The development objective of the Forest Sector Modernization and Coastal Resilience Enhancement Project for Vietnam is to improve coastal forest management in the Project Provinces. The project has three technical components in addition to a fourth component on project management, monitoring, and evaluation. The first component modernizes the technical know how and approaches used for planning, supplying seedlings, and financing coastal protection forest management and planting. The second component adopts a holistic approach that links the biophysical, physical, and management interventions for managing and planting mangroves and sandy soil forests. The third component focuses on augmenting the economic benefits derived from well-protected coastal forests, with the aim of reducing pressure to convert these natural systems. Component 1 will be implemented at the central level. Components 2 and 3 will be implemented at the sub national (provincial, district, and commune) level. The first component consists of three sub-components, a) modernizing coastal forest planning, b) expanding quality seedling production, and c) broadening payments for forest ecosystem services to coastal forests; The second component consists of two sub-component, a) planting and managing target coastal protection forests,and b) protection of planting areas with physical measures; The third component consists of two sub-component, a) investment packages for generating benefits from coastal forests, and b) demand driven productive infrastructure; The fourth component, project management and M&E will cover all the costs associated with project management and monitoring and evaluation (M&E). It will be divided into two subcomponents, the first focused on project management and the second cover M&E, safeguards quality assurance and the independent audit.

The project development objective is to improve coastal forest management in the Project Provinces.