Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam HCFC Phaseout Project Stage II (P152232) Vietnam HCFC Phaseout Project Stage II (P152232) EAST ASIA AND PACIFIC | Vietnam | Environment & Natural Resources Global Practice | Montreal Protocol | Investment Project Financing | FY 2019 | Seq No: 1 | ARCHIVED on 01-May-2019 | ISR36566 | Implementing Agencies: State Bank of Vietnam, Ministry of Environment and Natural resources Key Dates Key Project Dates Bank Approval Date: 25-Jan-2019 Effectiveness Date: 07-Mar-2019 Planned Mid Term Review Date: 31-Mar-2022 Actual Mid-Term Review Date: -- Original Closing Date: 31-Dec-2023 Revised Closing Date: 31-Dec-2023 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The project development objective is to reduce HCFC consumption in order to assist Vietnam meet its HCFC phase-out obligations under the Montreal Protocol, and to reduce greenhouse gas emissions arising from the replacement of these HCFCs. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Component 1: HCFC Consumption Reduction:(Cost $13.56 M) Component 2: Technical Assistance and Policy Actions:(Cost $0.41 M) Component 3: Project Management:(Cost $0.68 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO -- Satisfactory Overall Implementation Progress (IP) -- Satisfactory Overall Risk Rating -- Substantial Implementation Status and Key Decisions The Project was approved on January 25, 2019 and became effective on March 7, 2019. First activities of the establishment of the Project Management Unit, the finalization of the procurement plan and start of procurement of initial procurement activities is ongoing. 5/1/2019 Page 1 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam HCFC Phaseout Project Stage II (P152232) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance Substantial -- Substantial Macroeconomic Low -- Low Sector Strategies and Policies Low -- Low Technical Design of Project or Program Substantial -- Substantial Institutional Capacity for Implementation and Sustainability Substantial -- Substantial Fiduciary Substantial -- Substantial Environment and Social Moderate -- Moderate Stakeholders Moderate -- Moderate Other -- -- -- Overall Substantial -- Substantial Results PDO Indicators by Objectives / Outcomes Reduce HCFC consumption to assist Vietnam meet its phase-out obligations under the MP IN00694440 ►National HCFC phase-out targets met (Tones/year, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 199.08 -- 199.08 143.78 Date 31-Dec-2015 -- 22-Apr-2019 31-Dec-2023 This indicator reflects Vietnam's HCFC consumption phase-out obligations under the Montreal Protocol. The baseline is the national HCFC consumption limit of 199.1 ODP tons for 2015-2019. The target of Comments: 143.78 ODP tons is Vietnam’s 2020-24 consumption limit (35% reduction from 2009-10). Reduce greenhouse gas emissions by replacing HCFCs IN00694451 ►Avoided CO2e emissions (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 2,900,000.00 Date 31-Mar-2019 -- 22-Apr-2019 31-Dec-2023 The avoided CO2 equivalent emissions will be measured in tons of avoided CO2 equivalent emissions. This is a cumulative target Comments: This indicator measures the project's climate benefits. The baseline of this indicator is zero. There are about 80 enterprises to be involved, as it is hard to estimate when each enterprise will complete its phase- 5/1/2019 Page 2 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam HCFC Phaseout Project Stage II (P152232) out, therefore, the cumulative target value (a total CO2 emission to be avoided) is only given for the last project year Intermediate Results Indicators by Components Component 1: HCFC Consumption Reduction IN00694428 ►Cumulative HCFC consumption phase-out in foam sector (Metric ton, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 100.00 Date 31-Mar-2019 -- 22-Apr-2019 31-Dec-2023 IN00694452 ►Cumulative HCFC consumption phase-out in AC sector (Metric ton, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 317.30 Date 31-Mar-2019 -- 22-Apr-2019 31-Dec-2023 IN00694456 ►Cumulative HCFC consumption phase-out in refrigeration manufacturing and servicing sectors (Metric ton, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 588.30 Date 31-Mar-2019 -- 22-Apr-2019 31-Dec-2023 Component 2: Technical Assistance and Policy Actions IN00694449 ►Issuance and implementation of key policies and regulations (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target 2016-2022 annual HCFC import quotas issued and Ban on imports and use of pre- blended HCFC-141b Value o -- 0.00 polyol in foam production; and Ban on local manufacturing and import of HCFC- 22 based ACs issued. Date 31-Mar-2019 -- 22-Apr-2019 22-Apr-2019 IN00694450 ►Number of enterprises and stakeholders trained on HCFC phase-out (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target As per annual Value 0.00 -- 0.00 implementation plan Date 31-Mar-2019 -- 22-Apr-2019 31-Dec-2023 5/1/2019 Page 3 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam HCFC Phaseout Project Stage II (P152232) Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P152232 TF-A6361 Effective USD 14.64 14.64 0.00 0.00 14.64 0% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P152232 TF-A6361 Effective 07-Mar-2019 07-Mar-2019 07-Mar-2019 31-Dec-2023 31-Dec-2023 Cumulative Disbursements Restructuring History There has been no restructuring to date. 5/1/2019 Page 4 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam HCFC Phaseout Project Stage II (P152232) Related Project(s) There are no related projects. 5/1/2019 Page 5 of 5