National forest service payment mechanism generates 120 million USD annually
The Payment for Forest Environmental Services (PFES) system implemented at national scale under an USAID project now generates approximately 120 million USD annually to finance the management of approximately 6 million hectares of Vietnam’s forests.
The figures were released at an Earth Day event held in the Central Highlands province of Lam Dong’s Da Lat city on April 22 to mark the completion of the United States Agency for International Development (USAID)’s Vietnam Forests and Deltas project.
The 31.4 million USD climate change programme was implemented by Winrock International from 2012-2021 to support Vietnam’s transition to climate resilient, low-emission sustainable development.
Over its more than eight years of implementation at the national level and in the provinces of Quang Ninh, Nam Dinh, Son La, Thanh Hoa, Nghe An, Lam Dong and Long An, the project supported the Ministry of Agriculture and Rural Development to successfully implement the PFES system at the national scale. The PFES has contributed to increasing incomes and living standards for hundreds of thousands of people living in the mountainous areas who receive payments to help protect forests.
VNA
