Nearly VND2,850 billion provided for PFES
The programme of Payments for Forest Environmental Services (PFES) has provided funding totalling nearly VND2,850 billion to 34 provinces and cities in Vietnam over the past five years.
Addressing a February 27 conference on forest protection and development, Deputy Minister of Agriculture and Rural Development Ha Cong Tuan elaborated on the success of the programme, stating it has made significant contributions to sustainable forest development.
As many as 34 provinces and cities run programmes to improve forest quality and quantity in the 2009-2013 period, he reported.
Last year, PFES policy paid out VND1,068 billion. Of the figure, VND1,043 was allocated for hydro-electric power plants, and VND24 billion for clean water plants.
However, Tuan said, the programme still reveals shortcomings, including slow payment and slow disbursement of fees for forest environmental services.
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