HCMC – The KfW Development Bank is collaborating with the Ministry of Agriculture and Rural Development to expedite two projects focused on developing forest ecosystems and preventing animal diseases from spreading to humans.
The ministry said in an announcement that the two projects involve the conservation and management of the coastal mangrove ecosystem in the Red River Delta and the fight against animal diseases that could transmit to humans by controlling and reducing wildlife trading and hunting. These two projects are expected to commence in the third or fourth quarter of this year.
The two sides are considering two more projects for year-end negotiations. These projects involve wood system control to meet the requirements outlined in the Voluntary Partnership Agreement (VPA) on Forest Law Enforcement Governance and Trade (FLEGT) (“VPA-FLEGT”) and conservation and management of forest ecosystems with the participation of residents (KfW9), as stated by the KfW Development Bank.
Forestry is one of the three sectors chosen by Germany to be a focus and part of the country’s state-level commitments in its new cooperation strategy with Vietnam.
Over the past 25 years, KfW has provided support for over 10 projects in Vietnam with total funding of up to 100 million Euros. These projects have significantly contributed to the development and increase of Vietnam’s forestry coverage from 28% in 1995 to over 42% in the current condition.