Biodiversity Law that covers Compensation for Damage to Biodiversity (Vietnam)

Vietnam passed a biodiversity law that went into effect July 1, 2009 that covers Compensation for Damage to Biodiversity (article 75) and stipulates that damage payments or compensation will be required and “reinvested in biodiversity conservation and sustainable development.”13 Details of the implementation of Vietnam’s Biodiversity Law will be spelled out in a forthcoming decree – expected sometime in 2010.

Program Statistics

Date Established: 2009 Status: In-Progress Program Type: One-Off Offset
About the program:
Annual size of program (area): (acre) Year of Data:
Cumulative size of program (area): (acre) Years of Data: -
Annual payments of program (US$): Year of Data:
Cumulative payments of program (US$): Years of Data: -
Notes on program size or payments:
Species or habitat types (if applicable):
Notes: Vietnam Biodiversity Law, No. 20/2008/QH12, 2009. English version available at http://www.grain.org/brl_files/Final%20Law_%20Eng%20%20Passed%20by%20NA.doc
Bank regulator information: Ministry of Natural Resources and the Environment (MONRE) Last Updated: October 4, 2010