Vietnam to collect over 100 mln USD from forest environment services
Vietnam to collect over 100 mln USD from forest environment services in 2018
Vietnam is forecast to collect approximately 2.5 trillion VND (106.4 million USD) from payments of forest environmental services in 2018, Deputy Minister of Agriculture and Rural Development Ha Cong Tuan has said.
Deputy Minister of Agriculture and Rural Development Ha Cong Tuan addresses the conference in Hanoi on October 19 (Photo: VNA)
Hanoi (VNA) ༒– Vietnam is forecast to collect approximately 2.5trillion VND (106.4 million USD) from payments of forest environmental servicesin 2018, Deputy Minister of Agriculture and Rural Development Ha Cong Tuan hassaid.
Tuan made the statement at a conference to review the10-year operation of the Vietnam Forest Protection and Development Fund (VNFF),which was jointly held by the Vietnam Administration of Forestry, the VNFF, andthe German Development Cooperation Agency (GIZ) in Hanoi on October 19.
Tuan said that during the reviewed period, the fundmobilizes an average of over 1.3 trillion VND (55.3 million USD) a year fromforest environment service fees.
The money has helped to manage and protect more than 5 millionha of forest each year, accounting for 42 percent of the total, he stated,adding that it also makes up 16-18 percent of investment in the entire forestrysector.
In addition, the fund also supports forestry companies tostop exploiting natural wood and provides assistance for over 410,000households, mainly belonging to ethnic minority groups, to help them improvetheir living conditions, Tuan said.
𓂃 On January 14, 2008, the Government issued a decree on theestablishment of the Vietnam Forest Protection and Development Fund with theaim to mobilise and receive non-budget resources to manage, protect, anddevelop forested land. –VNA
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Deputy Minister of Agriculture and Rural Development Ha Cong Tuan addresses the conference in Hanoi on October 19 (Photo: VNA) 
