Vietnam Energy Efficiency for Industrial Enterprises(VEEIE)

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The objective of the Energy Efficiency for Industrial Enterprises (VEEIE) for Vietnam is to improve energy efficiency in Vietnam's industrial sector. The project has 2 components. (1) Energy Efficiency Investment Lending component consists of an Energy Efficiency lending program. An Operational Manual (OM) was developed, which outlines selection criteria for subborrowers and subprojects, appraisal procedures, roles and responsibilities of the Participating Financial Institutions (PFIs) and the government, the PFIs’ internal institutional arrangement for project implementation, technical evaluation, environmental and social assessment, procurement, and financial management frameworks that are consistent with the Bank and the Vietnamese government rules and procedures. During project implementation, the PFIs will be responsible for identifying, appraising and financing subprojects that meet the criteria in the OM and will bear all associated risks. (2) Project Implementation Support component will provide technical assistance and capacity building support to Ministry of Industry and Trade on Project monitoring and supervision, including audits of project activities and safeguards implementation.