Viet Nam: Developing the Market Readiness Proposal for a Domestic Carbon Market

Sovereign Project | 46237-001 Status: Closed


Latest Project Documents

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

Project Name Developing the Market Readiness Proposal for a Domestic Carbon Market
Project Number 46237-001
Country Viet Nam
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8341-VIE: Partnership for Market Readiness: Developing the Market Readiness Proposal for a Domestic Carbon Market
Partnership for Market Readiness Fund US$ 315,000.00
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector

Energy - Energy efficiency and conservation

Gender Equity and Mainstreaming
Project Rationale and Linkage to Country/Regional Strategy

Project Outcome

Description of Outcome
Progress Toward Outcome The draft MRP has been submitted to PMR Assembly/Secretariat during the 9th meeting of the PMR Partnership Assembly (PA9) on 25-27 May 2014 in Cologne, Germany. The participants of PA9 were invited to submit written comments on Vietnam's draft MRPs by June 13, 2014. Following its practice, the PMR Secretariat will compile all feedback both summarized feedback from the discussion at PA9 and any submitted written feedback (which will be recorded verbatim). Vietnam are invited to take into account the feedback in finalizing their MRPs. The final MRP should be submitted to the PMR by October 3, 2014, for circulation to Participants three weeks prior to PA10.
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location

Summary of Environmental and Social Aspects

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design The PMR program was conceptualized as a result of the COP-16 at Cancun. There is increased interest in new carbon market mechanisms, particularly in the increased participation of developing countries. However, most developing member countries lack the capacity and the funding to enable them to effectively participate in the emerging markets as well as initiate a domestic carbon market mechanism. GOV has shown its commitment and opted to participate in the PMR program as one of the 15 pilot countries.
During Project Implementation

Business Opportunities

Consulting Services Ten (10) person-months of international and 10 person-months of national consultants will be required to deliver the outputs. Consultant engagement will be done in accordance with ADB's Guidelines on the Use of Consultants by Asian Development Bank and its Borrowers (2013, as amended from time to time) and disbursements under the TA will be done in accordance with ADB's Technical Assistance Disbursement Handbook (May 2010, as amended from time to time)

Responsible Staff

Responsible ADB Officer Rehan Kausar
Responsible ADB Department Southeast Asia Department
Responsible ADB Division Energy Division, SERD
Executing Agencies
Ministry of Planning and Investment
6 B Hoang Dieu street, Ba Dinh district, Hanoi, Viet Nam


Concept Clearance 11 Jul 2012
Fact Finding 14 Aug 2012 to 16 Aug 2012
Approval -
Last Review Mission -
Last PDS Update 09 Sep 2014

TA 8341-VIE

Approval Signing Date Effectivity Date Closing
Original Revised Actual
21 Mar 2013 12 Sep 2013 12 Sep 2013 30 Jun 2014 31 Dec 2014 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
0.00 315,000.00 0.00 0.00 0.00 0.00 315,000.00 21 Mar 2013 313,473.04

Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

None currently available.

The Public Communications Policy (PCP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

Requests for information may also be directed to the InfoUnit.