REDD countries

Funding for REDD activities in Vietnam is generally fragmented and bilateral. The major funding sources in Vietnam are the UN-REDD Viet Nam Programme and the governments of Finland, Norway and Japan. The UN-REDD Viet Nam Programme has received funding of USD 4.4 million from the Multi Donor Trust Fund. Of this USD 2.0 million has been disbursed, up to June 2010. JICA is providing approximately USD 3.3 million for a study on REDD priority areas and has a REDD demonstration project planned for 2011. The Finland Cooperation Programme is providing USD 2.8 million for a FAO National Forest Assessment project and the Government of Finland is providing USD 2.3 million to other REDD activities in Vietnam. Other donors include the Darwin Initiative and the European Commission that are funding REDD projects in Vietnam. The recent Readiness Preparation Proposal formulated under the World Bank's Forest Carbon Partnership Facility has also requested USD 3.6 million to assist in REDD readiness activities; this funding is yet to be disbursed. The national government is also funding domestic action for the implementation of the National REDD+ Program. Support is currently being provided through the Ministry of Agriculture and Rural Development (MARD) and other government agencies, provincial and district authorities, and through parastatal organizations. While the current level of domestic financing for REDD is difficult to assess, the Ministry of Finance aims to improve the monitoring of financial flows for REDD.