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: 5 | ARCHIVED on 28-Mar-2016 | ISR22620 | 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:-- 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  Moderately Unsatisfactory  Unsatisfactory Overall Implementation Progress (IP)  Moderately Unsatisfactory  Unsatisfactory Overall Risk Rating  Substantial  High 3/28/2016 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 At the current pace of implementation, the project faces the risk of not being able to meet its intended objective. The lack of any progress since the past ISR in September 2015 and since the mission in December 2015 has led to the PDO and IP rating to be further downgraded to Unsatisfactory. In order to be able to meet the PDO, the project implementation will need to be significantly expedited on all components. This would include the expedient approval of the selected sub projects under component 1 and 2 with the finalization of the approval of the first and second calls. In addition, the PMU would need to expedite the process of the selection of additional PFIs under component 2 and the procurement of equipment under component 3 to be finalized prior to the Mid Term Review in May 2016. 3/28/2016 Page 2 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  --  Substantial  High Macroeconomic  --  Substantial  Substantial Sector Strategies and Policies  --  Moderate  Moderate Technical Design of Project or Program  --  Low  Substantial 3/28/2016 Page 3 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam Inclusive Innovation Project (P121643) Institutional Capacity for Implementation and Sustainability  --  Substantial  High Fiduciary  --  Low  Low Environment and Social  --  Low  Low Stakeholders  --  Substantial  Substantial Other  --  --  -- Overall  --  Substantial  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 18-Aug-2015 10-Mar-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 Value 0.00 0.00 0.00 8.00 Date 06-Dec-2013 18-Aug-2015 10-Mar-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 3/28/2016 Page 4 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 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 18-Aug-2015 10-Mar-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 18-Aug-2015 10-Mar-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 18-Aug-2015 10-Mar-2016 30-Nov-2018 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 18-Aug-2015 10-Mar-2016 30-Nov-2018 3/28/2016 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 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 18-Aug-2015 10-Mar-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 18-Aug-2015 10-Mar-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 18-Aug-2015 10-Mar-2016 30-Nov-2018 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 18-Aug-2015 10-Mar-2016 30-Nov-2018 3/28/2016 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 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 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 18-Aug-2015 10-Mar-2016 30-Nov-2018 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 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 P121643 IDA-52490 Effective 13-May-2013 06-Sep-2013 06-Dec-2013 30-Nov-2018 30-Nov-2018 Cumulative Disbursements 3/28/2016 Page 7 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Vietnam Inclusive Innovation Project (P121643) Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 3/28/2016 Page 8 of 8 Public Disclosure Copy