Transforming the Mekong Delta GCF Program for Vietnam

dropped

The proposed Project represents an important contribution to the implementation of the recent Prime Minister’s Resolution 120 onSustainable Development of the Mekong Delta. Specifically, the proposed Project aims to address the issues of regionalcoordination, sustainable financing and international cooperation in the Mekong Delta, as well as finance the interprovincialinvestments which respond to some urgent needs identified and support the large-scale transformation envisioned in the Resolution.This proposed project seeks to enhance a spatially integrated approach across the Mekong Delta in Vietnam to increase climateresilience, identify innovative investments in nature-based solutions, that contribute to the paradigm shift in delta developmentthat adapts to climate risks; and support regional coordination and sustainable financing efforts in Vietnam. The proposed Projectwould complement the on-going IDA project on Integrated Climate Resilience and Sustainable Livelihoods (MD-ICRSL) --- following thesame transformative and integrated approach. The proposed Project focuses on the upper delta provinces of Vietnam’s Mekong Delta.The provinces within the Plain of Reeds (PoR) and Long Xuyen Quadrangle (LXQ) have undertaken visioning exercises and reached widepolitical consensus to transition out of three-rice towards more nature-based solutions of flood-based agriculture which helpmitigate extreme floods and droughts. Such interprovincial investments are expected to provide efficient and cost-effectivesolutions that work to adapt to natural conditions of the floodplain, rather than invest in expensive structural measures thatmaintain business as usual. The Project includes three components –the first, supporting the implementation of policies relatedto PM Resolution 120; the second, providing critical financing for feasibility studies and other analyses to prepareinterprovincial projects, as well as for small-scale infrastructure to enable farmers/ communities to effectively transitionlivelihoods for greater climate resilience; and the last, project management and monitoring.Component 1: Policy ImplementationSupport for PM Resolution 120 Sub-component 1.1: Supporting Inter-Provincial and Regional Coordination Sub-component 1.2:Supporting Financing Mechanism for the Mekong Delta Sub-component 1.3: Improving Enabling Environment for Private Sector Financingand Entrepreneurship Sub-component 1.4: Enhancing Climate Information Services and Transboundary Collaboration in the MekongDeltaComponent 2: Scaling up Climate Resilience for Interprovincial ProjectsSub-component 2.1: Investing in Natural Capital inthe Plain of Reeds Sub-component 2.2: Securing Long-Term Sustainability in Long Xuyen QuadrangleSubcomponent 2.3: PilotingInnovation in Riverbank Erosion Management. Component 3: Project Management and Monitoring