The World Bank Implementation Status & Results Report Vietnam-Partnership for Market Readiness (P152797) Vietnam-Partnership for Market Readiness (P152797) EAST ASIA AND PACIFIC | Vietnam | Environment, Natural Resources & the Blue Economy Global Practice | Recipient Executed Activities | Investment Project Financing | FY 2016 | Seq No: 4 | ARCHIVED on 27-Dec-2019 | ISR39118 | Implementing Agencies: Ministry of Natural Resources and Environment, Socailist Republic of Vietnam Key Dates Key Project Dates Bank Approval Date: 27-Jun-2016 Effectiveness Date: 20-Aug-2017 Original Closing Date: 31-Dec-2020 Revised Closing Date: 31-Dec-2020 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The Project Development Objective (PDO) is to strengthen the Government of Vietnam’s capacity to develop market-based instruments (MBIs) to reduce greenhouse gas (GHG) emissions. 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 Satisfactory Implementation Status and Key Decisions Project implementation accelerated after the start up delay due to the long lag from project approval to effectiveness and subsequent delays in for the procurement process for several of the project’s larger and more complex contracts. Capacity building and analytical work on carbon pricing options are progressing to enhance the government capacity to develop market-based instruments to reduce greenhouse gas emissions Risks Overall Risk Rating Risk Category Rating at Approval Previous Rating Current Rating Overall -- Moderate Moderate 5. Results 12/27/2019 Page 1 of 5 The World Bank Implementation Status & Results Report Vietnam-Partnership for Market Readiness (P152797) Project Development Objective Indicators IN00761083 ►Submission by MONRE of 2 core national GHG emissions data management readiness building blocks for crediting NAMAs for Government's consideration (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 2.00 Date 29-Jun-2016 18-Dec-2017 03-Dec-2019 31-Dec-2020 On track. The studies under CS 1.1 (to be finalized by July 2020) are providing the technical basis for the Comments: development of the two draft policies, both of which expected to be drafted and submitted by the end of 2020. IN00761084 ►Submission by MONRE of an action plan for priority market-based carbon pricing approaches for Government’s consideration (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1.00 Date 29-Jun-2016 18-Dec-2017 03-Dec-2019 31-Dec-2020 On track. The study under CS 1.2 (to be finalized by June 2020) is providing the technical basis for the development of the action plan. This will then be further consulted, finalized and submitted for approval in the Comments: second half of 2020. IN00761085 ►Submission by MONRE of at least one designed crediting NAMA and MRV system for Government’s consideration (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1.00 Date 29-Jun-2016 18-Dec-2017 03-Dec-2019 31-Dec-2020 On track, The studies under CS 2.1 and CS 2.2 (both of which are to be finalized by June 2020) are providing the technical basis for the design of sectoral crediting schemes and MRV systems in the municipal solid waste Comments: management sector and steel sector, respectively. The steel sector crediting scheme is more advanced and will likely be the one that is submitted for consideration in the second half of 2020. Overall Comments PDO All three indicators are now made consistent with Annex 1 of the PAD. Intermediate Results Indicators IN00761156 ►An option study for carbon pricing approaches is completed (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes 12/27/2019 Page 2 of 5 The World Bank Implementation Status & Results Report Vietnam-Partnership for Market Readiness (P152797) Date 29-Jun-2016 25-Jun-2018 03-Dec-2019 30-Jun-2020 Comments: IN00761157 ►National principles and criteria for credited NAMAs are developed (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 29-Jun-2016 25-Jun-2018 03-Dec-2019 30-Jun-2020 Comments: IN00761158 ►Guidelines on GHG emissions data collection and management system, relevant reporting forms, and MRV protocol for the steel sector are developed (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 29-Jun-2016 25-Jun-2018 03-Dec-2019 30-Jun-2020 Comments: IN00761159 ►An option study and action plan are developed for mid-to long-term market-based carbon pricing approaches applicable to steel industry in Vietnam after 2020 (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 29-Jun-2016 25-Jun-2018 03-Dec-2019 30-Jun-2020 Comments: IN00761160 ►A case study on solid waste landfill sectors in pilot cities for solid waste sector is completed (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 29-Jun-2016 25-Jun-2018 03-Dec-2019 30-Jun-2020 Comments: IN00761161 ►Guidelines on GHG emissions data collection and management system, relevant reporting forms, and MRV protocol for the solid waste sector are developed (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes 12/27/2019 Page 3 of 5 The World Bank Implementation Status & Results Report Vietnam-Partnership for Market Readiness (P152797) Date 29-Jun-2016 25-Jun-2018 03-Dec-2019 30-Jun-2020 Comments: IN00761162 ►Number of consultations evidencing that stakeholder engagement and communications strategy on promoting carbon pricing approaches in key GHG emitting sectors is implemented (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 7.00 3.00 Date 29-Jun-2016 25-Jun-2018 03-Dec-2019 30-Jun-2020 Comments: Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P152797 TF-A2914 Effective USD 3.00 3.00 0.00 1.50 1.50 50% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P152797 TF-A2914 Effective 11-Oct-2016 20-Aug-2017 20-Aug-2017 31-Dec-2020 31-Dec-2020 Cumulative Disbursements 12/27/2019 Page 4 of 5 The World Bank Implementation Status & Results Report Vietnam-Partnership for Market Readiness (P152797) Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 12/27/2019 Page 5 of 5