On August 23, 2016, the Government issued the Decree No. 119/2016/ND-CP on policies on sustainable management, protection and development of coastal forests to cope with climate change. This Decree takes effect on October 10, 2016.
Organizations, enterprises, households and individuals making investment in protection, development and use of coastal forests shall receive benefits from products generated from the investment; Develop trademarks of products originated from coastal forests and coastal forest ecosystems; Receive compensation for working or investment results as referred by laws when the Government makes decision on withdrawal of forests.
Besides, administrative expenditures on contracted forest protection and regeneration of coastal natural forests shall be derived from the central-government budget. The support rate for contracted protection of coastal forests shall be equal to 1.5 times the average support for contracted protection of protective forests in accordance with current regulations. The expenditure level for regeneration of natural forests is 4 million VND/hectare for 5 years (average amount is VND 800,000/hectare/year). The expenditure level on preparing documents of contracting for forest protection and regeneration of natural forests shall be VND 50,000/hectare and applied in the first year to forest area requiring protection on contractual basis.
