(HBO) - A delegation from the Korea International Cooperation Agency (KOICA) led by Director General of KOICA's Department of Corporate Partnership Lee Sang-back had a working session with the provincial People's Committee on a public-private partnership project on reducing emissions from deforestation and forest degradation in developing countries (REDD+) on March 29. It was received by Dinh Cong Su, Vice Chairman of the provincial People's Committee, and representatives from local departments and sectors.
Dinh Cong Su, Vice Chairman of the
provincial People's Committee, speaks at the working session.
KOICA was established by the Korean government
in 1991 with the mission of implementing non-refundable aid programmes for
developing countries, including Vietnam. Every year, KOICA receives more than 1
trillion KRW from the Korean government to support its partner countries.
Apart from the financial support, through KOICA,
the Korean government has shared its experience in the fields of education,
healthcare, public administration, rural development, information technology,
industry and energy, environment, climate change response, and the Sustainable
Development Goals. It also provided expertise in disaster response and
reconstruction.
The above-said PPP project - a technical
assistance one – aims to provide a forest management and monitoring system
based on information-technology and a carbon trading platform.
Specifically, the project applies technological
solutions such as satellite imagery, remote-sensing technology, and machine
learning to accurately estimate the amount of carbon credits and reduce
wildfires and landslides through warning and quick response using AI-based
sensors and an automatic irrigation system in order to manage forests
effectively.
The project is expected to be rolled out in 15
cities and provinces with a total forest area of 5.6 million hectares,
including 1.5 million hectares in hotspots of deforestation and forest
degradation.
KOICA expects Hoa Binh to be the first province
to participate in the project, which features four main activities: reducing
emissions from deforestation and forest degradation, absorbing carbon from
afforestation and reforestation, restoring and protecting natural forests, and
enhancing livelihoods for ethnic minorities.
At the working session, the participants
discussed procedures, advantages, difficulties in the project implementation,
and mechanisms and policies to attract investment in the local forestry sector.
In his remarks, Su expressed his pleasure at
KOICA’s selection of Hoa Binh for the project on reducing emissions from
deforestation and forest degradation, which is also the locality’s strength.
Hoa Binh wishes to continue joining hands with
KOICA in the project implementation, he said/.
Appreciating the abundant potential and strengths of his hometown for tourism development, Ha Cong Hung, Deputy Secretary of the youth union of Mai Chau district’s Mai Hich commune, embarked on producing smoked meat with a desire to introduce his homeland's specialty to domestic and international tourists.
Hoa Binh farmers are investing big in their chilli pepper cultivation areas after the first batch of 7.5 tonnes of pickled chilli peppers was shipped to the Republic of Korea (RoK) by Tien Ngan Trade and Investment Co., Ltd last month.
Recognising the role and importance of developing the collective economy, the northern province of Hoa Binh has promptly issued support policies to propel the development of the economy, making important contributions to local socio-economic development.
Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.
In the first quarter of 2024, the credit institutions in the province have actively deployed the legal documents of the State and the State Bank relating to currency, credit and interest rates. At the same time, they have promoted the capital mobilization, focusing on the solutions to expand the credit investment along with strengthening the credit quality management, lending to priority programs to promptly meet the capital needs for export - business and consumer demand during Tet in 2024.
Outside the key economic region of Hoa Binh, yet Lac Son district has utilised its potential and strengths regarding labour, land, and transportation connectivity to attract investment to the locality, contributing to promoting socio-economic development.
