Where the impacts of the investment may be experienced.
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower or Client: Government of Vietnam
The holder of the loan, grant, or other investment.
The service or industry focus of the investment. A project can have several sectors.
Project Cost (USD): $ 14.64 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
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Vietnam HCFC Phaseout Project Stage II
The project development objective is to reduce HCFC consumption in order to contribute to Vietnam’s efforts to meet its 2020 HCFC consumption phase-out obligations under the Montreal Protocol, as well as to reduce emissions of greenhouse gases in the manufacturing and use of refrigeration and air-conditioning equipments.
The PDO indicators are (1) national HCFC consumption limited to a level not exceeding 199.08 ODP tons annually in 2016 through 2019, and 143.78 ODP tons from 2020 through 2024; and (2) CO2 emission reduced from the use of lower GWP alternatives and improved EE in refrigeration and AC equipment. Total phase-out amounts expected at the enterprise level will be captured by intermediate results indicators as will key sector-based policies and regulations.
The main project beneficiaries will be selected refrigeration, AC and foam manufacturers. Service shops and end-users of refrigeration and AC equipment will be indirect beneficiaries of
training and technical assistance. Other project stakeholders will include government agencies including, among others, MONRE, MOIT, MARD and Customs, and, the public who will benefit from more energy efficient, environmentally-friendly residential AC.
Contact: Qing Wang
Title: Senior Environmental Specialis
Name: State Bank of Vietnam
Contact: Mme. Doan Hoai Anh
Title: Director General/ICD
Name: Ministry of Environment and Natural resources
Contact: Nguyen Thi My Hoang
Title: National Ozone Coordinator
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