Vietnam Scaling Up Energy Efficiency Project

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The development objective of Vietnam Scaling Up Energy Efficiency Project is to improve energy efficiency in Vietnam's industrial sector. This project has two components. 1) The first component, Risk Sharing Facility (RSF), supports the establishment of the RSF, which will provide partial credit guarantees (RSF Guarantees) to participating financial institutions (PFIs) to cover potential defaults on loans (PFI Loans) provided by PFIs to industrial enterprises (IEs) and energy service companies (ESCOs) to finance eligible energy efficiency sub-projects (Sub-Projects). This component consists of two sub-parts. 2) The second component, Technical Assistance, will leverage the results of CPEE project on developing energy efficiency policies and industry voluntary agreements.