| Financier | Commitments |
|---|---|
| Partnership for Market Implementation Facility | 5.00 |
Vietnam Partnership for Market Implementation
Abstract*
Vietnam has been experiencing a relatively high growth rate in socio-economic development with the diverse portfolio of GHG emitters in terms of abatement sizes, abatement costs, and constraints to mitigate GHG emissions. Developing and applying CPIs are critical to leverage businesses and individuals' incentives to seek out and exploit the lower-cost ways of reducing emissions. Pricing carbon delivers clear signals to innovators and entrepreneurs... Show More
Development Objective
The PDO is to facilitate Vietnam’s transition to a low-carbon economy through the implementation of carbon pricing instruments.
Key Details
Project Details
P178165
Active
Muthukumara Mani , Taisei Matsuki
State Bank of Vietnam
January 24, 2022
(as of board presentation)
July 21, 2023
N/A
US$ 5.00 million
Ministry of Natural Resources and Environment
2024
US$ 5.00 million
N/A
Moderate
December 31, 2028
Yes
BANK APPROVED
November 22, 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 | 5.00 |
| Total Project Cost** | 5.00 |
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 |
|---|---|---|
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2024-05-22 |
| Overall Implementation Progress (IP) | Moderately Unsatisfactory | 2024-05-22 |
| Progress towards achievement of PDO | Moderately Unsatisfactory | 2024-05-22 |
| Progress towards achievement of PDO | Moderately Satisfactory | 2024-05-22 |
| Overall | Moderable | 2024-05-22 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Commissioning of the Pilot National Crediting Program (NCP) Value No Yes Date May 31, 2023 December 31, 2028 Comment Commissioning of the Pilot Emissions Trading Scheme (ETS) Value No Yes Date May 31, 2023 December 31, 2028 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Issuance of the MRV guidelines/rules for the cement, steel and non-coal thermal power Value No Yes Date May 31, 2023 December 31, 2027 Comment Operationalization of a carbon trading exchange platform Value No Yes Date May 31, 2023 December 31, 2027 Comment Operationalization of ETS allowance trading platform Value No Yes Date May 31, 2023 December 31, 2027 Comment Establishment of the NCP Pilot Support Facility Value No Yes Date May 31, 2023 December 31, 2027 Comment Issuance on the regulation(s) on the scope, cap-setting, quota allocation and administration for the ETS Value No Yes Date May 31, 2023 December 31, 2027 Comment Development of a just transition framework to map vulnerable groups, types of adverse impacts and response options Value No Yes Date May 31, 2023 December 31, 2027 Comment Operationalization of the national registry Value No Yes Date May 31, 2023 December 31, 2028 Comment