Procedure for Valuation of Planted Forests

12:24, 11/07/2024

The Ministry of Agriculture and Rural Development recently issued Circular 32/2018/TT-BNNPTNT stipulating the method of forest valuation; forest price framework.

According to the provisions of Circular 32, the valuation of planted forests is carried out in 06 steps, specifically:

- Surveying, collecting, and summarizing information about the current state of the forest, structures, and infrastructure associated with the purpose of protecting and developing the forest at the time of valuation.- Collecting and summarizing data on reasonable costs invested in forest creation from the time of investment to the time of valuation.- Determining the expected income sources of the planted forest at the time of valuation.- Determining the average interest rate for 01-year term savings deposits at commercial banks in the locality at the time of valuation.- Determining the corresponding interest rates with bank deposit interest for the investment costs during the period from the time of investment to the time of valuation.- Determining the value of the planted forest based on the information collected, summarized, and analyzed according to the valuation sequence.

More details can be found in Circular 32/2018/TT-BNNPTNT, effective from January 01, 2019.

- Thanh Lam -

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