Viet Nam is one of the world's sixteen most biologically diverse countries. At present, over 50,000 species have been identified, consisting of nearly 7,500 microorganisms, 20,000 terrestrial and water plants, 10,500 terrestrial animals, 2,000 invertebrates and freshwater fish and over 11,000 marine species. Although biodiversity brings direct benefits to humans, contribute to the national sustainable development strategy and protect environment, Viet Nam is experiencing rapid loss due to the population growth, overexploitation of natural resources, illegal logging and the expansion and intensification of agriculture. The objectives of BIOFIN in Viet Nam is to support the country to assess the current financial flows to biodiversity protection, develop appropriate mechanisms to improve the financial sustainability and to assist the implementation of the undated National Biodiversity Strategy and Action Plan.

Progress Reports

Policy and Institutional Review (PIR)

BIOFIN Viet Nam will conduct an analysis of the existing policies, institutional arrangements and finance actors that drive both positive and negative trends in biodiversity management at the national level, to identify key drivers and sectors affecting biodiversity; Validate the analysis through stakeholder consultations. We will also organize a workshop finalizing the findings and recommendations and prepare a synthesis report.

The National BIOFIN team are experts on Policy and Institutional Review, Biodiversity Expenditure and Finance Needs Assessment.

Mr. Nguyen Xuan Nguyen is an expert on PIR. He has Doctoral degree in Economics at the National Economic University in Viet Nam. He has in-depth experience in policy analysis, institutional capacity building and sustainable financial planning for biodiversity conservation. He worked as a consultant for the WB, the ADB and the United Nations in Viet Nam.

Expenditure Review (BER)

BIOFIN Viet Nam will analyze Viet Nam’s past and current expenditure on biodiversity management by the government, private sector, NGOs, etc as relevant; estimate the likely amount to be expended in the future under a variety of scenarios, including a status quo scenario for the future.

Ms. Tran Thi Thu Ha is a BER expert. She is a PhD candidate of Environment and Sustainable Development. She worked as a consultant at WB, FAO, ADB, UNDP, GEF, GIZ, and JICA. She has strong experience in ecosystem service valuation and forestry policy analysis.

Needs Assessment (FNA)

Based on the current expenditure as presented in the BER, and the suite of strategies and actions based on a country’s NBSAP and other key national strategies presented in the PIR, BIOFIN Viet Nam will assess the financial need (costing) of Viet Nam in order to implement national biodiversity strategies and plans towards achieving the Aichi Targets and national biodiversity objectives. Based on BER and the costing of the FNA, we will also assess the associated financial gap.

As an expert on FNA of the Viet Nam BIOFIN team, Ms. Nguyen Thi Minh Hue has Doctor degree of Finance, Banking and Economics of the National Economics University in Viet Nam. She has strong expertise in financial management. She also worked as a consultant at many projects of the WB, CIDA and UNDP.

Knowledge Products

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