Adjusted Forest Price Framework if Fluctuations Exceed 20%

12:40, 11/07/2024

This is a notable content stipulated in Circular 32/2018/TT-BNNPTNT regulating the method for forest valuation and the framework for forest prices.

In cases where forest prices fluctuate by more than 20% compared to the current regulated prices and for a continuous period of 06 months, an adjustment must be considered.

The adjustment of the forest price framework falls under the authority of the Provincial People's Committee if it deems that there are factors affecting the formation of forest prices. The Provincial People's Committee is also the competent authority to issue price frameworks for each type of forest within the province's scope.

The forest price framework is determined using general valuation methods for special-use forests, protective forests, and production forests owned by the people according to the provisions of Circular 32/2018/TT-BTNMT and related regulations.

More details can be found in Circular 32/2018/TT-BTNMT which took effect on January 01, 2019.

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