Overview
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.
Result areas
Countries
Regions
Project timeline
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Pipeline
1,515 days
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Concept note received
-
Funding proposal received
-
Cleared by GCF Secretariat
-
Cleared by iTAP
-
-
Approved
491 days
-
Approved by GCF Board
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Legal opinion on AE's Internal Approval
-
FAA executed
-
-
Under implementation
110 days so far
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FAA effective
-
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To be completed
2,082 days to go
Not started
Other Data
- Size
- Medium
- Project number
- FP250
- Risk category
- Category B
- Subtype
- Public sector
- Theme
- Mitigation
- Status
- Under implementation
- Duration
- 6
-
Total project value $ 96.1 million
-
Tonnes of CO2 equivalent avoided 6.7 million
Financing
GCF-financing
0.0%
USD
Co-financing
0.0%
USD
USD 96.1
million
Show details
GCF-financing
32% disbursed
- Grant USD 35,000,000
- Total GCF-financing USD 35,000,000
Co-financing
- Loan USD 32,433,999.83
- Inkind USD 28,642,000
- Total co-financing USD 61,075,999.83
Documents
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Achieving emission reduction in the Central Highlands and South Central Coast of Viet Nam to support National REDD+ Action Programme goals (RECAF)
- Approved funding proposal
- 26 Nov 2024
- IFAD
- FP250
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Gender action plan for FP250: Achieving emission reduction in the Central Highlands and South Central Coast of Viet Nam to support National REDD+ Action Programme goals (RECAF).
- Gender action plan
- 24 Oct 2024
- IFAD
- FP250
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Gender assessment for FP250: Achieving emission reduction in the Central Highlands and South Central Coast of Viet Nam to support National REDD+ Action Programme goals (RECAF)
- Gender assessment
- 24 Oct 2024
- IFAD
- FP250
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Environmental and social safeguards (ESS) report for FP251: Barbados Climate Resilient South Coast Water Reclamation Project (SCWRP)
- Environmental and Social Safeguards report
- 19 Sep 2024
- IDB
- FP250
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Environmental and social safeguards (ESS) report for FP250: Achieving emission reduction in the Central Highlands and South-Central Coast of Viet Nam to support National REDD+ Action Programme goals
- Environmental and Social Safeguards report
- 19 Sep 2024
- IFAD
- FP250
Project contacts
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Project contacts
Entity info
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Mr. Juan Mendoza
Primary
Director, Environment, Climate, Gender and Social Inclusion Division
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Mr. Pierre-Yves Guedez
Secondary
Lead Climate and Environmental Funds
GCF team
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Press enquiries and interviews
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GCF Communications
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Request for information
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GCF Information Disclosure
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Project complaints and grievances
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GCF Independent Redress Mechanism (IRM)
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Integrity issues
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GCF Independent Integrity Unity (IIU)
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National Designated Authority
Ministry of Finance (Viet Nam)
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Dr. Quoc Phuong Nguyen
Primary
Director General of Department of Debt Management and Foreign Economic Relations (Ministry of Finance)
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Ms. Lưu Hoa Đỗ
Operational Focal Point
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Ms. Thuy Kieu Trang Hoang
Operational Focal Point