ROEI - C2.2.14: C2.2.14: Finalize VNEEF (Vietnam National Energy Efficiecny Fund) model
REQUEST FOR EXPRESSIONS OF INTEREST
(CONSULTING SERVICES – FIRMS SELECTION)
C2.2.14: Finalize VNEEF (Vietnam National Energy Efficiecny Fund) model
The Socialist Republic of Vietnam has received a grant from the Green Climate Fund (GCF) through the World Bank (WB) for the Vietnam Scaling Up Energy Efficiency Project (VSUEE Project). The project will provide TA to support the implementation of VNEEP’s targets and the Paris Agreement on climate change mitigation measures in the industrial and energy sector. In addition, capacity building activities will address the knowledge, institutional, and capacity-building needs of the relevant stakeholders in the management and development of a national mechanism and policies on EE. Those efforts will be accompanied by the establishment of a risk-sharing facility, backed by a GCF Guarantee instrument, which aims to address current regulatory barriers to access commercial capital, mobilize local bank financing, and encourage stakeholders such as industrial enterprises and commercial banks to implement projects and develop an EE investment market. The project consists of two components: (i) GCF Risk Sharing Facility; (ii) Technical Assistance. Phase 1 of the Project was implemented from February 2022 through January 2026. In order to allow sufficient time to complete the Project’s objectives and activities, the Component 2 – Technical Assistance has been extended until the end of January 2027. Component 1 – Risk Sharing Facility was completed on schedule, coinciding with the project’s end date of January 31, 2026. The VSUEE Project Management Board (PMB) intends to use part of its grant to recruit a qualified consultant firm to finalize VNEEF (Vietnam National Energy Efficiecny Fund) model.
The consulting services (“the Services”) include the Tasks of:
- Review of VNEEF Legislative Framework and World Bank-Supported Financing Models;
- Development of Governance and Operational Framework;
- Development of Financial Mechanisms and Instruments;
- Design of Project and Financial Management System
- Development of Procedures for Receipt and Implementation of World Bank-Supported Financing under VNEEF
- Preparation of VNEEF Operations Manual for WB-supported activities
- VNEEF Website and Online Portal; and
- Capacity Building and Implementation Support.
The detailed Terms of Reference (TOR) for the assignment can be obtained by submitting a request to the email addresses indicated at the end of the REOI.
The VSUEE Project Management Board now invites eligible consulting firms (“Consultants”) to indicate their interest in providing the Services. Interested Consultants should provide information demonstrating that they have the required qualifications and relevant experience to perform the Services and attachment the business license of firm. The shortlisting criteria are:
- General experience: The Consultant firm must provide information on relevant technical capacity and experience of the firm (or member firms in the case of a Joint Venture); core businesses and years of business; policies, procedures or standard practices adopted to promote quality; organization and management of consultant teams. The Consultant must have at least 5 years’ experience in providing energy, climate, sustainability, or industrial consulting services, with priority given to firms with a proven track record in financing energy efficiency (EE) projects
- Similar Experience: The consultant must provide information regarding the firm's capacity and experience in: (i) energy efficiency (EE) measures, financing mechanisms, and instruments; (ii) development and standardization of project formulation, or financing proposal frameworks; (iii) investment processes, financing appraisal criteria, and operational procedures of commercial banks and financial institutions, particularly regarding energy projects; (iv) experience in working with projects funded by international financial institutions and; (v) conducting technical training programs. Significant advantage will be given to consultants whose contracts clearly state scopes of work and level of complexity similar to those of this assignment.
- Geography experience: The consultant shall provide information about relevant experience in: (i) understanding of Vietnam’s legal and regulatory frameworks in energy efficiency, public/private investment procedures and national climate commitments; (ii) experience working with Vietnam and/ or other South East Asia countries on EE or sustainable energy projects and experience working with the Ministry of Industry and Trade (MOIT) or managing similar government-led fund initiatives.
Key Experts will not be evaluated at the shortlisting stage.
The attention of interested Consultants is drawn to Section III, paragraphs, 3.14, 3.16, and 3.17 of the World Bank’s “Procurement Regulations for IPF Borrowers” July 2016, revised November 2017 (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest.
Consultants may associate with other firms to enhance their qualifications, but should indicate clearly whether the association is in the form of a joint venture and/or a sub-consultancy. In the case of a joint venture, all the partners in the joint venture shall be jointly and severally liable for the entire contract, if selected.
Selection of consultant firm will be carried out by the Consultant’s Qualification Based Selection) (CQS) under World Bank Procurement Regulations for IPF Borrowers: Procurement in Investment Project Financing – Goods, Works, Non-Consulting and Consulting Services, July 2016. The contract will be a lump sum contract.
Further information can be obtained from VSUEE Project Management Board via email:
[email protected] during the hours from 09:00 a.m. to 17:00 p.m. in working days.
Expressions of Interest must be delivered in a written form, and EOI shall be submitted in English to the address below in person (or by Post, or Email) by 16:00 on June 30, 2026.
Project Management Board of Vietnam Scaling up Energy Efficiency Project
Room 510, Building A, Ministry of Industry and Trade, 54 Hai Ba Trung str., Cua Nam Ward, Hanoi, Vietnam