Fostering Innovation through Research, Science and Technology (FIRST)

Abstract*

The development objective of the Fostering Innovation through Research, Science and Technology (FIRST) Project for Vietnam is to support science, technology and innovation (STI) in Vietnam by designing and piloting of STI policies, enhancing the effectiveness of project-aided research and development (R and D) institutions, and encouraging the development of innovative technology enterprises. The project has three components. The first component is... Show More

Development Objective

The project development objective is to support science, technology and innovation (STI) in Vietnam by designing and piloting of STI policies, enhancing the effectiveness of project-aided research and development (R&D) institutions, and encouraging the development of innovative technology enterprises.

Key Details

Project Details

Project ID
P117394
Status
Closed
Team Leader
Dilip Parajuli , Dung Dao
Borrower 2
Socialist Republic of Vietnam

Country
Viet Nam
Disclosure Date
February 8, 2013
Approval Date
(as of board presentation)
May 31, 2013
Effective Date
October 22, 2013

Total Project Cost 1
US$ 110.00 million
Implementing Agency
Ministry of Science and Technology
Region
East Asia and Pacific
Fiscal Year 3
2013

Commitment Amount
US$ 100.00 million
Environmental Category
B
Environmental and Social Risk
Not Applicable
Closing Date
December 31, 2019

Consultant Services required
Yes
Last Stage Reached
BANK APPROVED
Last Update Date
August 15, 2023

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 - Human Development and Gender

FY17 - Education84%
- FY17 - Access to Education21%
- FY17 - Science and Technology21%
- FY17 - Standards, Curriculum and Textbooks21%
- FY17 - Teachers21%

FY17 - Private Sector Development

FY17 - Business Enabling Environment16%
- FY17 - Investment and Business Climate16%
FY17 - Public Private Partnerships10%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	100.00
Borrower/Recipient	10.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	100.00
IBRD + IDA Commitment	100.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	110.00

Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025

No data available.

Detailed Financial Activity as of April 30, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Nov 1, 2015	IDA-52570	Int Charges	12,476.26
Nov 1, 2015	IDA-52570	Int Charges	12,476.26
Nov 1, 2015	IDA-52570	Int Charges	20,793.78
Nov 1, 2015	IDA-52570	Int Charges	851.66
May 1, 2016	IDA-52570	Int Charges	268.46
May 1, 2016	IDA-52570	Int Charges	268.46
May 1, 2016	IDA-52570	Int Charges	20,708.40
May 1, 2016	IDA-52570	Int Charges	12,670.86
May 1, 2016	IDA-52570	Int Charges	12,670.86
Nov 1, 2016	IDA-52570	Int Charges	833.22
Nov 1, 2016	IDA-52570	Int Charges	15,074.48
Nov 1, 2016	IDA-52570	Int Charges	15,074.48
Nov 1, 2016	IDA-52570	Int Charges	25,124.18
Mar 26, 2015	IDA-52570	Loan Disb	437,884.28
May 1, 2015	IDA-52570	Int Charges	911.22
May 1, 2015	IDA-52570	Int Charges	911.22
May 1, 2015	IDA-52570	Int Charges	9,654.35
Jun 24, 2015	IDA-52570	Loan Disb	251,927.23
May 1, 2017	IDA-52570	Int Charges	527.75
Oct 11, 2017	IDA-52570	Loan Disb	2,868,000.00
Jun 13, 2016	IDA-52570	Loan Disb	887,610.20
Nov 1, 2021	IDA-52570	Int Charges	168,561.70
Nov 1, 2021	IDA-52570	Int Charges	168,561.70
Nov 1, 2021	IDA-52570	Int Charges	280,936.12
Nov 1, 2021	IDA-52570	Loan Repay	653.70
Nov 1, 2020	IDA-52570	Int Charges	291,461.00
Nov 1, 2020	IDA-52570	Loan Repay	3,858.80
Nov 1, 2020	IDA-52570	Loan Repay	819,784.44
Nov 1, 2020	IDA-52570	Int Charges	174,876.60
Nov 1, 2020	IDA-52570	Int Charges	174,876.60
Dec 26, 2019	IDA-52570	Loan Cancel	3,499,129.50
May 1, 2020	IDA-52570	Int Charges	11,132.19
May 1, 2020	IDA-52570	Loan Repay	862,897.00
May 1, 2020	IDA-52570	Int Charges	167,592.95
May 1, 2020	IDA-52570	Int Charges	167,592.95
May 1, 2020	IDA-52570	Int Charges	279,321.60
May 29, 2020	IDA-52570	Loan Disb	-65,982.75
May 29, 2020	IDA-52570	Loan Cancel	3,628,302.00
Nov 1, 2019	IDA-52570	Loan Repay	0.01
Nov 1, 2019	IDA-52570	Int Charges	-0.01
Nov 1, 2019	IDA-52570	Int Charges	-0.01
Nov 5, 2019	IDA-52570	Loan Disb	3,366,076.50
Dec 18, 2019	IDA-52570	Loan Disb	5,351,924.00
Apr 8, 2019	IDA-52570	Loan Disb	11,739,445.00
May 1, 2019	IDA-52570	Loan Repay	14,499.93
May 1, 2019	IDA-52570	Loan Repay	1,143,586.00
May 1, 2019	IDA-52570	Int Charges	96,487.55
May 1, 2019	IDA-52570	Int Charges	96,487.55
May 1, 2019	IDA-52570	Int Charges	152,879.06
Nov 1, 2019	IDA-52570	Int Charges	7,890.90
May 31, 2013	IDA-52570	Loan Commitment	100,000,000.00
Nov 1, 2023	IDA-52570	Int Charges	133,493.95
Nov 1, 2023	IDA-52570	Int Charges	133,493.95
Nov 1, 2023	IDA-52570	Int Charges	222,489.95
Nov 1, 2023	IDA-52570	Int Charges	19,444.43
Nov 1, 2023	IDA-52570	Loan Repay	1,527,629.40
May 1, 2024	IDA-52570	Int Charges	213,861.34
May 1, 2024	IDA-52570	Loan Repay	1,503,810.80
May 1, 2024	IDA-52570	Int Charges	128,316.79
May 1, 2024	IDA-52570	Int Charges	128,316.79
May 1, 2024	IDA-52570	Loan Repay	30,411.71
May 1, 2023	IDA-52570	Int Charges	218,856.81
May 1, 2023	IDA-52570	Loan Repay	23,687.65
May 1, 2023	IDA-52570	Loan Repay	1,548,950.20
May 1, 2023	IDA-52570	Int Charges	0.01
May 1, 2023	IDA-52570	Int Charges	143,324.45
May 1, 2023	IDA-52570	Int Charges	143,324.45
Nov 1, 2022	IDA-52570	Loan Repay	1,425,992.90
Nov 1, 2022	IDA-52570	Int Charges	142,361.34
Nov 1, 2022	IDA-52570	Int Charges	142,361.34
Nov 1, 2022	IDA-52570	Int Charges	237,268.88
Nov 1, 2022	IDA-52570	Loan Repay	74,341.98
May 1, 2022	IDA-52570	Loan Repay	18,450.40
May 1, 2022	IDA-52570	Loan Repay	1,550,254.90
May 1, 2022	IDA-52570	Int Charges	154,731.40
May 1, 2022	IDA-52570	Int Charges	154,731.40
May 1, 2022	IDA-52570	Int Charges	257,885.66
May 1, 2021	IDA-52570	Loan Repay	826,976.20
May 1, 2021	IDA-52570	Int Charges	174,710.94
May 1, 2021	IDA-52570	Int Charges	174,710.94
May 1, 2021	IDA-52570	Loan Repay	10,874.44
May 1, 2021	IDA-52570	Int Charges	291,184.84
Nov 1, 2021	IDA-52570	Loan Repay	1,645,675.90
May 1, 2015	IDA-52570	Int Charges	9,654.35
May 1, 2015	IDA-52570	Int Charges	16,751.28
Mar 31, 2014	IDA-52570	Loan Disb	3,000,000.00
Nov 1, 2014	IDA-52570	Int Charges	1,853.15
Nov 1, 2014	IDA-52570	Int Charges	1,853.15
Nov 1, 2014	IDA-52570	Int Charges	3,088.56
Nov 1, 2014	IDA-52570	Int Charges	10,760.17
Nov 1, 2014	IDA-52570	Int Charges	10,760.17
Nov 1, 2014	IDA-52570	Int Charges	17,933.58
Nov 1, 2019	IDA-52570	Loan Repay	930,513.80
Aug 19, 2019	IDA-52570	Loan Cancel	12,898,210.00
Nov 1, 2019	IDA-52570	Int Charges	145,202.42
Nov 1, 2019	IDA-52570	Int Charges	145,202.42
Nov 1, 2019	IDA-52570	Int Charges	230,784.55
Nov 1, 2019	IDA-52570	Int Charges	0.01
May 1, 2018	IDA-52570	Int Charges	41,205.26
May 1, 2018	IDA-52570	Int Charges	41,205.26
May 1, 2018	IDA-52570	Int Charges	62,086.94
May 1, 2018	IDA-52570	Int Charges	2,717.92
Nov 1, 2018	IDA-52570	Int Charges	6,365.83
Nov 1, 2018	IDA-52570	Loan Repay	1,156,967.50
Nov 1, 2018	IDA-52570	Int Charges	57,985.81
Nov 1, 2018	IDA-52570	Int Charges	57,985.81
Nov 1, 2018	IDA-52570	Int Charges	96,643.05
Jan 28, 2019	IDA-52570	Loan Disb	3,057,280.00
Dec 14, 2018	IDA-52570	Loan Disb	4,114,280.20
Jan 25, 2019	IDA-52570	Loan Disb	3,574,855.50
Mar 28, 2018	IDA-52570	Loan Disb	4,016,242.20
Aug 29, 2018	IDA-52570	Loan Disb	3,403,000.00
Aug 29, 2018	IDA-52570	Loan Disb	1,661,574.00
Aug 3, 2017	IDA-52570	Loan Disb	2,909,804.00
Nov 1, 2017	IDA-52570	Int Charges	689.09
Nov 1, 2017	IDA-52570	Int Charges	22,644.20
Nov 1, 2017	IDA-52570	Int Charges	22,644.20
Nov 1, 2017	IDA-52570	Int Charges	35,078.36
Mar 31, 2017	IDA-52570	Loan Cancel	22,000,000.00
May 8, 2017	IDA-52570	Int Charges	15,222.38
May 8, 2017	IDA-52570	Int Charges	15,222.38
May 8, 2017	IDA-52570	Int Charges	25,578.84
May 1, 2017	IDA-52570	Int Charges	527.75

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Procurement	Moderately Satisfactory	2019-12-30
Project Management	Satisfactory	2019-12-30
Financial Management	Moderately Satisfactory	2019-12-30
Progress towards achievement of PDO	Satisfactory	2019-12-30
Monitoring and Evaluation	Satisfactory	2019-12-30
Counterpart Funding	Satisfactory	2019-12-30
Overall Implementation Progress (IP)	Satisfactory	2019-12-30

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 06-29-2020
Outcomes	Substantial
Risk to Development Outcome
Bank Performance	Moderately Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 12-04-2020	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Satisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Moderately 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	Modest	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Consortia and start-up projects (grants) completed successfully with new products and processes developed Value 0.00 15.00 0.00
Date October 1, 2013 December 31, 2019
Comment
Number of international scientific publications made by beneficiary organizations (disaggregated by gender) Value 0.00 105.00 10.00
Date October 1, 2013 December 31, 2019 January 22, 2019
Comment
Number of innovative activity by beneficiary organizations (disaggregated by gender) Value 0.00 108.00 10.00
Date October 1, 2013 December 31, 2019 January 22, 2019
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Number of international researchers participated in project (disaggregated by gender) Value 0.00 102.00 0.00
Date October 1, 2013 December 31, 2019
Comment
Number of GRIs with satisfactory implementation of GRI grant Value 0.00 16.00 3.00
Date October 1, 2013 December 31, 2019
Comment
Research report produced Value No Yes
Date October 1, 2013 December 31, 2019
Comment
Number of know-how, new knowledge and new methodologies transferred Value 0.00 15.00 0.00
Date October 1, 2013 December 31, 2019
Comment
Number of competitive grants awarded and successfully completed to innovative technology enterprises Value 0.00 3.00 3.00
Date October 1, 2013 December 31, 2019 December 31, 2019
Comment
Conduct STI Survey Value No Yes Yes
Date October 1, 2013 December 31, 2019
Comment
Number of matching grants successfully implemented by research-innovation consortia Value 0.00 11.00 15.00
Date October 1, 2013 December 31, 2019 December 31, 2019
Comment
S&T Management Information system Value No Yes
Date October 1, 2013 June 30, 2020
Comment

Consortia and start-up projects (grants) completed successfully with new products and processes developed	Value	0.00	15.00	0.00
	Date	October 1, 2013	December 31, 2019
	Comment

Research report produced	Value	No	Yes
	Date	October 1, 2013	December 31, 2019
	Comment

Conduct STI Survey	Value	No	Yes	Yes
	Date	October 1, 2013	December 31, 2019
	Comment

S&T Management Information system	Value	No	Yes
	Date	October 1, 2013	June 30, 2020
	Comment

Number of international scientific publications made by beneficiary organizations (disaggregated by gender)	Value	0.00	105.00	10.00
	Date	October 1, 2013	December 31, 2019	January 22, 2019
	Comment