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
Main donors, levels of funding committed and disbursed to Vietnam between 2009 and 2012:
The chart shows the relative levels of funding donors have committed as well as the proportion disbursed through the end of 2012. The percentage of committed funding disbursed by donors varies from 1.7% to 99.5%. While several donors have disbursement percentages greater than 70%, the two largest donors have disbursed less than 12% of their commitments, and the average disbursement percentage for all donors is 47%.
This chart maps the geographic distribution of the main donors to Vietnam and cumulative support by geographic location of donor headquarters. In Vietnam the largest amounts of funding are coming from multilaterals and other internationally-focused donors, shown in the international circle (in purple), as well as the USA (USAID).