Non-Governmental Organizations (NGOs) are widely recognized for their support of biodiversity conservation and forest restoration in tropical developing countries. In the Chittagong Hill Tracts (CHTs) of Bangladesh, ethnic forest-dependent communities have long maintained the Village Common Forest (VCF), an ancestral forest managed for community well-being. In recent years, some VCFs in the CHT have received support from local and international NGOs due to their perceived role in supporting biodiversity, ecosystem services, and improving local livelihoods. Although such support remains limited, its impacts on forest restoration and vegetation are not yet fully investigated. In the present study, we used remote sensing techniques and field surveys to measure vegetation cover changes and tree diversity in selected VCFs in the area. Our findings indicate that vegetation condition and tree diversity were better in NGO-supported VCFs compared with those without NGO intervention. Based on our study, we recommend increasing NGO involvement in VCF management with a more holistic and ecosystem-based approach, fostering institutional cooperation addressing land ownership issues, developing a market for forest ecosystem services, and improving local capacity for science-based forest management and ecosystem restoration in the CHT.