Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam Inclusive Innovation Project (P121643) Vietnam Inclusive Innovation Project (P121643) EAST ASIA AND PACIFIC | Vietnam | Trade & Competitiveness Global Practice | IBRD/IDA | Specific Investment Loan | FY 2013 | Seq No: 6 | ARCHIVED on 01-Aug-2016 | ISR24679 | Implementing Agencies: Enterprise Development agency, National Foundation of Science and Technology Development (NAFOSTED) Key Dates Key Project Dates Bank Approval Date:13-May-2013 Effectiveness Date:06-Dec-2013 Planned Mid Term Review Date:09-May-2016 Actual Mid-Term Review Date:11-May-2016 Original Closing Date:30-Nov-2018 Revised Closing Date:30-Nov-2018 Project Development Objectives Project Development Objective (from Project Appraisal Document) The Project Development Objective (PDO) is to adopt, upgrade and develop inclusive innovations for the benefit of the Base of Pyramid population. This will be achieved by strengthening Vietnam's capacity to undertake inclusive innovation, including financing the development, adaptation, adoption, scaling up and commercialization of inclusive technologies, and improving RDIs' and SMEs' technological and innovation capabilities. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Developing Inclusive Technologies:(Cost $12.00 M) Upgrading, Scaling up and Commercialization of Inclusive Technologies:(Cost $33.00 M) Capacity Building and Global Knowledge Transfer:(Cost $7.00 M) Project Management, Monitoring and Evaluation:(Cost $3.63 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Unsatisfactory  Unsatisfactory Overall Implementation Progress (IP)  Unsatisfactory  Unsatisfactory Overall Risk Rating  High  High 8/1/2016 Page 1 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam Inclusive Innovation Project (P121643) Implementation Status and Key Decisions The WB team undertook a Mid-Term Review (MTR) in May 2016 and was unable to identify and agree on a concrete restructuring proposal. In the absence of any concrete solutions for restructuring the project, the Bank team recommends cancellation as part of the omni bus restructuring being undertaken by MPI in order to ensure recommitment of IDA resources before end FY17 and the subsequent efficient use of these resources for Vietnam. 8/1/2016 Page 2 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam Inclusive Innovation Project (P121643) 8/1/2016 Page 3 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam Inclusive Innovation Project (P121643) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  High  High Macroeconomic  --  Substantial  Substantial Sector Strategies and Policies  --  Moderate  Moderate Technical Design of Project or Program  --  Substantial  Substantial Institutional Capacity for Implementation and Sustainability  --  High  High Fiduciary  --  Low  Low Environment and Social  --  Low  Low Stakeholders  --  Substantial  Substantial Other  --  --  -- Overall  --  High  High Results Project Development Objective Indicators PHINDPDOTBL  1. Number of pilot inclusive technologies developed/upgraded that are likely to benefit the BoP (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 25.00 Date 06-Dec-2013 10-Mar-2016 20-Jul-2016 30-Nov-2018 PHINDPDOTBL  2. Number of pilot inclusive technologies Commercialized that are likely to benefit the BoP (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target 8/1/2016 Page 4 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam Inclusive Innovation Project (P121643) Value 0.00 0.00 0.00 8.00 Date 06-Dec-2013 10-Mar-2016 20-Jul-2016 30-Nov-2018 Overall Comments No progress has been made on any of the PDO indicators since no sub project has been implemented Intermediate Results Indicators PHINDIRITBL  Intermediate Result indicator One : Number of NDC Solutions funded (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 6.00 Date 06-Dec-2013 10-Mar-2016 20-Jul-2016 30-Nov-2018 PHINDIRITBL  Intermediate Result indicator Two: Number of pilot inclusive technology solutions funded (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 25.00 Date 06-Dec-2013 10-Mar-2016 20-Jul-2016 30-Nov-2018 PHINDIRITBL  Intermediate Result indicator Three: Number of grassroots innovations funded (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 30.00 Date 06-Dec-2013 10-Mar-2016 20-Jul-2016 30-Nov-2018 8/1/2016 Page 5 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam Inclusive Innovation Project (P121643) PHINDIRITBL  Intermediate Result indicator One: Number of pilot inclusive technologies commercialization sub-projects funded (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 8.00 Date 06-Dec-2013 10-Mar-2016 20-Jul-2016 30-Nov-2018 PHINDIRITBL  Intermediate Result indicator Two: Number of SMEs technology upgrading projects funded (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 30.00 Date 06-Dec-2013 10-Mar-2016 20-Jul-2016 30-Nov-2018 PHINDIRITBL  Intermediate Result indicator One: Number of laboratories/ plants upgraded (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 2.00 Date 06-Dec-2013 10-Mar-2016 20-Jul-2016 30-Nov-2018 PHINDIRITBL  Intermediate Result indicator Two: A network of domestic and /or global organizations formed (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 3.00 Date 06-Dec-2013 10-Mar-2016 20-Jul-2016 30-Nov-2018 8/1/2016 Page 6 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam Inclusive Innovation Project (P121643) PHINDIRITBL  Intermediate Result indicator One: PMU and PIU maintained during the project implementation and staffed with required technical and professional experts according to agreed TORs (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 100.00 100.00 100.00 Date 06-Dec-2013 10-Mar-2016 20-Jul-2016 30-Nov-2018 PHINDIRITBL  Intermediate Result indicator Two: Financial management and procurement management systems established and maintained with FM and procurement professionals engaged throughout the project (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 100.00 100.00 100.00 Date 06-Dec-2013 10-Mar-2016 20-Jul-2016 30-Nov-2018 PHINDIRITBL  Intermediate Result indicator Three: M&E system established and M&E reports delivered on time (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 50.00 50.00 100.00 Date 06-Dec-2013 10-Mar-2016 20-Jul-2016 30-Nov-2018 Overall Comments No progress has been made on any of the intermediate indicators since no sub project has been implemented Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P121643 IDA-52490 Effective XDR 36.70 36.70 0.00 3.93 32.77 11% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date 8/1/2016 Page 7 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam Inclusive Innovation Project (P121643) P121643 IDA-52490 Effective 13-May-2013 06-Sep-2013 06-Dec-2013 30-Nov-2018 30-Nov-2018 Cumulative Disbursements Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 8/1/2016 Page 8 of 8 Public Disclosure Copy