ADVANCE PAYMENT FOR FOREST ENVIRONMENTAL SERVICES IN DA RIVER BASIN

December 6, 2021

Forest owners within Da River basin have received an advance payment of over VND 74 billion (US$3.2 billion) from Dien Bien Provincial Forest Protection and Development Fund in phase 1 and 2 in 2021.

An officer of Dien Bien Provincial Forest Protection and Development Fund checked and verified the changes in the forest area in the first 6 months of the year to serve as a basis for an advance payment in 2021. Photo: Hong Ngoc.

Specifically, 757 forest owners were pre-paid from November 15-30, 2021, which aims to strengthen the policy of payment for forest environmental services offered within the area.

Among the advance recipients are 5 organisations, 421 communities and 331 households.

The area eligible for advance payment of VND74.4 billion in 2021 is over 186ha. The remaining amount of forest environmental services will be paid to forest owners in the second quarter of 2022 according to regulations by the Fund.

*The Fund for Forest Protection and Development of Dien Bien province uses the map to show changes in forest areas to forest owners. Photo: Hong Ngoc.*

Dang Thi Thu Hien, Director of the Dien Bien Provincial Forest Protection and Development Fund said that the advance payment followed Decision No. 02/QD-UBND dated January 4, 2021 of the People's Committee of Dien Bien province. Accordingly, the rate of advance payment for forest environment services to forest owners in Dien Bien province in the Da river basin was from 1 to 2 times.

Because the time for the second advance of forest environmental services in 2021 for forest owners in the Da River basin is close to the Lunar New Year, the Forest Protection and Development Fund of Dien Bien Province only made a one-time advance with unit price 400,000 VND/ha, 100% of which was made via bank account.

The advance money is expected to present forest protectors with a happier Lunar New Year in the context of the current complicated situation of the Covid-19 pandemic.

Source: nongnghiep.vn

Author: Nguyen Minh Hong Ngoc

Translated by Phuong Ha

Related news

Growing organic oranges is difficult to do but the price is twice as high

Tuyen Quang In this year's orange crop, organic orange growers in Ham Yen district (Tuyen Quang) earned hundreds of millions of dong in profit because oranges were well priced and accepted by the demanding market.

November 24, 2022
Heighten Vietnam - USA cooperation relationship through agriculture

(VAN) Through 8 proposals to the new US Agricultural Counselor, Deputy Minister Nguyen Hoang Hiep hoped that trade between the two countries would soon regain its growth momentum.

November 23, 2022
World wheat prices soar, India seizes export opportunities

India completed deals to export half a million tonnes of wheat in recent days and is expected to sign more contracts to take advantage of record-high global prices.

November 22, 2022