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Vietnam: Renewable Energy Development Program
(Carbon Partnership Facility)

UNFCCC Reference No.: Program of Activity

The Seller Participant is the Ministry of Industry and Trade of Vietnam (MoIT). The World Bank has provided an IDA credit to Vietnam to streamline the regulatory process for approving small scale power projects; the loan will provide long term financing to small scale hydropower developers through financial intermediaries. With domestic banks providing about 80% of project costs, carbon finance is an integral part of the financial incentives for project developers. The MoIT, as C/ME for the program, approves individual investments under the Bank loan and works closely with the participating domestic banks to facilitate participation of project developers in the PoA in conjunction with project financing.

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