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.
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TI - The potential of REDD+ to finance forestry sector in Vietnam
AU - Pham, T.T.
AU - Bui Thi, M.N.
AU - Pham, H.L.
AU - Nguyen, V.D.
AB - Key messagesDespite 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.
PY - 2018
PB - Center for International Forestry Research (CIFOR)
PP - Bogor, Indonesia
UR - https://www.cifor-icraf.org/knowledge/publication/6970/
DO - https://doi.org/10.17528/cifor/006970
KW - climate change, finance, forest management, policy
ER -Endnote (.ciw)
%T The potential of REDD+ to finance forestry sector in Vietnam
%A Pham, T.T.
%A Bui Thi, M.N.
%A Pham, H.L.
%A Nguyen, V.D.
%D 2018
%I Center for International Forestry Research (CIFOR)
%C Bogor, Indonesia
%U https://www.cifor-icraf.org/knowledge/publication/6970/
%R https://doi.org/10.17528/cifor/006970
%X Key messagesDespite 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.
%K climate change
%K finance
%K forest management
%K policy
Publisher
Center for International Forestry Research (CIFOR): Bogor, Indonesia
Publication year
2018
Authors
Pham, T.T.; Bui Thi, M.N.; Pham, H.L.; Nguyen, V.D.
Language
English
Keywords
climate change, finance, forest management, policy
Geographic
Viet Nam
