Vietnam Renewable Energy Development Project

Abstract*

The objective of the Renewable Energy Development Project for Vietnam is to increase the supply of electricity to the national grid from renewable energy sources on a commercially, environmentally, and socially sustainable basis. There are three components to the project. The first component of the project is renewable energy investments. There are two sub-components to the component. The first sub-component of the project is credit to support renewable... Show More

Development Objective

The objective of the proposed project is to increase the supply of electricity to the national grid from renewable energy sources on a commercially, environmentally and socially sustainable basis.

Key Details

Project Details

Project ID
P103238
Status
Closed
Team Leader
Ky Tran
Borrower 2
Social Republic of Vietnam

Country
Viet Nam
Disclosure Date
August 29, 2007
Approval Date
(as of board presentation)
May 5, 2009
Effective Date
September 14, 2009

Total Project Cost 1
US$ 318.05 million
Implementing Agency
Ministry of Industry and Trade
Region
East Asia and Pacific
Fiscal Year 3
2009

Commitment Amount
US$ 204.28 million
Environmental Category
F
Last Update Date
July 16, 2019
Closing Date
June 30, 2018

Last Stage Reached
BANK APPROVED

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Environment and Natural Resource Management

FY17 - Climate change33%
- FY17 - Mitigation33%

FY17 - Private Sector Development

FY17 - Jobs22%
- FY17 - Job Creation22%

FY17 - Urban and Rural Development

FY17 - Rural Development22%
- FY17 - Rural Infrastructure and service delivery22%
FY17 - Urban Development22%
- FY17 - Urban Infrastructure and Service Delivery22%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
Borrowing Country's Fin. Intermediary/ies	49.79
Borrower/Recipient	63.98
AUSTRALIA: Australian Agency for International Development	2.28
IDA Credit	202.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	202.00
IBRD + IDA Commitment	202.00

Lending Instrument
Grant Amount	2.28
Total Project Cost**	318.05

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

No data available.

Detailed Financial Activity as of March 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Jun 7, 2016	IDA-45640	Loan Disb	667,168.30
Jan 23, 2017	IDA-45640	Loan Disb	2,015,403.10
Oct 1, 2016	IDA-45640	Int Charges	7,038.36
Oct 1, 2016	IDA-45640	Int Charges	7,038.36
Jun 16, 2016	IDA-45640	Loan Disb	1,972,335.80
Jun 10, 2016	IDA-45640	Loan Disb	1,593,565.80
Oct 18, 2016	IDA-45640	Loan Disb	2,634,603.20
Feb 16, 2017	IDA-45640	Loan Disb	4,881,645.00
Mar 17, 2017	IDA-45640	Loan Disb	2,453,749.50
Oct 1, 2016	IDA-45640	Int Charges	373,443.25
Oct 1, 2016	IDA-45640	Int Charges	373,443.25
May 23, 2017	IDA-45640	Loan Disb	1,630,947.20
Apr 12, 2017	IDA-45640	Loan Disb	232,295.05
Oct 1, 2020	IDA-45640	Int Charges	709,484.44
Oct 1, 2020	IDA-45640	Loan Repay	1,909,849.60
Oct 1, 2020	IDA-45640	Loan Repay	20,720.10
Apr 1, 2021	IDA-45640	Loan Repay	4,772.81
Apr 1, 2021	IDA-45640	Loan Repay	1,934,146.00
Apr 1, 2021	IDA-45640	Int Charges	705,281.70
Apr 1, 2021	IDA-45640	Int Charges	705,281.70
Oct 1, 2021	IDA-45640	Loan Repay	40,466.94
Oct 1, 2021	IDA-45640	Loan Repay	3,823,848.00
Oct 1, 2021	IDA-45640	Int Charges	695,576.70
Oct 1, 2021	IDA-45640	Int Charges	695,576.70
Apr 1, 2022	IDA-45640	Loan Repay	55,202.71
Oct 1, 2018	IDA-45640	Int Charges	6,960.00
Nov 2, 2018	IDA-45640	Loan Disb	4,814,545.00
Nov 9, 2018	IDA-45640	Loan Disb	2,277,411.20
Nov 19, 2018	IDA-45640	Loan Disb	3,079.30
Nov 19, 2018	IDA-45640	Loan Cancel	42,478.60
Oct 25, 2018	IDA-45640	Loan Disb	1,481,908.80
Oct 25, 2018	IDA-45640	Loan Disb	836,238.40
Oct 25, 2018	IDA-45640	Loan Disb	1,722,712.20
Oct 29, 2018	IDA-45640	Loan Disb	-39,125.00
Oct 2, 2018	IDA-45640	Loan Disb	5,143,371.50
Oct 2, 2018	IDA-45640	Loan Disb	2,614,547.20
Sep 27, 2018	IDA-45640	Loan Disb	1,898,408.80
Oct 1, 2023	IDA-45640	Int Charges	593,935.56
Oct 1, 2023	IDA-45640	Int Charges	593,935.56
Oct 1, 2023	IDA-45640	Loan Repay	20,187.70
Oct 1, 2023	IDA-45640	Loan Repay	3,579,421.80
Apr 1, 2024	IDA-45640	Loan Repay	3,544,559.50
Apr 1, 2024	IDA-45640	Loan Repay	78,865.34
Apr 1, 2024	IDA-45640	Int Charges	584,277.25
Apr 1, 2024	IDA-45640	Int Charges	584,277.25
May 5, 2009	IDA-45640	Loan Commitment	202,000,000.00
Oct 1, 2020	IDA-45640	Int Charges	709,484.44
Jun 25, 2015	IDA-45640	Loan Disb	684,751.06
Apr 1, 2015	IDA-45640	Int Charges	6,818.24
Apr 1, 2015	IDA-45640	Int Charges	6,818.24
Apr 1, 2015	IDA-45640	Int Charges	195,912.06
Apr 1, 2015	IDA-45640	Int Charges	195,912.06
Oct 16, 2015	IDA-45640	Loan Disb	200,681.70
Dec 28, 2015	IDA-45640	Loan Disb	152,750.00
Aug 20, 2015	IDA-45640	Loan Disb	40,697.25
Jul 13, 2015	IDA-45640	Loan Disb	3,892,735.80
Aug 13, 2015	IDA-45640	Loan Disb	1,051,056.80
Aug 7, 2015	IDA-45640	Loan Disb	2,034,514.60
Oct 1, 2015	IDA-45640	Int Charges	4,413.83
Oct 1, 2015	IDA-45640	Int Charges	4,413.83
Oct 1, 2015	IDA-45640	Int Charges	237,032.20
Oct 1, 2015	IDA-45640	Int Charges	237,032.20
Nov 19, 2015	IDA-45640	Loan Disb	1,754,010.50
Nov 19, 2015	IDA-45640	Loan Disb	549,171.56
Nov 19, 2015	IDA-45640	Loan Disb	2,723,978.80
Sep 24, 2015	IDA-45640	Loan Disb	3,523,918.80
Dec 31, 2015	IDA-45640	Loan Disb	924,771.10
Dec 3, 2015	IDA-45640	Loan Disb	2,661,183.20
Apr 1, 2022	IDA-45640	Loan Repay	3,723,432.00
Apr 1, 2022	IDA-45640	Int Charges	665,984.40
Apr 1, 2022	IDA-45640	Int Charges	665,984.40
Apr 1, 2023	IDA-45640	Loan Repay	0.01
Apr 1, 2023	IDA-45640	Int Charges	-0.01
Apr 1, 2023	IDA-45640	Int Charges	-0.01
Apr 1, 2023	IDA-45640	Loan Repay	144,014.16
Apr 1, 2023	IDA-45640	Loan Repay	3,538,401.50
Apr 1, 2023	IDA-45640	Int Charges	621,407.60
Apr 1, 2023	IDA-45640	Int Charges	621,407.60
Oct 1, 2022	IDA-45640	Loan Repay	56,604.98
Oct 1, 2022	IDA-45640	Int Charges	604,358.50
Oct 1, 2022	IDA-45640	Int Charges	604,358.50
Oct 1, 2022	IDA-45640	Loan Repay	3,446,922.20
Feb 7, 2018	IDA-45640	Loan Disb	634,485.50
Feb 8, 2018	IDA-45640	Loan Disb	4,293,294.50
May 30, 2018	IDA-45640	Loan Disb	2,040,803.90
Jun 15, 2018	IDA-45640	Loan Disb	119,493.26
Jun 11, 2018	IDA-45640	Loan Disb	4,747,638.50
May 11, 2018	IDA-45640	Loan Disb	1,199,839.50
May 22, 2018	IDA-45640	Loan Disb	1,600,536.20
May 22, 2018	IDA-45640	Loan Disb	1,619,557.20
Aug 23, 2018	IDA-45640	Loan Disb	1,137,779.40
May 21, 2018	IDA-45640	Loan Disb	438,875.60
Aug 6, 2018	IDA-45640	Loan Disb	1,673,388.90
Aug 16, 2018	IDA-45640	Loan Disb	1,738,225.60
Aug 7, 2018	IDA-45640	Loan Disb	3,409,958.80
Oct 1, 2018	IDA-45640	Int Charges	6,960.00
Oct 26, 2018	IDA-45640	Loan Disb	1,070,640.90
Oct 1, 2018	IDA-45640	Int Charges	593,249.75
Oct 1, 2018	IDA-45640	Int Charges	593,249.75
Apr 1, 2019	IDA-45640	Int Charges	704,847.40
Apr 1, 2019	IDA-45640	Int Charges	704,847.40
Apr 1, 2019	IDA-45640	Int Charges	5,286.09
Apr 1, 2019	IDA-45640	Int Charges	5,286.09
Oct 1, 2019	IDA-45640	Loan Repay	5,269.17
Oct 1, 2019	IDA-45640	Loan Repay	1,858,919.00
Oct 1, 2019	IDA-45640	Int Charges	699,070.50
Oct 1, 2019	IDA-45640	Int Charges	699,070.50
Apr 1, 2020	IDA-45640	Loan Repay	14,321.68
Apr 1, 2020	IDA-45640	Loan Repay	1,855,190.60
Apr 1, 2020	IDA-45640	Int Charges	694,056.44
Apr 1, 2020	IDA-45640	Int Charges	694,056.44
May 4, 2016	IDA-45640	Loan Disb	2,026,789.60
Apr 1, 2016	IDA-45640	Int Charges	307,781.25
Apr 1, 2016	IDA-45640	Int Charges	307,781.25
Apr 1, 2016	IDA-45640	Int Charges	4,902.67
Apr 1, 2016	IDA-45640	Int Charges	4,902.67
Aug 1, 2016	IDA-45640	Loan Disb	526,594.94
Aug 2, 2016	IDA-45640	Loan Disb	4,934,863.00
Jun 17, 2016	IDA-45640	Loan Disb	9,299,268.00
Jun 17, 2016	IDA-45640	Loan Disb	5,923,231.50
Jul 29, 2016	IDA-45640	Loan Disb	1,818,765.20
Aug 4, 2016	IDA-45640	Loan Disb	909,666.50
Aug 10, 2016	IDA-45640	Loan Disb	5,064,967.00
Apr 20, 2017	IDA-45640	Loan Disb	4,048,975.00
Jul 24, 2017	IDA-45640	Loan Disb	1,609,030.10
Apr 1, 2017	IDA-45640	Int Charges	453,015.84
Apr 1, 2017	IDA-45640	Int Charges	453,015.84
Apr 1, 2017	IDA-45640	Int Charges	12,499.76
Apr 1, 2017	IDA-45640	Int Charges	12,499.76
Oct 3, 2017	IDA-45640	Int Charges	3,326.86
Oct 3, 2017	IDA-45640	Int Charges	3,326.86
Oct 3, 2017	IDA-45640	Int Charges	525,196.60
Oct 3, 2017	IDA-45640	Int Charges	525,196.60
Jul 24, 2017	IDA-45640	Loan Disb	649,704.44
Mar 2, 2018	IDA-45640	Loan Disb	3,780,922.80
Mar 2, 2018	IDA-45640	Loan Disb	149,125.70
Apr 1, 2018	IDA-45640	Int Charges	1,038.94
Apr 1, 2018	IDA-45640	Int Charges	1,038.94
Apr 1, 2018	IDA-45640	Int Charges	550,568.40
Apr 1, 2018	IDA-45640	Int Charges	550,568.40
Oct 1, 2014	IDA-45640	Int Charges	207,547.14
Oct 1, 2014	IDA-45640	Int Charges	207,547.14
Oct 1, 2014	IDA-45640	Int Charges	1,363.69
Oct 1, 2014	IDA-45640	Int Charges	1,363.69
Jan 9, 2015	IDA-45640	Loan Disb	4,224,424.00
Sep 27, 2013	IDA-45640	Loan Disb	2,506,522.20
Dec 19, 2013	IDA-45640	Loan Disb	2,015,487.60
Dec 19, 2013	IDA-45640	Loan Disb	4,805,221.50
Oct 1, 2013	IDA-45640	Int Charges	2,651.39
Oct 1, 2013	IDA-45640	Int Charges	2,651.39
Oct 1, 2013	IDA-45640	Int Charges	157,910.72
Oct 1, 2013	IDA-45640	Int Charges	157,910.72
Apr 29, 2014	IDA-45640	Loan Disb	1,375,257.50
Apr 9, 2014	IDA-45640	Loan Disb	580,534.70
Apr 1, 2014	IDA-45640	Int Charges	3,028.90
Apr 1, 2014	IDA-45640	Int Charges	3,028.90
Apr 1, 2014	IDA-45640	Int Charges	194,477.80
Apr 1, 2014	IDA-45640	Int Charges	194,477.80
Jun 10, 2014	IDA-45640	Loan Disb	1,081,870.10
Jul 17, 2014	IDA-45640	Loan Disb	215,416.64
May 12, 2015	IDA-45640	Loan Disb	1,561,474.00
May 15, 2015	IDA-45640	Loan Disb	3,752,821.20
Jul 17, 2015	IDA-45640	Loan Disb	3,555,215.80

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Counterpart Funding	Satisfactory	2018-08-11
Overall Implementation Progress (IP)	Satisfactory	2018-08-11
Progress towards achievement of PDO	Satisfactory	2018-08-11
Project Management	Satisfactory	2018-08-11
Monitoring and Evaluation	Satisfactory	2018-08-11
Overall Safeguards Rating	Moderately Satisfactory	2018-08-11
Procurement	Satisfactory	2018-08-11
Financial Management	Moderately Satisfactory	2018-08-11
Overall Safeguards Rating	Moderately Satisfactory	2018-08-11

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 12-20-2018
Outcomes	Highly Satisfactory
Risk to Development Outcome
Bank Performance	Highly Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 09-01-2019	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Highly Satisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Satisfactory	N/a
Borrower Performance		N/a
Government Performance	Not Rated	N/a
Implementing Agency		N/a
Icr Quality	Substantial	N/a
M&e Quality	Substantial	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Percentage renewable energy projects (small hydro) meeting new environment and social best practices Value 0.00 100.00 100.00
Date May 5, 2009 June 30, 2018 June 30, 2018
Comment
Electricity supplied to the national grid by renewable energy project financed under REDP Value 0.00 960.00 1069.00
Date May 5, 2009 June 30, 2018 June 30, 2018
Comment
Electricity supplied to the national grid by grid connected renewable energy projects using Avoided Cost Tariff Value 0.00 1250.00 11139.00
Date December 31, 2008 June 30, 2018 June 30, 2018
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Generation Capacity of Hydropower constructed or rehabilitated under the project Value 0.00 250.00 269.00
Date May 5, 2009 June 30, 2018 June 30, 2018
Comment
Renewable energy capacity financed using ACT by non IDA sources Value 0.00 150.00 1500.00
Date May 5, 2009 June 30, 2018 June 30, 2018
Comment
Proportion of commissioned subprojects under REDP meeting appraised budget, timetable and performance Value 0.00 70.00 80.00
Date May 5, 2009 June 30, 2018 June 30, 2018
Comment
Law on Energy Conservation Value Under preparation Passed Passed
Date May 5, 2009 June 30, 2014 October 30, 2012
Comment
Renewable Energy Deverlopment Stratery Value Not in place Approved Approved
Date May 5, 2009 June 30, 2018 November 30, 2015
Comment
Adoption of technical standards for small hydro Value Not in place Technical standard for small hydro adopted Technical standard for small hydro adopted
Date May 5, 2009 June 30, 2014 June 30, 2014
Comment
Environmental guideline for small hydro Value Not in place Issued at the MTR and implemented at ICR Approved and launched
Date May 5, 2009 June 30, 2018 June 30, 2018
Comment
Social guideline for small hydro Value Not in place Issued at the MTR and implemented at ICR Approved and launched
Date May 5, 2009 June 30, 2018 June 30, 2018
Comment
Annual updating of the ACT Value Approved Implemented Updated for 2009, 2010, 201, 2012, 2013, 2014, 201
Date May 5, 2009 June 30, 2018 June 30, 2018
Comment
Number of SPPAs signed for grid-connected renewables Value 0.00 30.00 272.00
Date May 5, 2009 June 30, 2018 June 30, 2018
Comment

National Renewable Energy Database	Value	No national renewable energy database is available	A national renewable energy database is developed	a national RE database is developed
	Date	June 30, 2014	June 30, 2018	June 30, 2018
	Comment

Capacity of pipeline of RE subprojects supported by the facility Value 0.00 25.00 25.00
Date May 5, 2009 June 30, 2018 June 30, 2018
Comment
Number of improved/new training courses offered on a cost-sharing basis Value 0.00 13.00 10.00
Date May 5, 2009 June 30, 2018 June 30, 2018
Comment
Number of trainees from banks and sponsors Value 0.00 50.00 110.00
Date May 5, 2009 June 30, 2018 June 30, 2018
Comment
Study on financing needs for pipeline of renewable energy projects Value None Completed Completed
Date May 5, 2009 June 30, 2014 June 30, 2014
Comment
Generation Capacity of Hydropower constructed under the project Value 0.00 250.00 269.00
Date May 5, 2009 June 30, 2018 June 30, 2018
Comment
Renewable energy capacity installed under REDP Value 0.00 250.00 269.00
Date May 5, 2009 June 30, 2018 June 30, 2018
Comment

Percentage renewable energy projects (small hydro) meeting new environment and social best practices	Value	0.00	100.00	100.00
	Date	May 5, 2009	June 30, 2018	June 30, 2018
	Comment

Law on Energy Conservation	Value	Under preparation	Passed	Passed
	Date	May 5, 2009	June 30, 2014	October 30, 2012
	Comment

Renewable Energy Deverlopment Stratery	Value	Not in place	Approved	Approved
	Date	May 5, 2009	June 30, 2018	November 30, 2015
	Comment

Environmental guideline for small hydro	Value	Not in place	Issued at the MTR and implemented at ICR	Approved and launched
	Date	May 5, 2009	June 30, 2018	June 30, 2018
	Comment

Social guideline for small hydro	Value	Not in place	Issued at the MTR and implemented at ICR	Approved and launched
	Date	May 5, 2009	June 30, 2018	June 30, 2018
	Comment

Annual updating of the ACT	Value	Approved	Implemented	Updated for 2009, 2010, 201, 2012, 2013, 2014, 201
	Date	May 5, 2009	June 30, 2018	June 30, 2018
	Comment

Study on financing needs for pipeline of renewable energy projects	Value	None	Completed	Completed
	Date	May 5, 2009	June 30, 2014	June 30, 2014
	Comment