Skip to Main Navigation

Vietnam Power Sector Reform DPO3

Abstract*

The objective of the Third Power Sector Reform Development Policy Operation Program Project for Vietnam is to support the Government of Vietnam in the design and implementation of a competitive market for electricity generation; to restructure the power sector and reform of electricity tariff system that will facilitate effective competition, transparency, and predictability; to encourage timely investment in new generation capacity; to enhance power...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

Show More

Development Objective

The objective of the Vietnam Power Sector Reform DPO program is to support the Government of Vietnam (GoV) in the design and implementation of a competitive market for electricity generation, restructuring of the power sector and reform of electricity tariff system that will facilitate effective competition, transparency and predictability; to encourage timely investment in new generation capacity; enhance power system efficiency and reliable operation, and implement pricing and programs that promote the efficient use of electricity. Accordingly, the program is designed with the following four policy areas: (i) development of competitive power market;(ii) transition to power sector restructuring suitable for market competition; (iii) electricity tariff reform; and (iv) promotion of demand side efficiency.

Key Details

Project Details

  • P144675

  • Closed

  • Pedro Antmann

  • Ministry of Industry and Trade

  • Viet Nam

  • June 30, 2014

  • (as of board presentation)

    June 30, 2014

  • October 30, 2014

  • US$ 200.00 million

  • Electricity Regulatory Authority of Vietnam (ERAV - MOIT)

  • East Asia and Pacific

  • 2014

  • US$ 200.00 million

  • N/A

  • Not Applicable

  • July 31, 2015

  • BANK APPROVED

  • P124174

  • July 16, 2019

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 200.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 200.00
IDA Commitment N/A
IBRD + IDA Commitment 200.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 200.00

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

Download:
No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of June 30, 2025

Download:
No data available.
Period Financier Transaction Type Amount (US$)
Mar 15, 2016 IBRD-83720 Int Charges 1,102,111.10
Mar 15, 2023 IBRD-83720 Loan Repay 4,540,000.00
Sep 15, 2023 IBRD-83720 Int Charges 71,185.51
Sep 15, 2023 IBRD-83720 Int Charges 5,307,211.50
Sep 15, 2023 IBRD-83720 Loan Repay 4,540,000.00
Mar 15, 2024 IBRD-83720 Int Charges 93,297.56
Mar 15, 2024 IBRD-83720 Int Charges 5,746,541.50
Mar 15, 2024 IBRD-83720 Loan Repay 4,540,000.00
Sep 15, 2022 IBRD-83720 Int Charges 1,791,799.40
Sep 15, 2022 IBRD-83720 Loan Repay 4,540,000.00
Mar 15, 2023 IBRD-83720 Int Charges 217,762.60
Mar 15, 2022 IBRD-83720 Int Charges 864,801.94
Mar 15, 2022 IBRD-83720 Loan Repay 4,540,000.00
Sep 15, 2021 IBRD-83720 Int Charges 930,222.25
Sep 15, 2021 IBRD-83720 Loan Repay 4,540,000.00
Sep 15, 2020 IBRD-83720 Int Charges 1,451,555.50
Mar 15, 2021 IBRD-83720 Int Charges 985,444.44
Mar 15, 2019 IBRD-83720 Int Charges 3,268,055.50
Sep 15, 2019 IBRD-83720 Int Charges 3,455,111.00
Mar 15, 2020 IBRD-83720 Int Charges 2,770,444.50
Sep 15, 2017 IBRD-83720 Int Charges 2,116,000.00
Mar 15, 2018 IBRD-83720 Int Charges 2,121,722.20
Sep 18, 2018 IBRD-83720 Int Charges 3,025,777.80
Mar 15, 2017 IBRD-83720 Int Charges 1,870,333.40
Oct 30, 2014 IBRD-83720 Loan Disb 500,000.00
Oct 30, 2014 IBRD-83720 Fee Charges 500,000.00
Mar 15, 2015 IBRD-83720 Int Charges 1,567.78
Sep 22, 2015 IBRD-83720 Int Charges 2,376.66
Aug 3, 2015 IBRD-83720 Loan Disb 199,500,000.00
Sep 15, 2016 IBRD-83720 Int Charges 1,512,888.90
Mar 15, 2016 IBRD-83720 Int Charges 221,611.23
Mar 15, 2023 IBRD-83720 Int Charges 4,702,342.50
Jun 30, 2014 IBRD-83720 Loan Commitment 200,000,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Program Management Satisfactory 2015-08-10
Overall Implementation Progress (IP) Satisfactory 2015-08-10
Progress towards achievement of PDO Satisfactory 2015-08-10
Monitoring and Evaluation Satisfactory 2015-08-10

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 07-25-2016
OutcomesModerately Satisfactory
Risk to Development OutcomeHigh
Bank PerformanceModerately Satisfactory
Borrower PerformanceModerately Satisfactory
Government PerformanceModerately Satisfactory
Implementing AgencySubstantial

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 10-24-2016PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Satisfactory N/a
Risk To Development OutcomeHighN/a
Bank PerformanceModerately SatisfactoryN/a
Borrower PerformanceModerately SatisfactoryN/a
Government PerformanceModerately SatisfactoryN/a
Implementing AgencySatisfactoryN/a
Icr QualitySubstantialN/a
M&e QualitySubstantialN/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Contracts in place covering 90 percent of demand, for non BOT generation based on pricing methodologies and standard form issued byMOITValue0.0095.0095.00
    DateDecember 31, 2009May 30, 2014July 31, 2015
    Comment
  • Competitive generation spot market price being publish by system and market operatorValueNoYesYes
    DateDecember 31, 2009May 30, 2014July 31, 2014
    Comment
  • The number and diversity of electricty generation companies is increased, with no single company owning more than 45 percent of capacityValue75.0045.0045.00
    DateDecember 30, 2008May 30, 2014July 31, 2014
    Comment
  • Annual tariff adjustments are approved each yearValueNoYesYes
    DateDecember 31, 2008March 31, 2014July 31, 2014
    Comment
  • Energy efficiency obligations are established by law and regulator has capacity to enforce and monitor load profiling adn demand response programs for power corporationsValueNoYesYes
    DateDecember 31, 2009May 30, 2014July 31, 2014
    Comment
  • Power system is operated with hourly reserve of electricity generation capacity not less than 10 percentValue0.0017.9017.90
    DateDecember 31, 2013June 28, 2013July 31, 2015
    Comment
  • The system and market operator follows dispatch and sytem operation rules to ensure no discrimination among generators, as measuredby and independent audit.ValueNoYesYes
    DateDecember 31, 2008May 30, 2014July 31, 2014
    Comment
  • Cross subsidies from industrial and commercial to residential consumers are reduced by 50 percent and subsidies to residential target low income consumersValueNoYesYes
    DateDecember 31, 2007May 30, 2014July 31, 2014
    Comment