Guidance on Determining Forest Price Framework according to New Regulations

12:24, 11/07/2024

Circular 32/2018/TT-BNNPTNT has been issued by the Ministry of Agriculture and Rural Development, stipulating the methods for forest valuation and the framework for forest prices. This document amends and supplements Joint Circular 17/2015/TTLT-BNNPTNT-BTC.

According to the new regulations, the determination of the forest price framework is carried out as follows:

1. The forest price framework stipulates the minimum and maximum prices for different types of forests, serving as a basis for the construction of the price table for various forests in specific localities.

2. The minimum and maximum prices for natural forests are determined as follows:

- The minimum price for natural forests is based on the price of standing trees and the minimum forest use rights value;- The maximum price for natural forests is based on the price of standing trees and the maximum forest use rights value.

3. The minimum and maximum prices for planted forests are determined as follows:

- The minimum price for planted forests is based on the total maximum invested cost for forest creation and the projected minimum income from the forest area;- The maximum price for planted forests is based on the total minimum invested cost for forest creation and the projected maximum income from the forest area.

More details can be found in Circular 32/2018/TT-BNNPTNT effective from January 1, 2019.

- Thanh Lam -

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