By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
NetZero.VN - Net Zero Viet NamNetZero.VN - Net Zero Viet NamNetZero.VN - Net Zero Viet Nam
  • English
    • Tiếng Việt
  • Home
  • News / Events
    • Events
    • Cà phê Net Zero
    • Net Zero Talks
  • Opinion
  • Projects
  • Forums
  • Topics
    • Agriculture – Forestry
    • Construction & Transport
    • Culture, Sports, Tourism
    • Education & Communication
    • Energy
    • Finance
    • Industry
    • Policies
    • Resources & Environment
    • Science & Technology
    • Sustainable Development
  • Multimedia
    • Podcast
    • Videos
    MultimediaShow More
    [HTV] Net Zero Through Heritage
    NetZero.VN 11/03/2025
    Carbon credit market: New opportunities for Vietnamese businesses
    Vietnam News Agency 29/05/2024
    Vietnam works to prevent biodiversity degradation
    Vietnam News Agency 16/04/2024
    Vietnam develops offshore hydrogen production
    Vietnam News Agency 10/03/2024
    Green energy – A trend in sustainable development
    Vietnam News Agency 07/01/2024
  • Resources
    • Legal documents
    • Presentations
    • Publications
    • Reports
Notification Show More
Font ResizerAa
NetZero.VN - Net Zero Viet NamNetZero.VN - Net Zero Viet Nam
Font ResizerAa
  • English
    • Tiếng Việt
  • Home
  • News / Events
    • Events
    • Cà phê Net Zero
    • Net Zero Talks
  • Opinion
  • Projects
  • Forums
  • Topics
    • Agriculture – Forestry
    • Construction & Transport
    • Culture, Sports, Tourism
    • Education & Communication
    • Energy
    • Finance
    • Industry
    • Policies
    • Resources & Environment
    • Science & Technology
    • Sustainable Development
  • Multimedia
    • Podcast
    • Videos
  • Resources
    • Legal documents
    • Presentations
    • Publications
    • Reports
Follow US
© 2023-2025 NetZero.VN | Net Zero VietNam JSC. All Rights Reserved.
NetZero.VN - Net Zero Viet Nam > Topics > Agriculture - Forestry > Forestry strategy increases production value by 4.6% per year
Agriculture - ForestryEventsPolicies

Forestry strategy increases production value by 4.6% per year

Wood and forest product export value has been on the rise, reaching a yearly average of US$15.8 billion.

NetZero.VN 28/02/2024
SHARE
Workers harvest acacia wood in the southern province of Cà Mau. (Photo: Huỳnh Anh, VNA/VNS)

The forestry sector has seen steady growth of 4.6 per cent per year thanks to a shift in structure, while more than 260,000 hectares of forest are planted every year, according to the Department of Forestry.

In a seminar on Tuesday discussing solutions to implement the development strategies for Việt Nam’s forestry in the new context, the department’s deputy director Triệu Văn Lực reported that the sector had seen improvements in its economic, welfare and environmental aspects.

The legal frameworks and policies on forest management, protection and development as well as forestry production were implemented comprehensively, he said.

The quality and productivity of forest planting had increased, providing more than 70 per cent of raw materials for forest product processing for exports and domestic consumption.

Wood and forest product export value had been on the rise, reaching a yearly average of US$15.8 billion with a high trade surplus ratio.

Revenue from forest environmental services totalled VNĐ3.65 trillion ($148 million) per year on average.

In 2023, this figure was VNĐ4.13 trillion ($167.5 million), of which VNĐ997 billion ($40.4 million) came from carbon absorption and storage.

This had helped reduce the pressure on the state budget, covering the protection expenses for around 7.3 million hectares of forest.

Deputies attending the seminar Tuesday included government officials and representatives from businesses, forests and national parks, as well as NGOs in Việt Nam. (Photo: Vietnam Economic News)

According to reports presented at the seminar, the forestry sector directly employs around five million workers.

Forest protection policies include assigning different areas of the woods to local households, individuals and communities, which provides them with stable incomes and better livelihoods, bolstering poverty reduction in rural and mountainous areas.

Forest coverage remains at 42.02 per cent, with strengthened management of natural forests, at which wood exploitation has been limited.

Forest protection and development has also seen positive developments that contribute to water and environmental security, global commitments on climate change, greenhouse gas reduction, green growth, circular economy and other sustainable development goals, according to the reports.

However, the implementation of the forestry development strategy still has many bottlenecks and challenges such as overlaps in the planning of land for usage and forest land (special-use forest, protected forest and production forest), according to the forestry department’s deputy director.

Lực added that the legislation, law implementation and planning for forestry was lagging behind actual demand.

The productivity and quality of planted forests remain modest, while there had been multiple challenges in growing special-use and protected forests, he said.

Meanwhile, financial support for forest development was very limited and largely failed to act as a motivation for the cause.

The development of the wood and forest product processing industry was not yet sustainable, with a majority of businesses being small to medium scale.

They also had limited capacity in terms of controlling the domestic market and branching out to foreign ones, while there is little connection for value chain-based cooperation.

Addressing the seminar, Deputy Minister of Agriculture and Rural Development Nguyễn Quốc Trị said that deputies should focus the discussion and analysis on the legal system and international commitments that affect the forestry sector, thereby bringing forward solutions and recommendations to improve strategy implementation in the new context.

(VNS)

TAGGED:forestry development strategy
SOURCES:Việt Nam News
Previous Article Vietnam gears up efforts to establish domestic carbon market
Next Article Đồng Nai Province proves to be magnet for waste-to-energy projects
Leave a review Leave a review

Leave a Review Cancel reply

You must be logged in to post a comment.

Latest
Airlines stick to net zero target despite green fuel doubts

The International Air Transport Association, which represents about 350 airlines, said hitting…

Vietnamese businesses go green: Keeping pace with technology, breaking through innovation

In the context of increasingly stringent global environmental standards, green transition is…

HCMC’s green index reveals mixed progress amidst national commitment

According to a recently released World Bank report, and reaffirming commitments made…

Logicross enters Vietnam with two modern and sustainable warehouses

What makes Logicross warehouse platform unique? As logistics demands grow more specialised,…

Proposal to build 2 renewable energy centers

On May 30, 2025, the Ministry of Industry and Trade issued Decision…

Switzerland pledges $50 million to support Vietnam’s sustainable development

The Swiss State Secretariat for Economic Affairs (SECO) will allocate a budget…

The key to paving the way for Vietnam’s renewable energy breakthrough

Completing policy mechanisms to mobilize resources for renewable energy Exchanging at the…

AFD and EVNNPT sign $75 million financing deal to enhance transmission grid

The agreement was signed by Rémy Rioux, general director of AFD, and…

Green finance criteria needed to hit net-zero goal

As green finance plays a key role in green growth, Việt Nam…

Bình Dương charts new path with green, digital and innovative industrial model

After nearly three decades leading Việt Nam’s industrial development, the southern province…

Facebook Instagram Linkedin Twitter Youtube
NETZERO.VN
  • About us
  • Our team
  • Strategic Partners
  • Contact
Infomation
  • Forums
  • Multimedia
  • Recruitment

Sign up for free

Subscribe to our newsletter

Join the community
© 2025 NetZero.VN | Net Zero VietNam JSC. All Rights Reserved.
Welcome Back!

Sign in to your account