Vietnam records progress in forestry development

Vietnam recorded average forestry production value growth of 6 percent per year, nearly doubling the target of the national forestry development strategy following 10 years of implementation.
Vietnam records progress in forestry development ảnh 1Vietnam recorded average forestry production value growth of 6 percent per year (Photo: VNA)

Hanoi (VNA) – Vietnam recorded average forestryproduction value growth of 6 percent per year, nearly doubling the target ofthe national forestry development strategy following 10 years of implementation.

Under the strategy for the 2006-20 period, the figure isexpected to reach 3.5-4 percent by 2020, the Ministry of Agriculture and RuralDevelopment reported.

Forestry export value also rapidly increased, almosttripling after 10 years, from 2.18 billion USD in 2006 to 7.3 billion USD in2016. It is expected to reach 8 billion USD - 8.5 billion USD by 2020, higherthan the target of 7 billion USD by that year.

Forest plantation was also actively implemented during the10-year period, with some 225,000ha of forest planted each year.

Forest protection and fire prevention tasks also recordedpositive progress with the area of damaged forest dropping from over 5.500haper year during the 2006-10 period to nearly 3,000ha per year during the 2011-16period.

The quantity of wood exploited from planted forestsincreased five times, from 3.2 million cu.m of wood per year in 2006 to 17million cu.m in 2016.

The payment for forest environmental services has become animportant source of finance to help improve the efficiency of forestprotection, management and development, and contribute to reducing the burdenfor the State budget. The country collected some 1.3 trillion VND (57.7 millionUSD) worth of forest environmental services each year during the period.

However, shortcomings remain, such as illegal deforestation,illegal exploitation of forest for valuable timber and the wrong use of forestland, according to the ministry. Although the rate of forest coverageincreased, the quality and biodiversity of natural forests continued todecline.

The scale of forestry production was still small, whiletechnology and administration of small-and medium-enterprises wereunderdeveloped, leading to low productivity.-VNA
VNA

See more

A vessel docks at Hai Phong Port ready to be loaded with containers. (Photo: VNA/VNS)

Vietnam's port firms thrive in 2024

According to the Vietnam Maritime Administration, the total cargo volume through the nation's port system reached approximately 864.4 million tonnes, up 14% year-on-year. Container throughput was estimated at 29.9 million TEUs, reflecting a 21% rise.

THACO Chairman Tran Ba Duong (Photo: VNA)

THACO targets sales of over 100,000 vehicles in 2025

In 2025, THACO will continue to expand the scale of investment in all six key production and business sectors including automotive, agriculture, mechanical engineering and supporting industries, investment - construction, trade – services, and logistics.

Nearly 1 million workers of more than 12,600 businesses with trade trade unions in Ho Chi Minh City have returned to work following the nine-day Lunar New Year (Tet) holiday. (Photo: VNA)

HCM City: Nearly 1 million workers back to work after Tet holiday

Nearly 1 million workers of more than 12,600 businesses with trade trade unions in Ho Chi Minh City have returned to work following the nine-day Lunar New Year (Tet) holiday, reaching 85.33% of their total workforce, according to the municipal Labour Federation.