FP250
Achieving emission reduction in the Central Highlands and South Central Coast of Viet Nam to support National REDD+ Action Programme goals (RECAF)
Achieving emission reduction in the Central Highlands and South Central Coast of Viet Nam to support National REDD+ Action Programme goals (RECAF)
Viet Nam’s rapidly growing economy is placing increasing pressure on its natural resources, including forests. Despite a logging ban in 2016, the nation has faced challenges in balancing forest conservation with farmers' sustainability and economic development in rural areas. Proactive interventions to sustainably enhance forest management and agricultural productivity are necessary to reduce pressure on forests and enable them to continue acting as carbon sinks.
The project aims to set up an enabling environment, and address financial and technical barriers, to unlock the potential of communities and private agroforestry actors in partnership with the public and financial sectors, to invest in forest conservation and the development of deforestation-free value chains for commodities such as coffee and pepper, bamboo or fruits, as well as a variety of specialty products like honey, medicinal plants, mushrooms or silk.
The project will improve 145,000 hectares of land through agroforestry and community forest management and reduce deforestation pressures on 500,000 hectares of threatened natural forests in Central Viet Nam, enabling significant environmental and socio-economic co-benefits, primarily for Indigenous Peoples.
Project timeline
Pipeline
01 Sep 2020 - 1515 days
Concept note received
01 Sep 2020
Funding proposal received
15 Nov 2022
Cleared by iTAP
01 Oct 2024
Approved
24 Oct 2024 - 8 days so far
Approved by GCF Board
24 Oct 2024
Under implementation
To be completed
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing
Instrument | Amount |
---|---|
Grant | USD 35,000,000 |
Total GCF Financing |
---|
USD 35,000,000 |
Co-financing
Co-financer | Instrument | Amount |
---|---|---|
Co-Financing | Loan | USD 32,433,999 |
Co-Financing | In-kind | USD 28,642,000 |
Total Co-Financing |
---|
USD 61,075,999 |
GCF Contacts
General media inquiries
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Project complaints and grievances
GCF Independent Redress Mechanism (IRM)Phone +82 32 458 6186 (KST)
File a complaint
Integrity issues
GCF Independent Integrity Unity (IIU)Phone +82 32 458 6714 (KST)
Send e-mail
Entity
International Fund for Agricultural Development
Associate Vice-President, Strategy and Knowledge Department (SKD)
Via Paolo di Dono, 44, Rome, Italy
Senior Climate Finance Specialist, Environment, Climate, Gender and Social Inclusion Division (ECG)
Via Paolo di Dono, 44, Rome, Italy
More contacts
National Designated Authority
Ministry of Planning and Investment
Director General, Department of Science, Education, Natural Resources and Environment
6B Hoang Dieu Street, Ba Dinh District, Ha Noi, Viet Nam
Deputy Director General
Official - Dept. of Science, Education, Natural Resources and Environment