National forest service payment mechanism generates 120 million USD annually

The Payment for Forest Environmental Services (PFES) system implemented at national scale under an USAID project now generates approximately 120 million USD annually to finance the management of approximately 6 million hectares of Vietnam’s forests.

The figures were released at an Earth Day event held in the Central Highlands province of Lam Dong’s Da Lat city on April 22 to mark the completion of the United States Agency for International Development (USAID)’s Vietnam Forests and Deltas project.

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