Vietnam REDD-plus results-based payments for results period of 2014 Viet Nam

Vietnam is seeking results-based payments for 14,040,000 tCO2e of net emission reductions and removals from 2014, totaling an expected payment of 71,955,000 USD. The funds will finance a six-year project (2027-2033) targeting the North West and North East agro-ecological regions, specifically six provinces: Phu Tho, Son La, Dien Bien, Lai Chau, Lao Cai, and Tuyen Quang. The project focuses on four outcomes: strengthening institutional systems, improving land and forest management, enhancing forest value for local socio-economics, and project management. It aims to benefit 9.24 million people and protect 3.79 million hectares of terrestrial forest, with an ex-ante mitigation impact of 17.29 million tCO2e.

• For the 2014-2018 period, Vietnam achieved total net REDD+ results of 283,996,300 tCO2e, with 56,799,260 tCO2e achieved specifically in 2014.
• The final volume of net results offered to the GCF for the 2014 period is 14,040,000 tCO2e, which, including a 2.5% extra payment for non-carbon benefits, results in an expected payment of 71,955,000 USD at a rate of 5 USD/tCO2e.
• The 'Use of Proceeds' (UoP) project will be implemented from 2027 to 2033, targeting the North West and North East agro-ecological regions, covering 5.8 million hectares of forest.
• The UoP project targets six specific provinces: Phu Tho, Son La, Dien Bien, Lai Chau, Lao Cai, and Tuyen Quang.
• The UoP project is structured around four outcomes: institutional and regulatory systems (28.6% of payment), land and forest management (33.4%), local socio-economic value (23.3%), and project management (14.7%).
• The project expects to deliver an ex-ante GHG mitigation impact of 17.29 million tCO2e, with 9.89 million tCO2e from direct forest management and 7.40 million tCO2e from indirect policy interventions.
• The project aims to reach 9.24 million total beneficiaries, including 7.58 million direct and 1.66 million indirect beneficiaries.
• Vietnam has undergone government restructuring as of March 1, 2025, merging the Ministry of Agriculture and Rural Development (MARD) and the Ministry of Natural Resources and Environment (MONRE) into the Ministry of Agriculture and Environment (MAE).
• To prevent double payments, Vietnam is developing a National REDD+ registry managed by the MAE and linked to existing land and forest management systems.
• The project identifies six key drivers of deforestation and degradation: planned conversion to agriculture, planned conversion to timber plantations, unplanned encroachment, infrastructure development, illegal/legal logging, and forest fires.
• The project will utilize a 'Collaborative Management Approach' to ensure the participation of local communities and ethnic minorities in forest management and benefit sharing.
• The project is classified as 'moderate risk' (Category B), requiring an Environmental and Social Management Framework (ESMF) to mitigate potential impacts on biodiversity and local livelihoods.

APA

Green Climate Fund (2026). Vietnam REDD-plus results-based payments for results period of 2014 Viet Nam. https://www.greenclimate.fund/sites/default/files/document/fp294.pdf

Chicago

Green Climate Fund. Vietnam REDD-plus results-based payments for results period of 2014 Viet Nam. 2026. https://www.greenclimate.fund/sites/default/files/document/fp294.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Vietnam REDD-plus results-based payments for results period of 2014 Viet Nam |date=17 April 2026 |url=https://www.greenclimate.fund/sites/default/files/document/fp294.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2026vietnam, author = {{Green Climate Fund}}, title = {{Vietnam REDD-plus results-based payments for results period of 2014 Viet Nam}}, institution = {Green Climate Fund}, year = {2026}, month = apr, url = {https://www.greenclimate.fund/sites/default/files/document/fp294.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }