Thursday, December 26, 2024 9:20:32 PM - Markets closed
VN-INDEX 1,272.87 -1.17/-0.09%
HNX-INDEX 229.90 +0.09/+0.04%
UPCOM-INDEX 94.41 -0.18/-0.19%
Dak Lak to carry out reforestation project worth over US$19 million
vietnamnews - 11/9/2024 9:55:32 AM
 (0 ratings. You must sign in to rate.)

The project is expected to improve the livelihoods of more than 24,000 households.

Forest rangers from Yok Đôn National Park in Dak Lak Province prepare fire trails to prevent wildfires during the dry season in March. — VNA/VNS Photo Tuan Anh

The People’s Council of Dak Lak Province has approved an investment worth US$19.53 million to reduce emissions from deforestation in the Central Highlands and south-central coastal region.
 
Funded by the International Fund for Agricultural Development (IFAD) and the Green Climate Fund (GCF), the project is part of a programme by the United Nations that aims to reduce emissions from deforestation and forest degradation in developing countries (known as REDD+).
 
The Dak Lak People's Committee will be the project’s governing body, and the Department of Agriculture and Rural Development the implementing agency.
 
It will be carried out in 15 communes of the four districts M’Drak, Ea Kar, Krông Bông and Lắk, and is expected to improve the livelihoods of 24,178 households.
 
The project's overarching goal is to reduce emissions from deforestation and forest degradation by addressing agricultural and forestry factors, encouraging strategic investments that restore and sustainably manage forest areas, and empowering communities and institutions to improve resilience, reduce poverty and adapt to climate change.
 
Specific objectives are to support local governments at all levels in developing policies that incorporate national strategies, and achieve them through planning and implementation of measures that reduce emissions from deforestation and forest degradation.
 
The project will also focus on efforts to restore forests and improve people’s livelihoods, and raise community awareness on the issue.
 
Apart from helping local governments develop policies to address difficulties in the use of forest land for production, the project will also help farmers build and promote value chains for products that do not lead to deforestation.
 
It also aims to ensure sustainable agricultural incomes for locals, and reduce the pressure to expand farming, which is a major driver of deforestation and forest degradation.
 
Efforts for reforestation and enhanced carbon storage will also be encouraged.
 
The project will be carried out in three phases from now until 2028. — VNS
 
 
Read original article here
 
Newer News
17/12 HCM City’s retail sales up 11 per cent this year
17/12 Agriculture sector records trade surplus this year
17/12 Vietnam's gaming industry reaching high score in entertainment sector
17/12 Vietnam’s garment-textile exports expected to reach US$44 billion this year
17/12 Vietnam’s e-commerce boom: a US$5.8 bln opportunity by 2028
17/12 E-commerce: a gateway to boost Vietnamese commodities in the UK market
17/12 Retail giants to ensure sufficient supply, steady prices of Tet goods
16/12 Failure of a Chinese giant in a competitive retail market
16/12 Vietnam’s GDP growth poised for robust growth in 2024: officials
13/12 B2C e-commerce market in bloom
Older News
09/11 Nam Dinh unveils its seventh industrial park
09/11 Hanoi's 10-month export value tops $15.5 billion
09/11 EU is important VN partner for trade, green transformation: forum
08/11 Automotive support industry strives to become spare part supplier
08/11 Vietnam’s auto industry strives to reach global recognition
08/11 Vietnam Air Cargo Day 2024 Forum takes place for the first time in Hanoi
08/11 Bac Giang promotes service development to attract high-quality FDI
07/11 Foreign investment disbursement hits $19.58b in 10 months
07/11 VN posts trade surplus of US$23.31 billion in 10 months
07/11 LEGO Group nears completion of Vietnam factory, begins test run
 
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 3:05:03 PM
VN-INDEX 1,272.87 -1.17/-0.09%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.