# Key Objectives of Vietnam’s National Forestry Planning for 2021-2030

- Link: https://www.thailand-business-news.com/asean/vietnam/160647-key-objectives-of-vietnams-national-forestry-planning-for-2021-2030
- Published: 2024-09-07T08:11:00+07:00
- Author: ASEAN Briefing

**Vietnam’s 2021-2030 National Forestry Development Planning aims for sustainable
forestry, maintaining 42-43% forest cover, boosting economic contributions, and 
enhancing forest quality, with estimated investments of $8.73 billion.**

---

## Key Points

 * **Vietnam’s 2021-2030 National Forestry Development Planning** aims for sustainable
   forestry by improving forest quality and maintaining a cover rate of 42-43%. 
   The government plans to increase forestry production value by 5-5.5% annually,
   promoting economic contributions and social participation.
 * **Specific Objectives** include restoring natural forests, expanding certified
   forest areas, enhancing the income from production plantations, and boosting 
   environmental service revenues, all supported by substantial investment.
 * **Investment Opportunities** arise from this updated plan, focusing on sustainable
   forest management and wood processing. Vietnam targets $25 billion in wood exports
   by 2030, making it an attractive market for investors.

Vietnam’s 2021-2030 National Forestry Development Planning, approved under Decision
895/QD-TTg by the Prime Minister, marks a significant leap towards sustainable forestry
management. The plan is pivotal in promoting the economic viability of the forestry
sector while ensuring environmental protection, targeting a national forest cover
rate between 42-43%. This roadmap not only aims to enhance forest quality but also
seeks the active participation of various stakeholders in the sector’s transformation.

ADVERTISEMENT

A critical component of the plan involves a substantial financial commitment, estimated
at approximately US$8.73 billion by 2030, with US$4.29 billion earmarked for the
initial five years. The strategic objectives underpinning this initiative include
maintaining and improving the existing forest area, achieving an average annual 
growth rate of 5-5.5% in forestry production value, and significantly boosting wood
export values to US$25 billion by 2030. Notably, domestic demand for wood products
is also projected to rise, establishing a robust market for the forestry industry.

The plan delineates specific targets such as expanding special-use forest areas 
with annual restoration of natural forests and achieving sustainable forestry certifications
for over one million hectares. Additionally, financial gains from production forest
plantations are anticipated to rise significantly, aiming for a 1.5 times increase
by 2025 and a doubling effect by 2030.

In a further commitment to responsible forestry, the plan envisions the establishment
of an international timber trade center within high-tech forestry zones, enhancing
Vietnam’s position in the global timber market. This initiative is supported by 
investments in modern technologies, workforce development, and infrastructure to
bolster forest fire prevention efforts.

### Related**Posts**

###  󠀁[Thailand Business News — Morning Briefing](https://www.thailand-business-news.com/banking/337929-thailand-business-news-morning-briefing-5)󠁿

###  󠀁[ASEAN’s Digital Economy Framework Agreement (DEFA): Key Insights for Foreign Businesses](https://www.thailand-business-news.com/asean/335623-aseans-digital-economy-framework-agreement-defa-key-insights-for-foreign-businesses)󠁿

###  󠀁[Why Generative Engine Optimisation (GEO) matters for the ASEAN market](https://www.thailand-business-news.com/asean/332123-why-generative-engine-optimisation-geo-matters-for-the-asean-market)󠁿

###  󠀁[Can Vietnam Sustain Double-Digit Growth?](https://www.thailand-business-news.com/asean/vietnam/332344-can-vietnam-sustain-double-digit-growth)󠁿

In summary, Vietnam’s updated National Forestry Development Planning underscores
a strong dedication to sustainable forestry practices while enhancing economic outputs
from the sector. This framework not only aims to rectify past challenges associated
with forest management but also presents lucrative opportunities for local and international
investors, making it a key pillar for Vietnam’s economic and environmental future.

---

  |  This article was first published by _[Vietnam Briefing](https://www.vietnam-briefing.com) _, which is produced by [Dezan Shira & Associates](https://www.dezshira.com/). The firm assists foreign investors throughout Asia from offices [across the world](https://www.dezshira.com/office), including in in [China](https://www.dezshira.com/office/china), [Hong Kong](https://www.dezshira.com/office/hong-kong.html), [Vietnam](https://www.dezshira.com/office/vietnam), [Singapore](https://www.dezshira.com/office/singapore.html), and [India](https://www.dezshira.com/office/india) . Readers may write to [info@dezshira.com](https://www.thailand-business-news.com/asean/vietnam/info@dezshira.com) for more support. |

---

**Read the original article :** [Vietnam’s 2021-2030 National Forestry Planning: Key Objectives ](https://www.vietnam-briefing.com/news/vietnams-2021-2030-national-forestry-planning-key-objectives-and-implications.html/?rand=160085)