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 develop/Upgrade MRV Systems for Selected Industrial Sectors.