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: 8 | ARCHIVED on 19-Jul-2017 | ISR29057 | Implementing Agencies: Enterprise Development agency, Ministry of Planning and Investment, National Foundation of Science and Technology Development (NAFOSTED), Ministry of Science and Techno, SOCIALIST REPUBLIC OF VIETNAM 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 Upgrading, Scaling up and Commercialization of Inclusive Technologies Capacity Building and Global Knowledge Transfer Project Management, Monitoring and Evaluation:(Cost $1179501.47 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 7/19/2017 Page 1 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam Inclusive Innovation Project (P121643) Implementation Status and Key Decisions The Bank received the formal request on March 31, 2017 to cancel the undisbursed funds and close the project. On April 18,2017 upon completion of the restructuring process in the Bank, a letter was sent to State Bank of Vietnam confirming the cancellation of SDR 36,700,000 from the project. On June 30, 2017 a second cancellation was undertaken of the undisbursed amount of SDR 168,528.53 from Category 3 which had been refunded to the Bank by the PMU. These cancellation being undertaken prior to June 30, 2017 implied that these funds were not lost and can be recommitted towards other IDA funds for GoV. The new closing date for the project is now June 30, 2017. 7/19/2017 Page 2 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam Inclusive Innovation Project (P121643) 7/19/2017 Page 3 of 9 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 7/19/2017 Page 4 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam Inclusive Innovation Project (P121643) Macroeconomic  --  Substantial  Substantial Sector Strategies and Policies  --  Substantial  Substantial 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 06-Jan-2017 30-Jun-2017 30-Jun-2017 PHINDPDOTBL  2. Number of pilot inclusive technologies Commercialized that are likely to benefit the BoP (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 8.00 Date 06-Dec-2013 06-Jan-2017 30-Jun-2017 30-Jun-2017 Overall Comments None of the indicators were achieved given the lack of progress in the project which led to its cancellation and closure. Intermediate Results Indicators 7/19/2017 Page 5 of 9 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 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 06-Jan-2017 30-Jun-2017 30-Jun-2017 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 06-Jan-2017 30-Jun-2017 30-Jun-2017 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 06-Jan-2017 30-Jun-2017 30-Jun-2017 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 06-Jan-2017 30-Jun-2017 30-Jun-2017 7/19/2017 Page 6 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam Inclusive Innovation Project (P121643) 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 06-Jan-2017 30-Jun-2017 30-Jun-2017 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 06-Jan-2017 30-Jun-2017 30-Jun-2017 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 06-Jan-2017 30-Jun-2017 30-Jun-2017 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 06-Jan-2017 30-Jun-2017 30-Jun-2017 7/19/2017 Page 7 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam Inclusive Innovation Project (P121643) 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 06-Jan-2017 30-Jun-2017 30-Jun-2017 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 06-Jan-2017 30-Jun-2017 30-Jun-2017 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P121643 IDA-52490 Effective USD 55.00 6.42 48.58 1.38 0.00 22% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P121643 IDA-52490 Effective 13-May-2013 06-Sep-2013 06-Dec-2013 30-Nov-2018 30-Nov-2018 Cumulative Disbursements 7/19/2017 Page 8 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam Inclusive Innovation Project (P121643) Restructuring History Level 2 Approved on 17-Apr-2017 Related Project(s) There are no related projects. 7/19/2017 Page 9 of 9 Public Disclosure Copy