Project to develop multi-use values of forest ecosystem to 2030 approved
Deputy Prime Minister Tran Luu Quang on February 29 signed a decision approving a project on developing multi-use values of the forest ecosystem to 2030, with a vision to 2050.
People in Dien Bien province plant trees in a protective forest. (Photo: baotainguyenmoitruong.vn)
Hanoi (VNA) – Deputy Prime Minister Tran Luu Quang on February 29signed a decision approving a project on developing multi-use values of theforest ecosystem to 2030, with a vision to 2050.
The project aims to improve the efficiencyof management and sustainable use of forest resources; create jobs, increaseincomes, stabilise and improve the material and spiritual lives of ethnicminorities, mountainous people, forestry workers and those living near forests,thus contributing to socio-economic development, conservation of naturalresources and biodiversity, environmental protection, and climate change adaptation.
It is also expected to preserve and promotecultural and historical values, indigenous knowledge of local communities; andhelp ensure national security and defence.
One of its specific goals is to sustainablydevelop the supply of wood materials through organising intensive farming andexpanding areas of big timber trees to ensure proactive supply of materials forthe wood processing industry, striving for the output of domestically exploitedwood materials to meet at least 80% of the raw material demand for this industryby 2030 and 100% by 2050; and 100% of wood and wooden products having legal origins,thus meeting the requirements of the export markets and domestic consumption.
The value of processed non-wood forestproducts and medicinal herbs by 2030 will increase by 1.5 times compared to2020 and double by 2050. The export value of non-timber forest products and medicinalherbs produced under forest canopy will account for 10-15% by 2030 and 25% by2050 of the total value of forestry product exports.
The project also sets goals of developingforest environmental services on the basis of specifying and expanding servicetypes; effectively managing and using resources from these services to ensurecompliance with legal regulations; efficiently implementing forest carbonabsorption and storage services; reducing greenhouse gas emissions fromlimiting deforestation and forest degradation, sustainable forest management,and green growth; and striving to ensure stable growth of revenue from forestenvironmental services, at 5% a year.
Attention will be paid to developingsustainable community-based tourism, ecotourism, resort and entertainmentactivities, with the aim of increasing revenue from these activities by 50% by 2030 compared to 2020 and 100% by 2050./.
Vietnam’s exports of wood and wooden furniture will reach only about 13.5 billion USD in 2023, down 15.5% year on year, President of the Vietnam Timber and Forest Product Association (VIFOREST) Do Xuan Lap told a seminar held in Hanoi on December 21.
2023 marked a significant milestone for the forestry sector as Vietnam successfully sold 10.3 million forest carbon credits (equivalent to 10.3 million tonnes of CO2) for the first time through the World Bank for 51.5 million USD.
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People in Dien Bien province plant trees in a protective forest. (Photo: baotainguyenmoitruong.vn) 
