| Financier | Commitments |
|---|---|
| GLOBAL INFRASTRUCTURE FACILITY | 1.50 |
Vietnam Solar Transition Accelerator (VISTA)
Development Objective
The Project Development Objective is to support the Government of Vietnam in piloting the implementation of a sustainable solar competitive bidding program to mobilize private investments
Key Details
Project Details
P172974
Closed
Chiara Rogate , Thi Chu
Socialist Republic of Vietnam
December 18, 2019
(as of board presentation)
August 13, 2020
October 14, 2020
US$ 1.50 million
Ministry of Industry and Trade (MOIT)
2021
US$ 1.50 million
N/A
Substantial
March 31, 2025
Yes
BANK APPROVED
June 25, 2023
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | N/A |
| Lending Instrument | |
|---|---|
| Grant Amount | 1.50 |
| Total Project Cost** | 1.50 |
Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025
No data available.
Detailed Financial Activity as of July 31, 2025
No data available.
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Progress towards achievement of PDO | Unsatisfactory | 2024-09-27 |
| Overall Implementation Progress (IP) | Unsatisfactory | 2024-09-27 |
COMPLETION RATINGS
| INDICATOR | IMPLEMENTATION COMPLETION & RESULTS REPORT: |
|---|---|
| Outcomes | |
| Risk to Development Outcome | |
| Bank Performance | Moderately Satisfactory |
| Borrower Performance | |
| Government Performance | |
| Implementing Agency |
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Private investments mobilized (US$) Value 0.00 0.00 350000000.00 Date January 6, 2020 June 6, 2022 February 11, 2025 Comment Pilot solar competitive bidding completed Value No No Yes Date January 6, 2020 June 6, 2022 February 11, 2025 Comment Note on lessons learnt from the pilot tenders disseminated to key public stakeholders Value No No Yes Date January 28, 2020 June 6, 2022 February 11, 2025 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Recruitment of transaction advisory firm with required legal, financial and technical expertise for substation-based competitive bidding Value No No Yes Date March 4, 2019 June 6, 2022 September 1, 2021 Comment Recruitment of transaction advisory firm with required legal, financial and technical expertise for solar park competitive bidding Value No No Yes Date February 27, 2020 June 6, 2022 October 25, 2023 Comment