HA NOI (VNS) — The Ministry of Agriculture and Rural Development and the German Development Bank (KfW) yesterday signed a financial agreement to support the project titled "Protection and Inclusive Management of Forest Ecosystems in Quang Nam, Kon Tum and Gia Lai".
The seven-year project, worth about EUR11.3 million (US$14 million), included EUR8 million in official development assistance.
The project will focus on maintaining the ecological integrity and biodiversity of natural forest ecosystems in Viet Nam's central and central highland regions while raising local living standards.
The project will cover 28,000ha of natural forests in Quang Nam, Kon Tum and Gia Lai.
Speaking at the signing ceremony, Deputy Minister Ha Cong Tuan said the two countries had co-operated effectively in many fields in previous years.
The German Government via the German Development Bank had contributed EUR120 million ($150 million) to Viet Nam to plant forests and manage natural resources since 1995, he said.
Tuan said the projects had helped to increase the rate of forest coverage, sustainably develop the ecological system and raise incomes for thousands of households in mountainous and rural areas, especially people from ethnic groups.
The rate of forest coverage had increased from 28 per cent to 41 per cent since 1995, he said.
Christine Heimburger, director for East Asia and the Pacific for KfW, said she highly appreciated the Vietnamese Government's commitment, and looked forward to long-term co-operation with Viet Nam. — VNS