Illustrative image (Photo: VNA)The Trust Fund for Forests (TFF) has received 28.9 million out of the 29.04 million EUR pledged by international donors, according to TFF’s Deputy Director Pham Hong Luong.
He reported the figure at a conference to review the TFF’s activities held by the Vietnam Forestry Administration under the Ministry of Agriculture and Rural Development in Hanoi on September 30.
The TFF, a financing mechanism to deliver official development assistance for sustainable forest management, was established in 2004 and has received funding from the governments of Finland, the Netherlands, Sweden and Switzerland as well as facilitated technical support from Germany.
The TFF aims to harmonise donor requirements with Vietnam’s planning and administrative systems in order to support urgent priorities in the forestry sector as well as contribute to successfully implementing the Payments for Forest Ecosystem Services (PFES) initiative in Vietnam.
So far, the fund has signed 40 agreements to provide grant support to 22 projects and non-project activities.
Pham Hong Luong said the fund continues calling for support to implement the PFES policy, the national programme for Reducing Emissions from Deforestation and Forest Degradation in developing countries (REDD+), and the national forestry development programme for 2016-2020.-VNA
