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Vietnam - Energy Efficiency Financing for Industrial Enterprises (VEEIEs) Project : social assessment : Social impact assessment report (Inglês)

The development objective of the Energy Efficiency Financing for Industrial Enterprises (VEEIEs) Project for Vietnam is to improve energy efficiency of selected energy end-users in key energy-consuming sectors, thereby supporting Government of Vietnam (GoV) to achieve its energy efficiency targets. Some of the negative impacts and mitigation measures are includes :(i) access to VEEIEs Project’s loans enables participating firms to transform their existing technology towards more efficient energy use as well as increase their chance of using cleaner and more environment-friendly source of energy; (ii) technology transformation is believed to result in reduction in input material costs,energy consumption as well as energy loss. Therefore, while obtaining energy efficiency, firms can also benefit from reduced production and management costs; (iii) improve working condition and physical well-being of workers; (iv) improve air quality and better protect the environment; (v) develop workers’ skills and potentially raise workers’ income in energy efficiency firms tend to receive better organized training; (vi) create new employment and income opportunities; (vii) promote internal communication and community outreach will bring about betteremployment, higher income, improved working conditions as well as more training opportunities; (viii) to enhance their adaptation to shows that while firms all intend to provide training to their staff to operate the new energy efficiency subprojects, they have not developed a clear and structured plan for employees.

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