail

Accredited Entity

National Designated Authority

Viet Nam

Ministry of Planning and Investment

Dr. Le Anh
Director General, Department of Science, Education, Natural Resources and Environment
6B Hoang Dieu Street, Ba Dinh District, Ha Noi, Viet Nam
Phone +84 804432
levietanh@mpi.gov.vn
Ms. Nguyen Trinh
Deputy Director General
Phone +84 8043310
trinh4mpi@gmail.com