Log in
Business

Vietnam gets aid to reduce greenhouse gas emissions

Vietnam has received a USD30-million grant from the Norwegian government to implement a system to reduce greenhouse gas emissions due to deforestation and forest degradation.


 

With assistance from the Norwegian government, Vietnam is the first country in the world that has developed UN-REDD Phases II

The Vietnamese Ministry of Agriculture and Rural Development (MARD), in coordination with the Norwegian government and UN agencies, held a seminar in Hanoi this morning, October 11, to kick off the UN-REDD Vietnam phase II.

The United Nations Programme on Reducing Emissions from Deforestation and Forest Degradation (or UN-REDD Programme) is a collaborative initiative in developing countries, created in response to the UNFCCC decision on REDD at COP 13 and the Bali Action Plan.

Vietnamese Minister of Agriculture and Rural Development, Cao Duc Phat, approved UN-REDD Vietnam phase II in July of this year with a total investment of USD30 million coming from the non-refundable aid of the Norwegian government for the 2013-2015 period.

Speaking at the launch event, Phat said, “REDD+ is among many important efforts to reduce greenhouse gas emissions so as to realise the target of lowering these emissions in the agricultural sector by 20% by 2020, as well as to foster green growth.”

The programme is aimed at enhancing the capacity of Vietnamese central and local governments, as well as communities which have forests, so local residents can benefit from incentive monitoring funding in the next phase.

The programme would be piloted in the six provinces of Bac Kan, Lao Cai, Ha Tinh, Binh Thuan, Lam Dong and Ca Mau, based on the progress and results of phase I which lasted from 2009 to 2013.

Pratibha Mehta, UN Resident Coordinator in Vietnam, told DTiNews, on the sidelines of the meeting, that in order to successfully implement such a large-scale project for only two years it requires several elements, including effective governance, the participation of communities, coordination between MARD and other ministries and branches.

“Vietnam is in a good position to trade carbon with developed countries like Norway, however, Vietnam has to establish the institutional framework first and create mechanisms on the issue,” she added.

Reactions:
Share:
Trending
Most Viewed
Vietnam OCOP Festival 2025 honors products as program marks nationwide development milestones

Vietnam OCOP Festival 2025 honors products as program marks nationwide development milestones

The festival aims to promote and honor outstanding OCOP products and producers and to reaffirm Hanoi’s leading role as the country’s “pacesetter” in the One Commune One Product (OCOP) program.

Vietnam posts five-year high FDI disbursement as investor confidence strengthens nationwide 2025

Vietnam posts five-year high FDI disbursement as investor confidence strengthens nationwide 2025

Despite global economic and geopolitical headwinds, foreign capital flows into Vietnam accelerated in 2025, with investment increasingly concentrated in high value-added sectors, highlighting the country’s growing appeal as a stable, long-term destination for investors.

VN-Index set for 2,200-mark next year: JP Morgan

VN-Index set for 2,200-mark next year: JP Morgan

Vietnam’s appeal goes beyond the upgrade, driven by major economic reforms that are lifting business and consumer confidence, as well as improving profit prospects over the next three to five years.

Vietnam to launch smart agriculture innovation center in Lang Son

Vietnam to launch smart agriculture innovation center in Lang Son

The center is expected to bridge gaps in technology testing, connect farmers with researchers and markets and accelerate sustainable, high-tech agricultural development nationwide.

Hanoi urged to train 100,000 digital engineers through online academy

Hanoi urged to train 100,000 digital engineers through online academy

The Capital Strategic Technology Development Forum gathered a wide range of proposals from businesses, experts and investors on how Hanoi should shape its deep-tech development agenda in the coming decades with a long-term vision to 2045.

Inclusive innovation must give everyone equal voice, experts say at TECHFEST Vietnam 2025

Inclusive innovation must give everyone equal voice, experts say at TECHFEST Vietnam 2025

Open innovation is becoming a cornerstone of Vietnam’s development strategy, as policymakers, experts and international partners emphasize people-centered collaboration to tackle inequality, climate change and urbanization through inclusive, technology-driven solutions showcased at TECHFEST Vietnam 2025.

Vietnam attracts $400 million in venture capital as tech startups surge

Vietnam attracts $400 million in venture capital as tech startups surge

Vietnam’s startup ecosystem continues to expand rapidly, with strong venture capital inflows and fast growth in digital, AI and green technologies, reinforcing the country’s appeal to global investors.

Vietnamese policymakers push for early launch of gold exchange

Vietnamese policymakers push for early launch of gold exchange

A transparent gold exchange would not only offer a safe investment channel for the public but also provide a foundation for Vietnam to become a regional hub for jewelry manufacturing and exports.