12:00 30 Apr 26
Info Report Check
Submission incomplete:
The DOE is requested to provide information on how it has validated the suitability of the benchmark as per VVM v 1.2 paragraph 114 (b).
In particular, the DOE is requested to provide further information on how it has validated the applied benchmark of 16.98%, calculated as the average commercial lending rate over 23 weeks, considering:
a) the short period (23 weeks) considered,
b) that in the validation report of another project activity validated by the same DOE (for example, PA6688), it is stated that "the prime interest rate issued by the State Bank of Vietnam multiplied by 150%" is "the maximum limit for commercial lending rates for all the banks as regulated by the Vietnam Civil Code 2005" in Viet Nam.
The DOE is requested to provide information on how it has validated the suitability of the benchmark as per VVM v 1.2 paragraph 114 (b).
In particular, the DOE is requested to provide further information on how it has validated the applied benchmark of 16.98%, calculated as the average commercial lending rate over 23 weeks, considering:
a) the short period (23 weeks) considered,
b) that in the validation report of another project activity validated by the same DOE (for example, PA6688), it is stated that "the prime interest rate issued by the State Bank of Vietnam multiplied by 150%" is "the maximum limit for commercial lending rates for all the banks as regulated by the Vietnam Civil Code 2005" in Viet Nam.
Offset now: visit the United Nations Carbon Offset Platform
Connect with us: