(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/.


 


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