Funding amount for protection of protection forests in Vietnam from July 15, 2024

The funding amount for protection of protection forests in Vietnam from July 15, 2024

The entities eligible for receiving funding for protection of protection forests in Vietnam include:

(1) Management board of protection forest;

(2) Management board of special-use forest;

(3) State-owned enterprises;

(4) Households, individuals, and local communities;

(5) People's Committees of communes managing forest that has not been delegated or leased;

(6) Other entities according to Clause 3, Clause 4 Article 8 of  Forestry Law 2017.

The funding amount for protection of protection forests allocated to the above entities are defined as follows:

(i)  Entities under (1) are eligible for an average forest protection funding of 500.000 VND/ha/year from the Government over total special-use forest that they are assigned to, in addition to recurrent professional expenditure for operation of forest management board.

(ii) Entities under (2) are eligible for forest protection funding from the Government in accordance with Point a Clause 2 Article 5 hereof.

(iii) Entities under Points (3), (4), and (6) are eligible for forest protection funding from the Government in accordance with Point b Clause 2 Article 5 hereof.

(iv) Recipients under (5) are eligible for an average forest protection funding of 150.000 VND/ha/year from the Government over total forest area that they are assigned.

(v) Forest protection expenditure in zone II, zone III communes equals 1,2 times the average amount; forest protection expenditure in coastal land equals 1,5 times the average amount under (i), (ii), (iii) and (iv).

(vi) Expenditure on producing initial dossiers on forest protection for entities under (4) is 50.000 VND/ha; expenditure on managing, inspecting, commissioning and acceptance testing is 7% of total annual expenditure on forest protection.

More details can be found in Decree 58/2024/ND-CP effective from July 15, 2024.

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