The Prime Minister has approved a project on central-level biodiversity conservation and sustainable usage of eco-forestry services, using Germany’s non-refundable official development assistance (ODA).

The project is carried out between 2015 and 2018 at a total cost of 4.95 million EUR (about 6 million USD) and with a view to supporting the green growth strategy of Vietnam.

Specific targets include improving the legal framework on sustainable forestry protection and development and enhancing capacity of State-run management agencies, private businesses, and social organisations in the field.

They also cover the application and popularisation of international experience and initiatives in biodiversity and forestry, efforts to reduce emissions from deforestation and forest degradation (REDD), and forest law enforcement, governance and trade (FLEGT).

In 2014, Vietnam was ranked 16th out of the 25 countries having the richest biodiversity in the world. It is home to eight UNESCO-recognised Biosphere Reserves: Can Gio Mangrove Swamp, Cat Ba, Cat Tien, Cu Lao Cham-Hoi An, Kien Giang, Mui Ca Mau, the Red River Delta, and Western Nghe An.

The country has also ratified a number of international agreements for biodiversity conservation such as the Convention on International Trade in Endangered Species of Wild Fauna and Flora, the Convention of Biological Diversity (CBD), and the Convention on Wetlands of International Importance (RAMSAR).-VNA