(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/.
Vice Secretary of the provincial Party Committee and Chairman of the provincial People's Committee Bui Van Khanh chaired the regular October meeting of the provincial People's Committee to review 2024 socio-economic performance.
Taking advantage of favourable weather conditions, constructor is speeding up the construction of technical infrastructure at Tien Tien industrial cluster in Quang Tien commune of Hoa Binh city. So far, the construction of important infrastructure works in the industrial cluster such as the operation office, wastewater treatment plant, power supply system, clean water supply system, fire prevention and fighting system, rainwater drainage system, and internal traffic roads has been completed.
Numerous credit solutions have been implemented by local banks in Hoa Binh province to support individuals and businesses affected by Typhoon Yagi. These measures include debt rescheduling, providing in-depth financial advice, and offering interest rate reductions based on the extent of damages.
Starting from nothing and persevering through a challenging entrepreneurial journey, Bui Van Nhung, a teacher and Party member in Lac Son district’s Nhan Nghia commune - has built Nhung Van Co. Ltd. into a respected provider of high-quality products. Driven by his passion and determination to overcome poverty, this young Party member has blazed a new trail, inspiring the aspirations of farmers across Mường Vang.
In November 8, at Kim Boi District Stadium, the Department of Industry and Trade and the People's Committee of Kim Boi District, Hoa Binh province jointly organized the opening of the Fair to display and introduce typical products of ethnic minority and mountainous areas.
Orange growers in Cao Phong district of Hoa Binh province have enjoyed a good harvest and good prices of the fruit this year.
