US$91.26Mln Okayed for Central Highlands Forestry Project
A feasibility study for a USUS$91.26 million project to develop forestry in the central and central highlands regions has already received approval from the Deputy Minister of Agriculture and Rural Development Hua Duc Nhi.
The beneficiaries are Daklak, Dak Nong, Gia Lai, Kontum, and Lam Dong provinces in the central highlands, and Phu Yen in the central region.
Slated for operation between now and 2014, the project is aimed at helping address the problems of forest loss and degradation as well as rural poverty in 60 upland hamlets, by involving over 80,000 of the country’s poorest households in sustainable forestry.
The project will establish sustainable forest management over one third of the country’s natural forest area, with timber stocks valued at about USUS$4.4 billion.
The central highlands region currently contributes more than 60 per cent of the country’s annual hardwood consumption. However, the region, home to at least five million people, is the second poorest in the country. (Labor)
Vietnamese
