Map of Vietnam Vietnam

Total REDD+ Finance Committed:

$84,311,812

Total REDD+ Finance Disbursed:

$50,712,057

Since the 1990s, Vietnam has seen a reforestation trend leading to increases in plantation forest. Considerable efforts, such as the Five Million Hectares Reforestation Program, have been made to increase overall forest cover, but serious deforestation and extensive degradation remain. Therefore, the country is currently working to lower regional deforestation rates through a number of multilateral agreements and national policies that support REDD+ activities.

In November 2010, Vietnam presented its REDD Readiness Preparation Proposal (R-PP) to the World Bank’s Forest Carbon Partnership Facility (FCPF) to obtain support through the FCPF’s Readiness Fund. A National REDD+ Steering Committee was established in January 2011, and in June 2012 the Prime Minister of Vietnam approved the National REDD+ Action program. Later in 2012, the country began the UN-REDD Programme’s implementation phase, which aims to reduce emissions in six Vietnamese provinces.

Overview: REDD+ finance flowing to Vietnam

Vietnam's REDD+ financing landscape is set out below:

Flows of REDD+ finance between donors and first recipients, 2009-2014

 

Cumulative commitments and disbursements, 2009-2014