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Please Sign in your LuatVietnam account and sign up for the lookup software .| Issuing bodies: | Prime Minister | Effective date: | |
| Official number: | 523/QD-TTg | Signer: | Nguyen Xuan Phuc |
| Legislation Type: | Decision | Expired date: | Updating |
| Issuing date: | 01/04/2021 | Effect: | |
| Fields: | Agriculture - Forestry , Policy |
The value of incomes earned from production forests will increase 1.5 times by 2025
On April 01, 2021, the Prime Minister issues the Decision No. 523/QD-TTg approving Vietnam’s forestry development strategy for the 2021-2030 period, with a vision toward 2050.
The strategy sets out the targets as follows: The growth rate of forestry production value will be 5% to 5.5%/year; Planting of production forests will be about 340,000 ha/year by 2030; The value of incomes earned from production forests will increase 1.5 times by 2025 and twice per area unit by 2030, as compared to 2020; By 2025, the average income of ethnic minority people working in forestry will increase more than twice compared to 2020, etc.
Besides, the strategy also provides the following solutions: Striving to lift the contribution of science and technology to the growth value of the forestry sector to 30%; Building of synchronous forestry infrastructure, modernization of the forestry sector and logistics services; Developing forms of linkage between economic sectors, cooperative economy and sharing economy in forestry; Developing diversified production and business activities, linking afforestation with forest product processing industry and trading in the value chain, etc.
This Decision takes effect on the date of signing.
For further details of the Decision 523/QD-TTg, Click here
