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

Countries
  • Vietnam
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jun 22, 2017
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
SOCIALIST REPUBLIC OF VIETNAM. Ministry of Agriculture and Rural Development
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. 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, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Oct 26, 2017

Disclosed by Bank Aug 29, 2016


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed 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
Here you can find a list of individual development financial institutions that finance the project.
International Development Association (Ida) 150.00 Borrower 30.00 Total project costs 180.00

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
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.

How it works

How it works