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.

Total project value

 

Tonnes of emissions avoided

 

Theme

Mitigation

Result areas

Project timeline

Pipeline

01 Sep 2020 - 1515 days

Concept note received

01 Sep 2020

Funding proposal received

15 Nov 2022

Cleared by GCF Secretariat

02 Aug 2024

Cleared by iTAP

01 Oct 2024

Approved

24 Oct 2024 - 33 days so far

Approved by GCF Board

24 Oct 2024

Under implementation

To be completed

One region

  • Asia-Pacific

One country

USD  
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing

InstrumentAmount
GrantUSD 35,000,000
Total GCF Financing
USD 35,000,000

Co-financing

Co-financerInstrumentAmount
Co-FinancingLoanUSD 32,433,999
Co-FinancingIn-kindUSD 28,642,000
Total Co-Financing
USD 61,075,999

GCF Contacts

General media inquiries

GCF Communications
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GCF Information Disclosure
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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)
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Entity

International Fund for Agricultural Development
Dr. Jyotsna Puri
Primary

Associate Vice-President, Strategy and Knowledge Department (SKD)
Via Paolo di Dono, 44, Rome, Italy
Phone +39 06 5459 2109
j.puri@ifad.org
Mr. Pierre-Yves Guedez
Secondary

Senior Climate Finance Specialist, Environment, Climate, Gender and Social Inclusion Division (ECG)
Via Paolo di Dono, 44, Rome, Italy
More contacts

National Designated Authority

Viet Nam
Ministry of Planning and Investment
Dr. Le Viet Anh Primary
Director General, Department of Science, Education, Natural Resources and Environment
6B Hoang Dieu Street, Ba Dinh District, Ha Noi, Viet Nam
Phone +84 804432
levietanh@mpi.gov.vn
Ms. Nguyen Thi Hoang Yen Secondary
Deputy Director General
Phone +84 080 44645
hoangyenkhcn@gmail.com
Mr. Doan Phuong Duy Operational focal point
Official - Dept. of Science, Education, Natural Resources and Environment
Phone +84 080 44645
duydp@mpi.gov.vn