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Friday, October 30 2020
Tiếng Việt
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Date 13/03/2020-14:56:00 PM
The Green Climate Fund assists Vietnam in coping with climate change
(MPI) - On March 11, 2020, at the 25th Steering Committee meeting, the Green Climate Fund (GCF) approved a USD 30.2 million grant for the project “Enhancing the resilience of small-scale agricultural production to water insecurity due to climate change in the Central Highlands and South Central Coast region of Vietnam”(SACCR).

The Ministry of Planning and Investmentis the national authority of the GCF Fund assigned by the Government and works in collaboration with the Ministry of Agriculture and Rural Development, relevant localities, the United Nations Development Program and the Asian Development Bank (ADB) to formulate proposals with GCF.The Ministry of Planning and Investment has engaged in dialogues and cooperation activities with GCF on policy structure and opportunities to support Vietnam in responding to climate change and low-emission development investment.

AttheGlobalConferenceof National Designated Authorities (NDA) held by GCF in Korea in 2018, Deputy Minister of Planning and Investment Vu Dai Thang worked with Acting Managing Director of GCF Javier Manzanares to promote cooperation between Vietnam and GCF.

Deputy Minister Vu Dai Thang speaking at the NDA Conference held by GCF on October 8, 2018, in Korea.Photo: (MPI)

Deputy Minister Vu Dai Thang suggested GCF to consider providing grants to projects to enhance effective management of water resources and resilience to climate change for poor farmers in Central Highlands and Mekong River Delta, reducing greenhouse gas emissions in the Central Highlands.

Accordingly, this SACCR Project is Vietnam’s fourth project funded by GCF.Since 2017, Vietnam has been one of the few countries in the world that has received a grant for 04 projects with the amount of USD 146.5 million.The project aims to modernize irrigation systems, improving water security and livelihoods, increasing knowledge about climate risks, applying agricultural technologies that are resilient to climate change, and providing access to agricultural climate and market information.

The SACCR project, implemented by the Ministry of Agriculture and Rural Development for 6 years and together with ADB loans, will directly benefit more than 222,400 people in Dak Lak, Dak Nong, Binh Thuan and Ninh Thuan and Khanh Hoa provinces.

In addition, more than 335,000 people are expected to benefit indirectly from capacity building through training and technical assistance, more access to information on climate risks and wide dissemination and best practices on smart and climate-change adaptable agriculture.

Within the project’s framework, field training courses for farmers will provide knowledge on smart agricultural practices to adapt to climate change.Poor farmers will also receive training on small business plans, including support for access to credit and market linkage.../.

GCF was established in 2010 at the Conference of the Member Parties to the UN Framework Convention on Climate Change (COP16) in Cancun, Mexico to mobilize funding for low-emission development investment and responding to climate change in developing countries.


Ministry of Planning and Investment

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