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VCSEnergy demandViet Nam Registry: RegisteredAMS-II.I

Grouped projects for water purifiers for climate and community action

VCS-2557 ↗

#24of 25 in Vietnam#605of 629 in Verra (VCS)#15of 23 in AMS-II.I

3.2/ 10
Integrity
3.5
Transparency
3.5
Claim Safety
2.5
Documentation
3.0

Audit Analysis

This grouped water-purifier project in Vietnam carries an extraordinary volume of material findings (over 40), 12 cross-document contradictions, and a roughly 90-fold discrepancy between the PDD ex-ante estimate and the verified monitoring-period ERR, raising serious over-crediting concerns. Safeguards documentation is effectively absent in the most recent verification report (no FPIC, no grievance mechanism, no benefit-sharing description), and the project description was found to incorrectly reference stoves rather than water purifiers. While additionality was VVB-confirmed and a 5% leakage deduction was applied, the overall evidentiary base is weak and internally inconsistent.

Red Flags

  • The PDD ex-ante estimate of 59,152 tCO2e over the full 10-year crediting period implies a pro-rata expectation of roughly 2,958 tCO2e for the 6-month monitoring period, yet the monitoring report (2025-03-18) claims 266,631 tCO2e — a ratio of approximately 90×, which is not explained in any available document.
  • Over 40 material findings were raised during verification, including a missing leakage calculation, an incorrect project description referencing stoves instead of water purifiers, missing VVB assessments for grievance redress and natural capital monitoring, and inconsistencies in monitoring parameters and formulas.
  • The most recent verification report (2025-04-01) records FPIC as not conducted, no grievance mechanism, no benefit-sharing description, and safeguards not mentioned — a critical gap for a project explicitly framed as 'community action.'
  • Twelve contradictions across documents span key parameters including FNRB value (0.6522 vs 0.9403), additionality test type (investment vs barrier), usage monitoring method (self-report vs annual survey), and leakage justification (quantified vs not addressed), undermining data reliability.
  • The extraction notes indicate that some structured facts were populated with placeholder or estimated values from a KML route file, and the minimum extraction confidence is only 'medium,' reducing confidence in the accuracy of the extracted record.

Credit Vintages

IssuedRetiredAvailable
2021
95,31814,25781,061
2022
43,0605,15937,901
2023
560,2480560,248
2024
274,1740274,174
Total972,80019,416953,384

Risk Indicators

Additionality

VVB-confirmed but test type contradicted across documents

Permanence

Non-AFOUL (no reversal risk) but no buffer pool stated

Leakage

5% deduction stated but material finding flags missing calcu

Baseline

Project-specific baseline, no reassessment date recorded

Safeguards

No FPIC, no grievance mechanism, no benefit sharing in lates

Double-claim

Not CORSIA-eligible; CCP status not stated

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Analysis ProvenanceScored2026-08-26AMS-III.AV

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