Forest Sector Modernization and Coastal Resilience Enhancement Project (WB-P157127)

Countries
  • Vietnam
Where the impacts of the investment may be experienced.
Specific Location
TTHue, Quang Binh, Quang Tri, Thanh Hoa, Nghe An, Ha Tinh, Hai Phong & Quang Ninh
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 22, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
SOCIALIST REPUBLIC OF VIETNAM. Ministry of Agriculture and Rural Development
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • Climate and Environment
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 180.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Oct 26, 2017

Disclosed by Bank Aug 29, 2016


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Project Description
The project aims to support the Government of Vietnam in mangrove forests restoration, focusing the central, northern central, and the Red river delta regions. The three elements, according to the Bank are: (i) “putting in place modem and improved systems for planning, providing inputs for, and financing restoration of coastal forests, (ii) investing in more effective management arrangements, and in the cultural practices and structures need to extend and manage coastal forests and augment their survival, and (iii) diversifying the long-term benefits from protecting and maintaining the coastal forests. The project will promote the use of modem approaches to motivate these changes, including modem monitoring systems, market driven payments for ecosystem services, promotion of improved planning, modeling-based determination of site level investments, and upgrading production systems for coastal commodities and promoting integrated value addition.” The component 1 will be implemented at the central level. Components 2 and 3 will be implemented at the sub national (provincial, district, and commune) level
Investment Description
  • World Bank (WB)
International Development Association (Ida) 150.00 Borrower 30.00 Total project costs 180.00
Contact Information
Contact point I.World Bank Contact: Diji Chandrasekharan Behr Title: Senior Natural Resources Econ. Contact: Lan Thi Thu Nguyen Title: Senior Environmental Specialist II.Borrower/Client/Recipient Contact: Lan Anh Nguyen, Title: Deputy Director Bilateral Division Debt Management Department - Ministry of Finance Implementing Agencies Contact: Tran Kim Long Title: Director General International Cooperation Department, Ministry of Agriculture and Rural Development III. For more information contact: The Info Shop The World Bank 1818 H Street, NW Washington, D.C. 20433 Telephone: (202) 458-4500 Fax:(202)522-1500 Web: http://www.worldbank.org/infosbop ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.