Decision 63/58

Following the report of a contact group, the Executive Committee decided:

1. To approve, in principle, stage I of the HCFC phase-out management plan (HPMP) for Viet Nam for the period 2011 to 2015, at the amount of US $9,763,820, plus agency support costs of US $732,287 for the World Bank;
2. To note that the Government of Viet Nam had agreed to establish an estimated baseline of 221.2 ODP tonnes as its starting point for sustained aggregate reduction in HCFC consumption, calculated using actual consumption of 207.5 ODP tonnes reported for 2009 and consumption of 234.9 ODP tonnes estimated for 2010, plus the average consumption of pre-blended polyol in the years 2007 to 2009 of 164.6 ODP tonnes, giving a total of 385.8 ODP tonnes;
3. To approve the draft Agreement* between the Government of Viet Nam and the Executive Committee for the reduction in consumption of HCFCs, as contained in Annex IX to the present report;
4. To note that the amount of HCFC consumption to be phased out in the Agreement should assist the country to make progress in meeting control measures beyond 2015 accordingly;
5. To deduct 140.10 ODP tonnes of HCFCs from the starting point for sustained aggregate reduction in HCFC consumption;
6. To request the Fund Secretariat, once the baseline data were known, to update Appendix 2-A to the Agreement to include the figures for maximum allowable consumption, and to notify the Executive Committee of the resulting change in the levels of maximum allowable consumption; and
7. To approve the first tranche of stage I of the HPMP for Viet Nam, and the corresponding implementation plan, at the amount of US $3,054,423, plus support costs of US $229,082 for the World Bank.

• This Agreement was revised as per Decision 71/41