The International Development Association (IDA), the Global Environment Facility (GEF), and the governments of Finland and the Netherlands are collaborating to fund and invest in a reforestation project across four provinces: Bình Định, Quảng Nam, Quảng Ngãi, and Thừa Thiên Huế, with a total budget exceeding 74 million USD. 
The Forestry Department of the Ministry of Agriculture and Rural Development has announced that the project will be implemented from 2005 to 2010, aiming to generate an income of approximately 2.5 million USD per year for local forest growers starting in 2011.
This project is a concrete step towards realizing forestry development programs focused on sustainable management of forest resources and the conservation of Vietnam’s special-use biodiversity in the Central provinces. It aims to enhance the forest sector’s contribution to poverty alleviation and environmental protection efforts.
The initiative will assist local communities in transitioning from extensive to intensive forest cultivation and will support effective forest management through investments in reforestation from various economic sectors, particularly from households.
According to the plan, the project will sustainably plant and manage 65,000 hectares of production forest, aiming to increase the wood supply for the coastal provinces of South Central Vietnam by approximately 123,000 cubic meters per year by 2010, while attracting between 6 to 8 million forestry workers.
The results of the national forest inventory in 2004 indicated that the total area of natural forest in the four provinces within the project region was approximately 807,000 hectares, a decrease of 162,000 hectares compared to 1992, with a forest coverage rate of 35.9%.
