Vietnam approves sustainable forestry development programme by 2025

August 06, 2021 | 18:01

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The Vietnamese government on August 5 issued Resolution No.84/NQ-CP approving the programme on sustainable forestry development in 2021-2025.

Vietnam approves sustainable forestry development programme by 2025

The programme will promote the operation of high-tech forestry co-operatives

The total capital for the programme is estimated at VND78.85 trillion ($3.43 billion), VND13.72 trillion ($596.5 million) of which comes from the state budget.

Under the programme, the forestry industry will be modernised towards sustainable forest development, forest protection, processing and trade, thus contributing to creating jobs, protecting the ecosystem, eco-diversity, increasing climate change mitigation and adaption, and protecting national defence and security.

The programme will focus on protecting the existing forest coverage in a sustainable manner and developing new areas in 2021-2025; strictly managing the transfer of forest use into other purposes, maintainng stably the national forest coverage at 42 per cent; while increasing productivity and forest quality to meet demands of materials for production and protection and environment protection, and to preserving biodiversity.

The programme specifically aims to increase the growth rate of forestry production value by 5.0-5.5 per cent annually and the export of woodwork and other related to about $20 billion in 2025, while increasing deep processing and export of high-value woodwork and forest products.

The country will support woodwork and forest product processing activities in line with the policies on encouraging businesses to invest in rural development and prevailing rules.