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.

Recipients

Financing flows and institutions receiving funds committed for REDD+ activities in Vietnam:

Commitments to recipients by location and type

 

Commitments by institution type and year

 
   
  • Commitments to recipients by location and type

    Chart Description

    The initial institutions or “first recipients” receiving funding for REDD+ activities in Vietnam are predominantly international, with donor governments and international NGOs, as well as multilateral implementing agents receiving 78.5% of the overall funding between 2009 and 2014. Approximately 50% of overall committed funds were passed on to second recipients, 57% of which Vietnamese entities.

  • Commitments by institution type and year

    Chart Description

    An annual breakdown of funding committed to first recipients reveals that multilateral implementing agents and international NGOs have generally been the largest recipients of annual REDD+ commitments throughout the data collection period (2009-2014). In 2012, 56% of commitments were scheduled to be received by multilateral implementing agents, while 33% of commitments were allocated to international NGOs. Since that time, recipients have received relatively less funding.