Get the CIFOR publications update

CIFOR publishes over 400 publications every year on forests and climate change, landscape restoration, rights, forest policy, agroforestry and much more in multiple languages.

The potential of REDD+ to finance forestry sector in Vietnam

The potential of REDD+ to finance forestry sector in Vietnam

Key messages

  • Despite the great potential REDD+ shows for generating and contributing finance to support forestry in Vietnam, a reduction in both funds and funder commitment to REDD+, challenges in meeting funder requirements, and the significant finance required to implement the national REDD+ program in Vietnam, all imply that in reality REDD+’s contribution as a major financial source for the forestry sector is limited.
  • Although the government has identified various public and private funding sources to cover the different phases of REDD+, the international public sector remains the primary funding source; limited contributions come from the private sector and state.
  • To date the spending of REDD+ finance has been uncoordinated and fragmented, due to a lack of clarity on what Vietnam’s REDD+ priorities are.
  • Effective and efficient implementation of REDD+ activities in Vietnam is being impeded by: limited and inaccurate data regarding REDD+ finance in Vietnam; an unclear definition of what REDD+ finance is; the absence of a national REDD+ financial tracking system; and limited technical capacity (within both government and civil society organizations) when it comes to monitoring REDD+ finance.
  • To increase the potential for REDD+ to financially contribute to forestry in Vietnam, the following is required: better coordination across sectors and amongst donors and government agencies; enhanced capacity building on the tracking and management of REDD+ finance; development and effective implementation of REDD+ policies and measures, so that the government can access result-based payments from different international funding sources.

Authors: Pham, T.T.; Bui Thi, M.N.; Pham, H.L.; Nguyen, V.D.

Topic: climate change, finance, forest management, policy

Geographic: Vietnam

Series: CIFOR Infobrief no. 226

Pages: 6p

Publisher: Center for International Forestry Research (CIFOR), Bogor, Indonesia

Publication Year: 2018

DOI: 10.17528/cifor/006970


Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Altmetric score:


Export Citation

Related viewing

Top

CIFOR website usability survey

We're conducting research on our website and we'd love to hear from you about your experience on cifor.org. This will help us make improvements and prioritize new features. The survey should only take 5 minutes, and your responses are completely anonymous.

If you have any questions about the survey, please email us: cifor@cgiar.org

We really appreciate your input!

Start survey
I don’t want to participate
Remind me later