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PREM Working Paper 05-14 - Financial sustainability of the Hon Mun Marine Protected Area
|Author(s)||Pham Khanh Nam, Tran Vo Hung Son, Herman Cesar, Richard Pollnac|
|Theme(s)||Policy and Trade, Fisheries, Biodiversity|
|Method(s)||Social Analysis, Policy Instruments|
This study explores the relationship between economic values of coral reefs, coastal poverty, and policy interventions in Vietnam, using the Hon Mun Marine Protected Area (MPA) as a case study. Hon Mun was set up in 2001, and is currently funded by a 4-year US$ 2 million programme (principally supported by international donors). This financial support has ensured sound management of its natural resources: it is recognized as a well-run MPA. In the long term, continued management would provide greater net benefits (particularly in terms of fisheries and tourism) than a ‘no management’ scenario. Yet to ensure future management, Hon Mun needs to develop its own sustainable and autonomous financing regime.
|Full Document||PREM WP 05-14.pdf||PDF Document||Download|