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The RECAF project seeks USD 35 million from the Green Climate Fund (GCF) and USD 32.434 million in loans from IFAD to reduce GHG emissions by 6.68 MtCO2-eq over 12 years. The project focuses on five provinces: Dak Lak, Dak Nong, Gia Lai, Lam Dong, and Ninh Thuan. It aims to transform 145,000 hectares of forestland into agroforestry systems and protect 500,000 hectares of natural forests. Key strategies include upgrading the National Forest Monitoring System (NFMS), establishing public-private-producer partnerships (4Ps) for deforestation-free commodities like coffee and pepper, and implementing a performance-based Payment for Ecosystem Services (PES) mechanism. The project targets 420,000 direct beneficiaries, with a strong focus on ethnic minorities and women, to improve livelihoods and climate resilience.

The RECAF project targets the Central Highland and South Central Coast regions of Viet Nam to mitigate emissions from the nexus of forestry and agriculture. With a total indicative cost of USD 94 million, the project seeks to reduce 6 MtCO2e over a 12-year lifespan. Key strategies include mainstreaming the National REDD+ Action Plan (NRAP) into provincial planning, developing deforestation-free value chains for commodities like coffee and rubber, and implementing a 'low emission credit' product for smallholders. The project also focuses on enhancing forest carbon stocks on 0.5 million hectares and establishing collaborative forest management (CFM) and payment for forest ecosystem services (PFES) to benefit 40,000 smallholder households.