Vietnam Deputy PM Approves Project to Develop Forest Ecosystem Values
Vietnamese Deputy Prime Minister Tran Luu Quang approved a project on developing multi-use values of the forest ecosystem to 2030, with a vision to 2050, on February 29, local media reported.
The project aims to improve the efficiency of management and sustainable use of forest resources as well as create jobs, increase incomes, and improve the lives of ethnic minorities, mountainous people, forestry workers, and near-forest residents, contributing to socio-economic development, conservation of natural resources and biodiversity, environmental protection, and climate change adaptation.
The project targets the output of domestically-exploited wood materials to meet at least 80% of the raw material demand for this industry by 2030 and 100% by 2050; and 100% of wood and wooden products having legal origins to meet the requirements of the export markets and domestic consumption.
Other goals include the value of processed non-wood forest products and medicinal herbs by 2030 to increase by 1.5 times compared to 2020 and double by 2050; and the export value of non-timber forest products and medicinal herbs produced under forest canopy to account for 10%-15% of the total value of forestry product exports by 2030 and 25% by 2050.