Forestry sector falls behind in restructuring
To date, only 161 agricultural and forestry companies in Việt Nam have completed restructuring and reforms according to a government-approved plan.
Head of the Department of Agriculture and Rural Development under the Central Economic Commission, Vũ Mạnh Hùng, noted that 35 management entities oversee 169 originally State-owned forestry companies in the forestry sector. As of September 2024, only 115 of these companies had completed their restructuring and reforms, leaving 54 still in progress. He emphasised that the restructuring and reforming of forestry companies has helped address the issue of limited production land for residents, gradually reducing land disputes and complaints related to land, as well as social issues in local communities.
However, restructuring and reforming the operational model of forestry companies has been slow and has not met the required timeline. He cited numerous difficulties, as companies continued to operate under the old model, with production and business activities facing many challenges due to capital shortages and little progress in the application of science and technology.
