HSBC, WWF Vietnam join hands to recover submerged forests
HSBC Vietnam has teamed up with World Wide Fund For Nature (WWF) Vietnam in rolling out a project worth VND10 billion (US$431,800) to recover submerged forests at the Ca Mau Cape National Park in the southernmost province of Ca Mau.
The five-year project strives to retrieve 150 ha of natural submerged forests, in the hope of handling severe challenges on climate change, water security, water pollution and food security, together with health care and natural hazard risk management.
HSBC Vietnam CEO Tim Evans said that his group has endorsed environmental conservation activities for the sake of future generations.
The project is expected to support Vietnam to fulfil its commitment on greenhouse gas emission reduction in keeping with the Paris Agreement.
In addition, it will help the country raise nationwide forest coverage.
The impact of climate change would severely affect the biodiversity of mangrove forests across the country, experts have said.
Vietnam is one of the five countries most vulnerable to climate change while the Mekong Delta region, Vietnam’s rice granary, is among the three large deltas in the world worst hit by that weather phenomenon.
