In order to register for the GCTF, the company and the project proposal will meet the following criteria:
(1) Company size: Total Charter Capital: Max 5 million dollars, number of employees: Max 1000
Small and Medium Enterprises
Exceptions: Large companies, which are a recognized leader in its field, and a large number of similar but smaller companies exist in the same sector.
(2) Ownership: at least 51% domestic capital, independent with international companies and not form part of multi-national corporation
(3) Status of enterprise: existing enterprises
(4) Sector: all industrial companies; – Services and commerce: restaurants, hotels, shopping malls, entertainment centers; office building; laundry/ dying stores
(5) The objective of the project: Process change, not the product is changed. The environmental impact has to be produced inside-of and by the company.
(6) Status investment: new investments
(7) Status equipment: best applicable, environmentally sound technology (first or second hand)
(8) Investment type: – Replacement: Benchmark ex-ante emission; New production line: Benchmark similar new technology
(9) Credit size: from 10,000 USD to 1 million USD. The bank can approve the higher amount of credit, but GCTF will guarantee and reimburse for the credit of maximum 1 million dollars
(10) Legal compliance: GCTF do not approve the investment which is used directly for environmental legal requirements
(11) Environmental impact: improve at least 30% of ONE core environmental indicator as following:
| Global environmental indicators |
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| Local environmental indicators |
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(12) Sustainable Enterprise: Compliance with national regulations: basic CSR, overall environmental criteria
(13) Diversification: the credit is max 3 million dollars over all companies using similar technology, not only sector, good investment allocation and more effective impact
(14) Repeated client request: total reimbursement is not more than 200,000 USD and the guarantee is not more than 500,000 USD
(15) GHG reductions: maximum GHG emission reduction is not more than 6,000 tonnes CO2 eq/year (otherwise refer to the CDM)
(16) Profitability of investment: Eco-efficient investment with payback 4-7 years excluding reimbursement. Exceptions: End-of-pipe in combination with eco-efficient technology is OK
Besides, the company has to meet the loan requirements from the bank and the investment proposal will be assessed and approved by VNCPC in terms of technical indicators.
