The Green Climate Fund has approved a funding proposal submitted by the Japan International Cooperation Agency (JICA) and the Government of Viet Nam for a results-based payment project on reducing emissions from deforestation and forest degradation (REDD+), recognising Viet Nam’s emission reduction achievements in 2014.
The proposal, titled “Viet Nam’s REDD+ Results-Based Payment for the Results Period of 2014,” was approved at the 44th meeting of the GCF Board held on March 26, 2026 in Republic of Korea.
Accordingly, Viet Nam will receive 71.96 million USD through a results-based payment mechanism, corresponding to independently verified greenhouse gas emission reductions. These results were achieved through efforts to curb deforestation and forest degradation, while increasing forest carbon stocks through tree planting and natural forest restoration. The funding from the project will be reinvested in strengthening forest-related policies, institutions and enforcement measures.
Through project activities, Viet Nam will gradually address the main causes of deforestation and forest degradation, promote sustainable forest management, and improve livelihoods for forest-dependent communities.
The project is expected to be implemented over six years, led by the Ministry of Agriculture and Environment of Viet Nam in coordination with provincial People’s Committees in the project areas. Target locations include provinces in the Northwest and Northeast regions, namely Dien Bien, Lai Chau, Lao Cai, Son La, Phu Tho and Tuyen Quang provinces.
The approval of this project further affirmed the long-standing and effective cooperation between JICA and Viet Nam in the field of REDD+, including support for development of policy, forest monitoring systems, the measurement, and calculation of emission reductions and elimination.
