Improving the resilience of vulnerable coastal communities to climate change related impacts in Viet Nam

  • Cross-cutting
  • Completed
Date approved
30 Jun 2016
Completion date
11 Jul 2024
ESS Category
Category B
Financing
Public sector
Entity
United Nations Development Programme

Overview

Strengthening storm and flood protection for coastal communities in Viet Nam through resilient housing, planting and rehabilitation of mangrove forests, and systematized climate risk assessments for the public and private sectors.

Impoverished coastal communities in Viet Nam are impacted by frequent flooding and storms, with 60,000 houses damaged or destroyed each year causing huge economic impacts. The rural poor are at especially high risk given their reliance on natural resources for their livelihoods, particularly in agriculture and fisheries.

More resilient housing will be created through incorporating storm and flood resilient design features in new houses to benefit up to 20,000 people who are exposed to high risk from adverse weather events. In order to create storm surge buffers, 4,000 hectares of mangroves will be planted and rehabilitated, which will also create sustainable ecosystem resources to support coastal livelihoods. The project will also develop systematized climate and economic risk assessments for private and public sector application in all 28 coastal provinces of Viet Nam.

The project has an estimated lifespan of 5 years.

Result areas

Countries

Regions

Project timeline

  • Pipeline

    373 days

    • Concept note received

    • Funding proposal received

  • Approved

    377 days

    • Approved by GCF Board

    • Cleared by iTAP

    • Legal opinion on AE's Internal Approval

    • FAA executed

  • Under implementation

    2,558 days

    • FAA effective

  • Completed

  • Total project value $ 40.5 million

  • Tonnes of CO2 equivalent avoided 1.9 million

  • Total number of beneficiaries 30 million

Financing

GCF-financing

0.0%

USD

Co-financing

0.0%

USD

USD 40.5 million

Show details

GCF-financing

100% disbursed

  • Grant USD 29,523,000
  • Total GCF-financing USD 29,523,000

Co-financing

  • Grant USD 9,406,625
  • Grant USD 1,600,000
  • Total co-financing USD 11,006,625

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Documents

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