Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Vietnam
Location: Nga Son. Hau Loc, Hoang Hoa, Sam Son, Quang Xuong, Tinh Gia, Thanh Hoa province and U Minh, Ca Mau.
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.
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Green Climate Fund (GCF)
Status: Approved
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.
Board Decision Date: 2017-07-19
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 or Client: Ministry of Agriculture and Rural Development
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Agriculture and Forestry
  • Climate and Environment
  • Construction
  • Industry and Trade
Investment Type(s): Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 29.52 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): $ 40.53 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

Share This Page

 

Contact Us

Do you have more information on
this project, or want to get involved?
Contact EWS

Primary Source

Original disclosure @ GCF website
Updated in EWS: 2017-10-26
Disclosure Date: 2017-07-19
Improving the resilience of vulnerable coastal communities to climate change related impacts in VN
GCF-FP013

Project Description
Within 5 year, the project aims to strengthen storm and flood protection for coastal communities in Viet Nam through resilient housing, planting and rehabilitation of mangrove forests, and systematized climate risk assessments for the public and private sectors. The project proposes to benefit up to 20,000 people who are exposed to high risk from adverse weather events. In order to create storm surge buffers, 4,000 hectares of mangroves will be planted and rehabilitated, which will also create sustainable ecosystem resources to support coastal livelihoods. The project will also develop systematized climate and economic risk assessments for private and public sector application in all 28 coastal provinces of Viet Nam. In sum, the project relies on grant finance as: (a) the proposed interventions will benefit vulnerable families identified as poor by the government, (b) strengthens natural defenses proving public value and (c) does not generate revenue that lends itself to providing reflows to the GCF.
Investment Description
Ministry of Construction $8.0 Million US Ministry of Agriculture and Rural Development Grant $1.4 Million US UNDP $1.6 Million US GGF $29.5 Million US
Contact Information
Contact person, position Keti Chachibaia, Regional Technical Advisor Organization: UNDP Email address: keti.chachibaia@undp.org Telephone number: +66 (0) 2 304 9100 ext 5091 Mailing address: United Nations Development Programme 4th Floor United Nations Service Building Rajdamnern Nok Avenue Bangkok 10200, Thailand ACCOUNTABILITY MECHANISM OF GREEN CLIMATE FUND The Independent Redress Mechanism (IRM) is the independent complaint mechanism for a person or people who have been or believe they are likely to be adversely affected by a project or programme funded by the Green Climate Fund. If you submit a complaint to the IRM, it may seek to address the issues raised by facilitating a problem-solving dialogue or, if that is not possible, conducting an independent investigation into whether the GCF has complied with its environmental and social policies. The IRM is newly created and is still in the process of developing its procedures and website. More information about the IRM and how you can file a complaint is forthcoming. You can contact the IRM at irm@gcfund.org.
Bank Documents