Ninh Binh (VNA) – Vietnam has underscored the vital role of forests in driving sustainable economic growth as it joins global celebrations of the International Day of Forests, observed annually on March 21.
At a ceremony held in the northern province of Ninh Binh on March 18, the Food and Agriculture Organisation of the United Nations (FAO), in coordination with the Forestry and Forest Protection Department under the Ministry of Agriculture and Environment, highlighted this year’s global theme, “Forests and Economies.”
Speakers stressed that forests are not only ecosystems but also economic drivers, cultural foundations, climate shields and sources of livelihoods, health and well-being.
According to Director of the Forestry and Forest Protection Department Tran Quang Bao, forests hold a strategic position in Vietnam’s development. They provide livelihoods for millions of people, particularly ethnic minorities and communities living in mountainous and forested areas, while contributing to environmental protection and disaster prevention.
Vietnam is recognised as one of Asia’s leading countries in forest restoration and sustainable forest management, maintaining a stable forest coverage rate of over 42%. Forests support agriculture, tourism and energy sectors, while ensuring water security and enhancing climate resilience.
Forest-based economic activities, including non-timber products, eco-tourism and forest environmental services, are increasingly developed along sustainable lines, creating new income streams for localities. Notably, the wood processing industry has become a key export sector, with forestry exports reaching over 18.3 billion USD in 2025 and generating a trade surplus exceeding 15 billion USD.
The country’s forest environmental services payment policy continues to mobilise significant financial resources each year for forest protection and development, while improving local livelihoods.
Vietnam is also tapping emerging opportunities such as carbon sequestration services, green economy models and forest-based tourism, in line with its transition towards sustainable growth.
FAO Representative in Vietnam Vinod Ahuja emphasised that investing in forests means investing in water security, climate resilience and long-term economic prosperity.
As part of the celebration, participants pledged commitments to forest protection and joined tree-planting activities, reinforcing Vietnam’s dedication to preserving forests for future generations./.
