Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam Climate Innovation Center (VCIC) RETF (P155260) Vietnam Climate Innovation Center (VCIC) RETF (P155260) EAST ASIA AND PACIFIC | Vietnam | Trade & Competitiveness Global Practice | Recipient Executed Activities | Investment Project Financing | FY 2016 | Seq No: 1 | ARCHIVED on 14-Feb-2017 | ISR24563 | Implementing Agencies: Key Dates Key Project Dates Bank Approval Date:30-Oct-2015 Effectiveness Date:15-Dec-2015 Original Closing Date:30-Jun-2018 Revised Closing Date:30-Jun-2018 Project Development Objectives Project Development Objective (from Project Appraisal Document) The project's objective is to increase green growth business innovations by supporting entrepreneurs and SMEs involved in technological solutions through the establishment and operation of the Vietnam Climate Innovation Center Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  --  Moderately Satisfactory Overall Implementation Progress (IP)  --  Moderately Satisfactory Implementation Status and Key Decisions The team is overall very pleased with the progress made by VCIC towards meeting the PDO: - VCIC is now fully operational and has recruited most of the key personnel, including the CEO and Project Director. In order to best perform, VCIC continues to receive capacity building support from a US leading clean tech incubator on international best practices and it is exposed to learnings 2/14/2017 Page 1 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam Climate Innovation Center (VCIC) RETF (P155260) from the other Climate Innovation Centers set up worldwide by infoDev's Climate Technology Program. -VCIC is currently incubating its first cohort of 18 client entrepreneurs, providing them with grant funding, technical assistance, mentorship. - VCIC has been forging partnerships with other ecosystem players, including local Universities and private sector companies, with which to partner during project implementation. These are all important milestones which were successfully achieved. With VCIC ramping up its operations, key next actions have been identified and agreed with the counterpart: 1 . Incorporate the learnings from the incubation of the first batch client of companies into future services offerings by VCIC. 2 . Introduce a set of pre-incubation activities before the launch of the next Proof of Concept Grant competition. These pre-incubation activities will help to build the capacity of entrepreneurs and better identify their needs. 3 . Update the Project Operating Manual (POM) and Grant Manual to reflect: i) the revised incubation model, and ii) revised procedures for the selections, funding and management of sub-projects. Risks Overall Risk Rating Risk Category Rating at Approval Previous Rating Current Rating Overall  --  --  Moderate Results Project Development Objective Indicators PHINDPDOTBL Number of businesses that raised early stage finance (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 18.00 28.00 Date 31-Jan-2017 -- 30-Dec-2016 30-Jun-2018 PHINDPDOTBL Number of businesses who registered their prototype with Intellectual Property (IP) office (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 1.00 9.00 Date 02-Nov-2015 -- 30-Dec-2016 30-Jun-2018 2/14/2017 Page 2 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam Climate Innovation Center (VCIC) RETF (P155260) Overall Comments Intermediate Results Indicators PHINDIRITBL Number of participants in workshops, training events, seminars, conferences, etc. (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 3,977.00 300.00 Date 02-Nov-2015 -- 01-Feb-2017 30-Jun-2018 Comments The project has already exceeded the projected intermediate indicator having reached a wider number of participants through a combination of training and learning activities. The breakdown is as follow: (1) 180 participants in training with VCCI (2) about 350 TechFest; (3) 2000 attendees, 20 startups in UniTour 2; (4) 160 participants in PPD with MONRE; (5) 30 participants in Startup Festival Press Conference; (6) At least 1000 attendees, including 200 startups at the startup festival 2016; (7) 75 (35+40) participants at the training on project management in Hoa Lac hightec park; (8) 31 participants (23 North + 8 South) at the trainings on financial management + M&E of subprojects. PHINDIRITBL Number of businesses/entrepreneurs having access to technical facilities (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 50.00 Date 02-Nov-2015 -- 01-Feb-2017 30-Jun-2018 Comments VCIC has entered in partnership agreements with several universities that have at their disposal testing/technical facilities which will be used by VCIC client companies based on their project needs. 2/14/2017 Page 3 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam Climate Innovation Center (VCIC) RETF (P155260) PHINDIRITBL Number of partnerships with non-financial services providers (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 9.00 19.00 Date 02-Nov-2015 -- 01-Feb-2017 30-Jun-2018 Comments AEISEC; Agile; Xanh Media PHINDIRITBL Number of households with access to new/improved products/services (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 30,547.00 1,785.00 Date 02-Nov-2015 -- 30-Dec-2016 30-Jun-2018 Comments Based on the units of products sold to customers and/or number of custommers served by the enterprises until Dec 2016: Viet Linh (0); Phuong Nam bio (10 customers); Hang Hai (0); Hang Xanh (0); Ho Hoan Cau (120); I-Metos (100); I-Nature (0); Lam An (150); Mitecom (153); SEPON (500); Skyfarm (2,500); Solar ESCO (0); Solar Serve (1,000); Tinh Te (0); Tue Minh (0); Ves SolarBox (2); Di Chung (26,012); Novas (not submitted yet). PHINDIRITBL CO2 emissions avoided (metric tons) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 48,690.00 1,071.00 Date 02-Nov-2015 -- 30-Dec-2016 30-Jun-2018 2/14/2017 Page 4 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam Climate Innovation Center (VCIC) RETF (P155260) PHINDIRITBL Number of businesses who registered their prototype with Intellectual Property (IP) office (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 2.00 9.00 Date 02-Nov-2015 -- 01-Feb-2017 30-Jun-2018 PHINDIRITBL Number of businesses who raised early stage finance (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 13.00 19.00 Date 02-Nov-2015 -- 30-Dec-2016 30-Jun-2018 PHINDIRITBL Amount of early stage finance raised by businesses (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 273,336.00 950,000.00 Date 02-Nov-2015 -- 01-Feb-2017 30-Jun-2018 PHINDIRITBL Number of new direct jobs created (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 364.00 378.00 Date 02-Nov-2015 -- 01-Feb-2017 30-Jun-2018 2/14/2017 Page 5 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam Climate Innovation Center (VCIC) RETF (P155260) PHINDIRITBL Number of Public Private Dialogue (PPD) sessions (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 2.00 7.00 Date 02-Nov-2015 -- 01-Feb-2017 30-Jun-2018 PHINDIRITBL Number of workshops, training events, seminars, conferences, etc. (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 11.00 12.00 Date 02-Nov-2015 -- 01-Feb-2017 30-Jun-2018 PHINDIRITBL Amount of funding (grants) received by businesses (USD) (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 269,000.00 1,400,000.00 Date 02-Nov-2015 -- 30-Dec-2016 30-Jun-2018 PHINDIRITBL Number of knowledge products developed (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 6.00 16.00 Date 02-Nov-2015 -- 01-Feb-2017 30-Jun-2018 Overall Comments 2/14/2017 Page 6 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam Climate Innovation Center (VCIC) RETF (P155260) Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P155260 TF-A1407 Effective USD 3.80 3.80 0.00 0.80 3.00 21% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P155260 TF-A1407 Effective 30-Oct-2015 15-Dec-2015 15-Dec-2015 30-Jun-2018 30-Jun-2018 Cumulative Disbursements Restructuring History There has been no restructuring to date. Related Project(s) 2/14/2017 Page 7 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam Climate Innovation Center (VCIC) RETF (P155260) There are no related projects. 2/14/2017 Page 8 of 8 Public Disclosure Copy