Vietnam adjusts forestry planning to target 4 trillion VND in forest environmental services

Vietnam has adjusted its forestry planning for the 2021–2030 period, with a vision extending to 2050. Under Decision No. 2018/QD-TTg, the government aims to generate an average of 4 trillion VND annually from forest environmental services between 2026 and 2030.

The updated plan emphasizes the effective implementation of policies regarding forest environmental services, including carbon absorption and storage services. It also focuses on developing the forest carbon credit market and researching ways to expand the types of services and eligible payees.

These financial resources are intended to support the management, protection, and quality improvement of forests. The policy aims to provide continuous funding for essential activities such as monitoring forest status, preventing illegal encroachment, and managing fire prevention and control.