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Green Investment Climate Country Profile – Vietnam

Green Investment Climate Country Profile – Vietnam

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In July 2012, the Green Infrastructure Finance Framework Report was published to address the constraints in financing green infrastructure and to develop a new PPP-based approach to accelerate investments in low emission technologies. The approach calls for assessing the “Green Investment Climate” of a given country in order to develop country-specific recommendations for policy and incentive programs as well as other measures which can be introduced in order to further promote green growth in an economy.

This report includes one of the first Green Investment Country Profiles completed for the East Asia and Pacific Region as part of bringing the approach closer to operational status. The initial countries include China, Philippines, Vietnam, Malaysia, Indonesia, Singapore and South Korea. The assessment involves not only the green policy and incentives environment, but also the country’s overall natural resource endowment of fossil and renewable energy, its industrial development strategy in addition to general business indicators and other considerations, such as electricity prices, the capacity of the financial sector to mobilize long-term domestic financing, as well as their overall regulatory and legal capacity to implement PPPs. The country profiles provide a general understanding of the attractiveness, prevailing trends, strengths, and other aspects affecting the ability of the country to leverage its green growth potential.

In July 2012, the Green Infrastructure Finance Framework Report was published to address the constraints in financing green infrastructure and to develop a new PPP-based approach to accelerate investments in low emission technologies. The approach calls for assessing the “Green Investment Climate” of a given country in order to develop country-specific recommendations for policy and incentive programs as well as other measures which can be introduced in order to further promote green growth in an economy.

This report includes one of the first Green Investment Country Profiles completed for the East Asia and Pacific Region as part of bringing the approach closer to operational status. The initial countries include China, Philippines, Vietnam, Malaysia, Indonesia, Singapore and South Korea. The assessment involves not only the green policy and incentives environment, but also the country’s overall natural resource endowment of fossil and renewable energy, its industrial development strategy in addition to general business indicators and other considerations, such as electricity prices, the capacity of the financial sector to mobilize long-term domestic financing, as well as their overall regulatory and legal capacity to implement PPPs. The country profiles provide a general understanding of the attractiveness, prevailing trends, strengths, and other aspects affecting the ability of the country to leverage its green growth potential.

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Publish date: Apr 11, 2014
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08/06/2014

 
East Asia and Pacific Region
Green Infrastructure Finance
Green Investment Climate Country Profile Vietnam
 
Copyright
©2013 International Bank for Reconstruction and Development/The World BankEast Asia and Pacific Region/Water and Energy Management Unit (EASWE)1818 H Street NWWashington DC 20433Telephone: 202-473-1000Internet: www.worldbank.org
All rights reserved
This volume is a joint publication of the staff of the International Bank for Reconstruction and Development/ The World Bank and the Australian Agency for International Development (AusAID). The findings, interpre-tations, and conclusions expressed in this volume do not necessarily reflect the views of The World Bank, its Board of Executive Directors, the governments they represent, or AusAID.The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries.Moreover, the statistical database and other country-related information is time sensitive and subject to updates and/or changes.
Rights and Permissions
The material in this work is subject to copyright. Because The World Bank encourages dissemination of its knowledge, this work may be reproduced, in whole or in part, for noncommercial purposes as long as full attribution to the work is given.For permission to reproduce any part of this work for commercial purposes, please send a request with com-plete information to the Copyright Clearance Center Inc., 222 Rosewood Drive, Danvers, MA 01923, USA; Telephone: 978-750-8400; Fax: 978-750-4470; Internet: www.copyright.com.All other queries on rights and licenses, including subsidiary rights, should be addressed to the Task Team Leader, Aldo Baietti: The World Bank, 1818 H Street NW, Washington, DC 20433, USA; e-mail: abaietti@world-bank.org.
Design: Miki Fernández, ULTRA Designs, Inc., miki@ultradesigns.com
 
Table of Contents
Acknowledgements ...............................................................................................................................................iiiList of Abbreviations and Acronyms ......................................................................................................................iv1. Statistical Overview ..........................................................................................................................................22. Energy ...............................................................................................................................................................43. Green Policies and Incentives ...........................................................................................................................64. Green Programs and Institutions .....................................................................................................................95. Green Regulatory Framework .......................................................................................................................116. Investment Trends and Challenges ................................................................................................................127. Concluding Remarks .......................................................................................................................................168. Summary of Policy Instruments .....................................................................................................................189. Annex ..............................................................................................................................................................1910. References .......................................................................................................................................................36List of Tables and Figures:Table 1: Electricity Generation Sources (% of total) .........................................................................................4Table 2: RE On-grid Capacity Targets (MW) ......................................................................................................6Table 3: RE Off-grid Capacity Targets ................................................................................................................6Table 4: Regional Wind FiTs ...............................................................................................................................7Table 5: Averaged Tariff Rates (US$) .................................................................................................................7Table 6: Avoided Cost Tariff ...............................................................................................................................8Table 7: NEEP Component, DPO Policy Actions and Expected Results ............................................................9Table 8: S&P’s Credit Rating .............................................................................................................................12Table 9: FDI (net BoP, current US$) ..................................................................................................................12Table 10: Investments in PPI - 2002 to 2010 (current US$ millions) .................................................................13Table 11: Financial Mechanisms and Policies for the Clean Development Mechanism ..................................15Figure 1: Total Primary Energy Supply ................................................................................................................4Figure 2: Energy Efficiency Labeling ...................................................................................................................8Figure 3: Global Competitiveness Index ............................................................................................................13Figure 4: Corruption Perceptions Index 2011 ...................................................................................................13Figure 5: Private Investment in New or Additional RE Capacity (US$ million) ...............................................14Figure 6: Breakdown of RE Investments (US$ million) .....................................................................................14

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