The BER was completed with inputs from various sources at both the national and provincial level, such as: the Ministry of Agriculture and Rural Development (MARD), the Ministry of Natural Resources and Environment (MONRE), the Ministry of Science and Technology (MOST), Provincial Departments of Agriculture and Rural Development (DARDs), Provincial Departments of Natural Resources and Environment (DONREs), National Parks (NPs), Nature Reserves (NRs), etc. All collected data and information was analyzed following the guidance provided in the BIOFIN Workbook (2016). Two consultation workshops were also organized, to collect comments and feedback from relevant stakeholders and interested parties, which were used to frame this final report and its recommendations.
Based on current biodiversity expenditure as presented in the BER, and the suite of strategies and actions based on Viet Nam’s NBSAP and other key national strategies as presented in the PIR, BIOFIN Viet Nam is currently assessing the financial needs (costing) of Viet Nam in order to implement national biodiversity strategies and plans towards achieving the Aichi Targets and national biodiversity objectives, as well as addressing the financial gap associated with the FNA.
The BFP is the culmination of the BIOFIN process, incorporating all the information, evidence, and recommendations set out in the preceding three reports as well as taken from consultations with stakeholders. By presenting an analysis of a set of finance solutions and technical proposals to fill the identified gaps in biodiversity finance, as well as the economic and business case for their implementation, the BFP will serve as a comprehensive guide map for the expansion and amelioration of Viet Nam’s approach to biodiversity finance that encompasses all sectors of society. The draft BFP proposes a list of different financial solutions which will be selected at a later date based on consultations with relevant ministries, provinces, and protected areas.