Country Forest Note : Vietnam
This Country Forest Note (CFN) provides an upstream analysis of the status of forests and of investments and policies relevant to the forest sector in Vietnam. It looks at forests in a programmatic and cross-sectoral manner to strategically positio...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/544891570456214844/Vietnam-Country-Forest-Note http://hdl.handle.net/10986/32550 |
| Summary: | This Country Forest Note (CFN) provides
an upstream analysis of the status of forests and of
investments and policies relevant to the forest sector in
Vietnam. It looks at forests in a programmatic and
cross-sectoral manner to strategically position the World
Bank Group (WBG) to support the country in delivering on
forest smart interventions. More specifically, it outlines
current trends and challenges in the forest and land use
sectors; builds on the ongoing dialogue and reviews past
investments; identifies major challenges and investment and
policy gaps; and makes recommendations on key policy changes
and sectoral investments needed. The forest sector
contributes significantly to the country’s economy. The
export of wood and timber products amounted to $8 billion in
2017, nearly 4 percent of gross domestic product (GDP).
Vietnam is also one of the world’s leading countries in
operationalizing a payment for forest environmental services
(PFES) system. In addition, the forest provides a myriad of
goods and services that support local livelihoods and the
economy as a whole. Given the topography of the country,
forests play a particularly critical role in watershed and
coastal protection. Despite great economic progress and
decreasing deforestation rates, the forest sector faces
challenges from competing land uses, overexploitation of
resources, mounting risks of supply shortages, and
insufficient capacity for forest governance and management.
As a result, deforestation and forest degradation rates
continue in parts of the country, such as the Central
Highlands, and the overall quality of the natural forest
continues its downward trend. While two-thirds of Vietnam’s
natural forests are deemed in poor condition or
regenerating, rich and closed-canopy forest constitutes only
five percent of the total. There is also the growing threat
from climate change, in particular to the country’s
mangroves. This report presents some of the major trends and
challenges facing forests in Vietnam and highlights
recommendations to meet its forest-related national targets,
sustain its economic growth, and alleviate poverty. The CFN
highlights key areas where Vietnam could benefit from
further support from the WBG and other partners, based on
their comparative advantages and ongoing partnership. |
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