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 & the Blue Economy Global Practice | Montreal Protocol | Investment Project Financing | FY 2019 | Seq No: 2 | ARCHIVED on 05-Nov-2019 | ISR39045 | 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: 30-Nov-2021 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 Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Overall Risk Rating Substantial Substantial Implementation Status and Key Decisions The early stages of implementation are on track, including establishment of the Project Management Unit and the beginning of key procurement actions. A formal launch workshop was organized by the Ministry of Natural Resources and Environment to coincide with Ozone Day on September 16, 2019. The launch was reported by the media and attended by numerous enterprises interested in converting their production to HCFC-free processes, as well as by universities, government officials, and other partners and stakeholders. 11/5/2019 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 Substantial Macroeconomic Low Low Low Sector Strategies and Policies Low Low Low Technical Design of Project or Program Substantial Substantial Substantial Institutional Capacity for Implementation and Sustainability Substantial Substantial Substantial Fiduciary Substantial Substantial Substantial Environment and Social Moderate Moderate Moderate Stakeholders Moderate Moderate Moderate Other -- -- -- Overall Substantial Substantial Substantial Results PDO Indicators by Objectives / Outcomes Reduce HCFC consumption to assist Vietnam meet its phase-out obligations under the MP IN00758638 ►National HCFC phase-out targets met (Tones/year, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 199.08 199.08 195.60 143.78 Date 31-Dec-2015 22-Apr-2019 31-Dec-2018 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 IN00758639 ►Avoided CO2e emissions (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 2,900,000.00 Date 31-Mar-2019 22-Apr-2019 22-Apr-2019 31-Dec-2023 The avoided CO2 equivalent emissions will be measured in tons of avoided CO2 equivalent emissions. Comments: This is a cumulative target 11/5/2019 Page 2 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam HCFC Phaseout Project Stage II (P152232) 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 difficult to estimate when each enterprise will complete its phase-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 IN00758640 ►Cumulative HCFC consumption phase-out in foam sector (Metric ton, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 100.00 Date 31-Mar-2019 22-Apr-2019 22-Apr-2019 31-Dec-2023 IN00758667 ►Cumulative HCFC consumption phase-out in AC sector (Metric ton, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 317.30 Date 31-Mar-2019 22-Apr-2019 22-Apr-2019 31-Dec-2023 IN00758669 ►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 0.00 588.30 Date 31-Mar-2019 22-Apr-2019 22-Apr-2019 31-Dec-2023 Component 2: Technical Assistance and Policy Actions IN00758666 ►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 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 22-Apr-2019 IN00758668 ►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 0.00 implementation plan Date 31-Mar-2019 22-Apr-2019 22-Apr-2019 31-Dec-2023 11/5/2019 Page 3 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam HCFC Phaseout Project Stage II (P152232) Overall Comments IR Current values are zero for the intermediate outcomes as the conversion projects in sub-sectors did not yet start and PMU is in the process of contracting all initial consultancy contracts. 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 0.40 14.25 2.7% 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 11/5/2019 Page 4 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam HCFC Phaseout Project Stage II (P152232) Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 11/5/2019 Page 5 of 5