Vietnam to collect over US$100 mln from forest environment services in 2018

Vietnam is forecast to collect approximately VND2.5 trillion (US$106.4 million) from payments of forest environmental services in 2018, Deputy Minister of Agriculture and Rural Development Ha Cong Tuan has said.

vietnam to collect over us$100 mln from forest environment services in 2018 hinh 0

Tuan made the statement at a conference to review the 10-year operation of the Vietnam Forest Protection and Development Fund (VNFF), which was jointly held by the Vietnam Administration of Forestry, the VNFF, and the German Development Cooperation Agency (GIZ) in Hanoi on October 19.

Tuan said that during the reviewed period, the fund mobilizes an average of over VND1.3 trillion (US$55.3 million) a year from forest environment service fees.

The money has helped to manage and protect more than 5 million ha of forest each year, accounting for 42% of the total, he stated, adding that it also makes up 16-18% of investment in the entire forestry sector.

In addition, the fund also supports forestry companies to stop exploiting natural wood and provides assistance for over 410,000 households, mainly belonging to ethnic minority groups, to help them improve their living conditions, Tuan said.

On January 14, 2008, the Government issued a decree on the establishment of the Vietnam Forest Protection and Development Fund with the aim to mobilise and receive non-budget resources to manage, protect, and develop forested land.

VNA

Other News

Vietnam steps up implementation of ethnic affairs strategy through 2030

Vietnam steps up implementation of ethnic affairs strategy through 2030

To accelerate the implementation of the the Ethnic Affairs Strategy by 2030, with a vision toward 2045, the Prime Minister requested ministries, agencies and local authorities to continue thoroughly carrying out the Party and State’s policies on ethnic affairs, enhancing the effectiveness of State management and strengthening oversight of policy implementation.

Security preparations reviewed for APEC 2027 in Phu Quoc

Security preparations reviewed for APEC 2027 in Phu Quoc

The team examined the APEC 2027 Convention Centre, where main conference activities are scheduled; Sun Serenia Hospital, designated to provide healthcare and emergency medical services for delegates; provincial road DT.975, which connects Phu Quoc International Airport to the convention centre; and the area surrounding Phu Quoc International Airport.

Hanoi accelerates seven Red River bridge projects, many exceed 70% completion

Hanoi accelerates seven Red River bridge projects, many exceed 70% completion

According to the municipal Transport Construction Investment Project Management Board, the city is simultaneously implementing seven projects, namely Tu Lien, Ngoc Hoi, Tran Hung Dao, Thuong Cat, Van Phuc, Hong Ha and Me So bridges. Construction is being carried out on multiple fronts, focusing on bored piles, pile caps, piers and superstructure works.

Dien Bien battlefield legacy powers tourism revival

Dien Bien battlefield legacy powers tourism revival

Seventy-two years after the Dien Bien Phu Victory, its legacy still reverberates. The unity, self-reliance, and resilience forged in that historic triumph remain a powerful internal engine, now propelling Dien Bien toward fast and sustainable development.

Hanoi accelerates shift to green buses, targets 100% by 2030

Hanoi accelerates shift to green buses, targets 100% by 2030

In the 2027–2030 period, the city will accelerate the transition towards the complete phase-out of fossil fuel-powered buses. The share of electric and green energy-fueled buses is projected to reach 79–89% by 2029 and 100% by 2030.

36 fishermen safely rescued after boat breaks down near Truong Sa

36 fishermen safely rescued after boat breaks down near Truong Sa

At 8:00 the same day, KN475 began towing the disabled fishing boat toward Da Tay A island. The towing operation was carried out safely, and by 18:30 both the vessel and its crew had arrived at the island without incident, where repairs and additional support procedures were arranged.

Vietnamese language contest in Laos strengthens youth ties, bilateral friendship

Vietnamese language contest in Laos strengthens youth ties, bilateral friendship

Held in response to the launch of the Vietnamese Language Day among overseas Vietnamese communities, the event aimed to enhance the quality of Vietnamese language teaching and learning in Laos while contributing to the great friendship, special solidarity, comprehensive cooperation and strategic cohesion between the two countries.

Vietnamese language contest in Laos strengthens youth ties, bilateral friendship

Vietnamese language contest in Laos strengthens youth ties, bilateral friendship

Held in response to the launch of the Vietnamese Language Day among overseas Vietnamese communities, the event aimed to enhance the quality of Vietnamese language teaching and learning in Laos while contributing to the great friendship, special solidarity, comprehensive cooperation and strategic cohesion between the two countries.

Hanoi launches 10 electric bus routes from April 1

Hanoi launches 10 electric bus routes from April 1

By the end of April, the number of buses using electricity and other green energy sources in the city is expected to reach 822, including 683 electric buses and 139 compressed natural gas (CNG) buses, representing 42.1% of the total number of vehicles.