The World Bank                                                                                     Implementation Status & Results Report
            Vietnam Solar Transition Accelerator (VISTA) (P172974)



Vietnam Solar Transition Accelerator (VISTA) (P172974)


 EAST ASIA AND PACIFIC | Vietnam | Energy & Extractives Global Practice |
 Recipient Executed Activities | Investment Project Financing | FY 2021 | Seq No: 2 | ARCHIVED on 20-Jun-2022 | ISR51596 |


 Implementing Agencies: Ministry of Industry and Trade (MOIT), Socialist Republic of Vietnam



 Key Dates


  Key Project Dates

   Bank Approval Date: 13-Aug-2020                                           Effectiveness Date: 14-Oct-2020
   Original Closing Date: 31-Mar-2025                                        Revised Closing Date: 31-Mar-2025
 pdoTable

 Project Development Objectives

  Project Development Objective (from Project Appraisal Document)
  The Project Development Objective is to support the Government of Vietnam in piloting the implementation of a sustainable solar competitive
  bidding program to mobilize private investments

  Has the Project Development Objective been changed since Board Approval of the Project Objective?
  No


 Overall Ratings

 Name                                                                      Previous Rating                            Current Rating

 Progress towards achievement of PDO                                       Moderately Satisfactory                   Moderately Satisfactory
 Overall Implementation Progress (IP)                                      Moderately Satisfactory                   Moderately Unsatisfactory


 Implementation Status and Key Decisions

  Vietnam Solar Transition Accelerator (VISTA) implementation progress has been delayed due to the uncertain policy and regulatory environment for
  procurement of new generation capacity. The scope and relevancy of the project will be reviewed at the end of calendar year 2022.



  Risks


 Overall Risk Rating


  Risk Category                                             Rating at Approval               Previous Rating               Current Rating

  Overall                                                   Moderate                        Moderate                     Moderate



  5. Results


  Project Development Objective Indicators


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            The World Bank                                                                                       Implementation Status & Results Report
            Vietnam Solar Transition Accelerator (VISTA) (P172974)




   IN01146183
   ►Pilot solar competitive bidding completed (Yes/No, Custom)

                                      Baseline                    Actual (Previous)             Actual (Current)            End Target

   Value                              No                          No                            No                          Yes

   Date                               06-Jan-2020                 04-Dec-2020                   06-Jun-2022                11-Feb-2025

   IN01146185
   ►Note on lessons learnt from the pilot tenders disseminated to key public stakeholders (Yes/No, Custom)

                                      Baseline                    Actual (Previous)             Actual (Current)            End Target

   Value                              No                          No                            No                          Yes

   Date                               28-Jan-2020                 04-Dec-2020                   06-Jun-2022                11-Feb-2025

   IN01146182
   ►Private investments mobilized (US$) (Amount(USD), Custom)

                                      Baseline                    Actual (Previous)             Actual (Current)            End Target

   Value                              0.00                        0.00                          0.00                        375,000,000.00

   Date                               06-Jan-2020                 04-Dec-2020                   06-Jun-2022                11-Feb-2025



  Overall Comments PDO

  There is no progress in the results framework due to overall lack of implementation progress of the project.



  Intermediate Results Indicators

  IN01146184
  ►Recruitment of transaction advisory firm with required legal, financial and technical expertise for substation-based competitive bidding (Yes/No,
  Custom)

                                      Baseline                    Actual (Previous)             Actual (Current)            End Target

   Value                              No                          No                            No                          Yes

   Date                               04-Mar-2019                 04-Dec-2020                   06-Jun-2022                01-Sep-2021

  IN01146231
  ►Recruitment of transaction advisory firm with required legal, financial and technical expertise for solar park competitive bidding (Yes/No,
  Custom)

                                      Baseline                    Actual (Previous)             Actual (Current)            End Target

   Value                              No                          No                            No                          Yes

   Date                               27-Feb-2020                 04-Dec-2020                   06-Jun-2022                25-Oct-2023


  Overall Comments RE

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            The World Bank                                                                                    Implementation Status & Results Report
            Vietnam Solar Transition Accelerator (VISTA) (P172974)




   There is no progress in the results framework due to overall lack of implementation progress of the project.



 Data on Financial Performance


 Disbursements (by loan)

 Project        Loan/Credit/TF    Status       Currency        Original   Revised     Cancelled      Disbursed      Undisbursed                % Disbursed


 P172974        TF-B2332          Effective    USD                1.50       1.50           0.00           0.00             1.50                     0%%


 Key Dates (by loan)

 Project         Loan/Credit/TF    Status      Approval Date       Signing Date     Effectiveness Date      Orig. Closing Date      Rev. Closing Date

 P172974         TF-B2332          Effective   13-Aug-2020         14-Oct-2020      14-Oct-2020             31-Mar-2025             31-Mar-2025


Cumulative Disbursements




  Restructuring History


  There has been no restructuring to date.


  Related Project(s)




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            The World Bank                                           Implementation Status & Results Report
            Vietnam Solar Transition Accelerator (VISTA) (P172974)




 There are no related projects.




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