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 to tighten biometric authentication for new bank cards next year

Vietnam to tighten biometric authentication for new bank cards next year

Bank card issuers must conduct a face-to-face meeting and match the biometric data of individual customers or the legal representative of organizational customers with their identity documents.

Make in Vietnam forum spotlights breakthroughs shaping digital future in the country

Make in Vietnam forum spotlights breakthroughs shaping digital future in the country

Vietnam will host the seventh National Forum on Vietnamese Digital Technology Enterprises on December 25 in Hanoi, highlighting policy directions, strategic technologies and progress under the “Make in Vietnam” initiative as the country pushes toward a stronger digital economy.

Hanoi and Moscow seek new economic momentum as partnership marks 75 years

Hanoi and Moscow seek new economic momentum as partnership marks 75 years

At the Moscow–Hanoi Business Forum, leaders from both capitals said 75 years of Vietnam–Russia ties provide a strong foundation to deepen economic and investment cooperation, especially in technology, trade and urban development.

Vietnam manufacturing maintains strong momentum despite storms disrupting supply chains

Vietnam manufacturing maintains strong momentum despite storms disrupting supply chains

Vietnam’s manufacturing sector continued to expand in November, marking the fifth straight month of improvement, even as severe storms caused supply-chain delays and slowed production, according to S&P Global.

Techfest 2025 returns to Hanoi, spotlighting Vietnam’s vibrant startup community

Techfest 2025 returns to Hanoi, spotlighting Vietnam’s vibrant startup community

Hanoi’s Hoan Kiem pedestrian street will host Techfest Vietnam 2025 from December 12 to December 14, welcoming entrepreneurs, investors and the public to explore emerging technologies and celebrate the country’s growing culture of innovation.

Vietnam expands major entrepreneurship program to unlock opportunities for women nationwide

Vietnam expands major entrepreneurship program to unlock opportunities for women nationwide

The Vietnam Women’s Entrepreneurship Support Program has surpassed nearly every target set for 2017–2025, empowering more than 118,000 women to launch new ventures and laying the groundwork for a stronger, more inclusive entrepreneurial ecosystem in the next decade.

HHTIP accompanies businesses in efficient energy use for sustainability

HHTIP accompanies businesses in efficient energy use for sustainability

As green transition becomes a decisive factor shaping future growth, Hanoi is intensifying efforts to push energy efficiency across its industrial zones. The city’s management board is building a development model centered on clean energy, responsible production and sustainable operations.

Vietnam launches Semiconductor Alliance to build skilled workforce, strengthen global industry ties

Vietnam launches Semiconductor Alliance to build skilled workforce, strengthen global industry ties

The newly launched Semiconductor Alliance in Vietnam seeks to develop skilled professionals, foster collaboration between universities and businesses while preparing the country to play a more active role in the global semiconductor industry.