Forestry is now the only sector capable of achieving net negative emissions, thanks to the Government's forestry development policies, including the closure of natural forests, forest protection and development, coupled with international sponsorship, said Director of the Forestry Department Tran Quang Bao.
Just as the forestry sector has tapped into the carbon credit market, the aquaculture sector, particularly seaweed farming, is emerging as a promising avenue with the potential to store up to 1,500 tonnes of greenhouse gas per square kilometre.
The forestry sector is set to harvest 17.5 billion USD from exports and 23 million m3 of wood from planted forests in 2024, Trieu Van Luc, Deputy Director of the Forestry Department under the Ministry of Agriculture and Rural Development, has unveiled.
The Department of Agriculture and Rural Development of the Central Highlands province of Kon Tum and the Department of Agriculture and Forestry of Laos’s Attapeu province on October 17 signed a memorandum of understanding (MoU) on cooperation in preventing violations in the forestry sector for 2024-2025.
Vietnam raked in an estimated 6.42 billion USD from forestry product exports in the first half of 2023, down 28.8% year on year, according to the Department of Forestry under the Ministry of Agriculture and Rural Development.
Vietnam’s forestry export value reached 15.87 billion USD in 2021, a year-on-year rise of 20 percent. The sector targets 16 billion USD in exports this year.
With its abundance of tropical forest resources, Vietnam is aiming to become one of the world's leading centres for the production, processing and trade of forest products.
The forestry sector targets the export value of timber and forest products to reach 14 billion in 2021, according to the Vietnam Administration of Forestry.
Scientific research and technology transfer for the forestry sector in the 2021-2030 period will focus on the hybridisation of new varieties, giving priority to planting high-yield, good-quality and pest-and-disease preventive capable tree varieties, said Deputy Minister of Agriculture and Rural Development Ha Cong Tuan.
Central highlands localities need to raise the sense of responsibility among forest owners and management units regarding forestry protection and development, Minister of Agriculture and Rural Development Nguyen Xuan Cuong said on June 22.
The forestry sector will strive to earn 12.5 billion USD from exports in 2020, up 10 percent year-on-year, said Deputy Director General of the Vietnam Administration of Forestry (VNFOREST) Pham Van Dien.
Forestry sector maintained a high growth of over 5 percent this year, with forestry product export reaching 11.3 billion USD, up nearly 20 percent from 2018.
The forestry sector expects to earn an estimated 11.3 billion USD from exports this year, a year-on-year rise of 20 percent, according to Deputy Minister of Agriculture and Rural Development Ha Cong Tuan.
Deputy Prime Minister Trinh Dinh Dung has ordered tightening the control of changes in the use of forests while strictly enforcing the closure of natural forests at a conference of the steering committee for sustainable development of the forestry sector.
The forestry sector will support the issuance of sustainable forest management certificates on an area of 100,000ha per year as part of efforts to ensure that Vietnamese wood products satisfy all international requirements as the country joins free trade agreements.
Forestry posted the highest trade surplus, at 3.23 billion USD, amongst agricultural sectors in the first half of 2018, according to the Vietnam Administration of Forestry (VNForest).
The forestry sector earned 4.15 billion USD from exports in the first six months of the year, accounting for 46 percent of the yearly plan and up nearly 8.4 percent year on year.
Provinces and cities need to provide consultancy and assistance for cooperatives, cooperative groups and households to develop and manage forests effectively and sustainably in 2018
The forestry sector aims for at least 7.5 billion USD in export turnover and a 6.6 percent increase in production value in 2017, said Deputy Minister of Agriculture and Rural Development Ha Cong Tuan.
