Circular No. 20/2023/TT-BNNPTNT stipulates the method for valuing forests and provides guidance on the framework for forest prices in Vietnam, including specific guidelines for determining the value of natural and planted forests in various situations such as forest recovery, violations of the law causing damage to forests, forest fires, renting forests, contributing capital, state-owned enterprise shareholding reform, and divestment of state capital.

CIRCULAR

Article 24stipulates the method for valuing forests; guides the framework for forest valuation

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Pursuant to Decree No. 105/2022/NĐ-CP dated October 22, 2022 of the Government on the functions, tasks, powers, and organizational structure of the Ministry of Agriculture and Rural Development the 12 year Pursuant to the Forestry Law promulgated on December 15,;

2017;June 2024;energy 11 2017;

Pursuant to the Price Law promulgated on June 6, 2012; 19 theJune 2024;This Circular stipulates the method for valuing forests; guides the framework for valuing special-use forests, protective forests, and production forests under public ownership.

At the proposal of the Director of the Forest Management Department;

amending and supplementing certain provisions of Circular No. 22/2019/TT-BNNPTNT dated November 30, 2019 of the Minister of Agriculture and Rural Development guiding certain provisions of the Livestock Law on the management of breeds and breeding products of livestock. qstipulates the method for valuing forests; guides the framework for forest valuation.

PART I

GENERAL PROVISIONS

Article 1. Scope of Regulation

Article 1. This Circular applies to agencies, organizations, households, individuals, and community residents involved in the valuation of special-use forests, protective forests, and production forests under public ownership.

Article 2. Applicability

2. It is encouraged to apply the forest valuation methods prescribed in this Circular to value production forests that are planted forests owned by organizations, households, individuals, and community residents as stipulated in Clause 2, Article 7 of the Forestry Law.

The value of forest products

Article 3. Explanation of Terms

In this Circular, the following terms are understood as follows:

1. for calculating the value of forests under this Circular includes the value of timber, firewood, and non-timber forest products. Non-timber forest products for forest valuation include bamboo, rattan, reed, palm, and other non-timber forest products that can be identified. Logging site

2. is a place where forest products are gathered for transportation by motor vehicles or the most convenient means of transport. Environmental value of forests

3. includes ecological values of forests, including biodiversity, natural scenery, forest ecological functions such as land protection, water sources, nutrient cycles, carbon absorption and retention, and climate regulation. Article 4. Principles for valuing forests and setting the framework for forest valuation

1. Valuing forests and setting the framework for forest valuation shall comply with the provisions of Clause 12, Article 2, Clause 1, and Clause 2, Article 90 of the Forestry Law 2017; and Clause 1, Article 22 of the Price Law 2023.

2. Valuing forests and setting the framework for forest valuation must ensure suitability for each state of the forest and type of forest as specified in Section 2, Chapter II and Section 2, Chapter III of this Circular.

3. Setting the framework for forest valuation is based on local needs in forest management and the results of forest valuation; the framework for forest valuation is calculated according to district administrative units and equivalent units, and compiled for the entire province.

1. Results of surveys, inventories, and announcements of the current status of forests at the time closest to the valuation time approved by competent authorities.

2. Results of payments for forest environmental services in the last three years.

3. Financial reports of forest owners audited or approved by competent authorities.

4. Pricing tables for calculating resource taxes on natural forest products, sale prices of forest products in liquidation cases approved by competent authorities.

5. National standards for classifying wood; classification and evaluation of plantation forests after basic construction, natural forests after regeneration; regulations on surveys, inventories, monitoring changes in forests; approval files for design and budget estimates for afforestation projects, forest engineering works; files for allocating forests, leasing forests; sustainable forest management plans; and other related documents.

METHODS FOR VALUING SPECIAL-USE FORESTS, PROTECTIVE FORESTS

Chapter II

AND NATURAL PRODUCTION FORESTS

VALUATION METHOD

Section 1

VALUATION METHOD

Article 6. Value of Natural Forests

The value of natural forests (tn) is calculated in monetary terms for 01 hectare of forest (VND/hectare), including timber value (ls), forest use rights value, and forest environmental value (mt). The calculation formula is as follows:G_tn) is calculated in currency for 01 hectare of forest (VND/ha), including the value of forest products (G_ls), the value of forest land use rights (G_sd), and the value of forest environmental services (G_mt). The calculation formula is as follows:

G_tn = G_ls + G_sd + G_mt

Where:

G_ls where Vls is the timber value calculated in monetary terms for 01 hectare (VND/hectare) of the forest area to be appraised, determined according to the provisions of Article 7 of this Circular;

G_sd where Vfr is the forest use rights value calculated in monetary terms for 01 hectare of forest (VND/hectare) that the forest owner enjoys from the forest according to regulations during the period of allocating or leasing the forest, as of the appraisal date, determined according to the provisions of Article 8 of this Circular;

G_mt where Vmt is the forest environmental value calculated in monetary terms for 01 hectare of forest (VND/hectare) of the forest area based on timber value and coefficient K, determined according to the provisions of Article 9 of this Circular.

Article 7. Determining Timber Value

1. Collecting, compiling, and determining the total timber stock of the forest area to be appraised, including:

a) Surveying and collecting information on the area, timber volume, firewood, and non-timber forest products;

b) Determining the area, timber volume, firewood, and non-timber forest products according to the regulations of the Minister of Agriculture and Rural Development on forest surveys, inventories, and monitoring;

c) Compiling the timber volume by wood group and according to the national standard TCVN 12619-2:2019; the firewood and non-timber forest product volume of the forest area to be appraised, averaged for 01 hectare.

2. Determining the selling price of roundwood, firewood, and non-timber forest products at the delivery site, including:

a) Collecting and compiling information on the selling price of roundwood, firewood, and non-timber forest products in the appraisal area or adjacent areas; information on auctioned wood; regulations on the roundwood price for resource tax purposes;

b) Supplemental investigation and compilation of information in areas with forest harvesting and interviewing wood trading establishments and related parties;

c) Determining the selling price of roundwood by wood group, firewood, and non-timber forest products. In cases where the selling price of roundwood, firewood, and non-timber forest products at the delivery site cannot be determined, it shall be based on the roundwood, firewood, and non-timber forest product prices in nearby areas with similar characteristics and conditions or based on the current market transaction prices for wood, firewood, and non-timber forest products to make a decision.

3. Determining costs related to harvesting, transporting roundwood, firewood, and non-timber forest products from the forest to the delivery site, resource tax, and other reasonable costs, including:

a) Collecting and compiling information on standards for forest harvesting activities;

b) Collecting documents and records of forest harvesting cost calculations in the three years immediately preceding the appraisal date; regulations on resource tax, fees, and other related information;

c) Collecting information and interviewing related parties about harvesting, transporting, and other reasonable costs for roundwood, firewood, and non-timber forest products from the forest to the delivery site;

d) Determining the costs of harvesting, transporting roundwood, firewood, and non-timber forest products to the delivery site. In cases where there is no information on harvesting costs, estimating harvesting, transporting costs in places with similar harvesting conditions;

đ) Collecting and compiling information on resource taxes payable according to regulations.

4. Calculating Timber Value:

a) The timber value (ls) is calculated in monetary terms for 01 hectare (VND/hectare) of the forest area to be appraised using the following formula:G_ls where Vg is the volume of wood in the wood group (m

Where:

Briefly describe technical improvements, production processes, raw materials, designs; new technology applications such as automation, digitalization, clean technology; management, marketing, distribution solutions; products winning awards or certifications related to innovation…):…_gi is the roundwood price at the delivery site after deducting harvesting costs, taxes, and other costs of the wood group (VND/mi) of roundwood);³;

G_gi  is the number of wood groups classified according to applicable regulations;(i) is the firewood volume (m³ or ster);

n is the firewood selling price (VND/m

Briefly describe technical improvements, production processes, raw materials, designs; new technology applications such as automation, digitalization, clean technology; management, marketing, distribution solutions; products winning awards or certifications related to innovation…):…_of or VND/ster);³mj

G_of is the volume of non-timber forest product type j (tj), measured in units appropriate to non-timber forest products for 01 hectare;³ is the selling price of non-timber forest product type j at the delivery site after deducting harvesting costs, taxes, and other costs (VND/unit of non-timber forest product);

Briefly describe technical improvements, production processes, raw materials, designs; new technology applications such as automation, digitalization, clean technology; management, marketing, distribution solutions; products winning awards or certifications related to innovation…):… _{is the quantity of non-timber forest product types determined.}b) An example of how to calculate timber value is provided in Appendix I issued together with this Circular.(j), calculated in units appropriate to non-timber forest products for 01 hectare;

G _{is the quantity of non-timber forest product types determined.} is the selling price of non-timber forest product type(j) at the delivery site after deducting harvesting costs, taxes, and other expenses, expressed in VND for 01 unit of non-timber forest product;

Granite, gabbro, decorative stone... is the quantity of the type of non-timber forest product determined.

b) An example of how to calculate the value of forest products is provided in Appendix I attached hereto.

Article 8. Determining the Value of Forest Use Rights

1. Determine the average revenue from the forest area to be appraised over the three consecutive years immediately preceding the appraisal year, including:

a) Revenue from timber harvesting as prescribed;

b) Revenue from forest environmental services;

c) Revenue from eco-tourism, resort, entertainment activities; scientific research, teaching, and internship activities;

2. Determine the average total costs over the three consecutive years immediately preceding the appraisal year, including:

a) Main harvesting costs, residual harvesting costs, utilization harvesting costs, and other costs related to timber harvesting;

b) Forest protection costs; encirclement and promotion of natural regeneration; encirclement and promotion of natural regeneration with supplementary planting; nurturing natural forests; enriching natural forests and rehabilitating natural forests;

c) Maintenance and repair costs for facilities directly serving eco-tourism, resort, entertainment activities; supporting activities for scientific research, teaching, and internships;

d) Taxes, fees, and other reasonable costs;

đ) The above costs shall be calculated according to the State's regulations; labor costs based on standard rates or actual performance; labor costs at the time of appraisal; costs not regulated by the State shall be calculated based on actual market prices in the corresponding local area during the relevant period (year by year);

3. Determine the management and usage period of the forest: the remaining number of years for managing and using the forest is determined based on the forest transfer and lease documentation;

4. Determine the interest rate ratio based on the interest rate for 12-month term deposits of commercial banks in the locality, specifically:

a) Determine the highest interest rate for 12-month term deposits of one year and the lowest interest rate for 12-month term deposits of one year within the three consecutive years immediately preceding the appraisal year;

b) Calculate the average interest rate for 12-month term deposits based on the average value of the highest and lowest interest rates determined;

5. Calculate the value of forest use rights:

a) The value of forest use rights (G) for the forest area to be appraised is calculated according to the following formula:_sdG = (A - C) / (r * A)

Where:

Bwhere A is the total average annual revenue of the forest area to be appraised (VND/year) as stipulated in Clause 1 of this Article;

C is the total average annual cost of the forest area to be appraised (VND/year) as stipulated in Clause 2 of this Article;n is the remaining management and usage period of the forest in years (equal to 1, 2, 3...);

organize credit institutions, foreign bank branches are responsible for organizing the implementation of this Circular.r is the discount rate expressed as a percentage (%). The discount rate applied is the average annual interest rate for commercial bank deposits, calculated based on the lowest and highest interest rates for 12-month terms within the three consecutive years immediately preceding the appraisal year;organize credit institutions, foreign bank branches are responsible for organizing the implementation of this Circular.b) In cases where the income and costs of the forest area to be appraised cannot be accurately determined, apply the income and costs of another forest area in the adjacent region with similar characteristics and conditions, with adjustments (if necessary) based on the specific features of the forest area to be appraised;n);

c) Calculate the value of forest use rights per hectare based on the value of forest use rights and the area of the forest to be appraised;d) An example of how to calculate the value of forest use rights is presented in Appendix I issued together with this Circular.

b) In cases where it is not possible to accurately determine the income and expenses of the forest area to be valued, the income and expenses of another forest area in the adjacent region with similar characteristics and conditions shall be applied, with adjustments (if necessary) based on the specific features of the forest area to be valued;

c) Calculate the value of forest land use rights for 01 hectare based on the value of forest land use rights and the area of the forest to be valued;

d) An example of how to calculate the value of forest land use rights is shown in Appendix I attached hereto.

Article 9. Determining the Environmental Value of Forests

1. The environmental value of natural forests for 01 hectare (ha) is calculated in monetary terms (VND/ha) according to the following formula:

G_mt = G_ls x signing and implementing Agreements

Where:

G_mt is the environmental value of the forest;

G_ls is the timber value;

signing and implementing Agreements is the adjustment factor for the environmental value of the forest.

2. The factor signing and implementing Agreements is defined as follows:

a) For special-use forests, the factor signing and implementing Agreements is 3;

b) For protective forests, the factor signing and implementing Agreements is 2;

c) For production forests, the factor signing and implementing Agreements is 1.

Section 2

DETERMINING THE VALUE OF FORESTS IN VARIOUS CASES

1. The initial leasing price for natural forests for 01 hectare (ha) is calculated in monetary terms (VND/ha) according to the following formula:

Where:

GT_tn is the initial leasing price for natural forests (VND/ha) during the leasing period;

G_sd is the value of the right to use the forest for 01 year (VND/ha/year) based on the calculation method stipulated in Clause 5, Article 8 of this Circular;

F is the discount rate determined according to the provision at Point a, Clause 5, Article 8 of this Circular;

d.1. Amount of taxable income in Vietnam: is the leasing period in years;

k is the order of the leasing year, counted from the valuation date (k equals 1, 2,... n).

2. The leasing price of forests is determined through auction in accordance with the provisions of the law on auctioning assets.

Article 11. Determining the Compensation Value of Forests When There Are Violations of the Law Causing Damage to Forests; Forest Fires and Other Damages to Forests

1. The compensation value of forests (BT_tn) for 01 hectare (ha) of natural forests is calculated in monetary terms (VND/ha) including the value of timber, the value of the right to use the forest, and the environmental value of the forest caused by violations of the law resulting in damage to the forest. The calculation formula is as follows:

BT_tn = d.1. Amount of taxable income in Vietnam:_{lCLASS MONOCOTYLEDON} + d.1. Amount of taxable income in Vietnam:_sd + d.1. Amount of taxable income in Vietnam:_mt

Where:

d.1. Amount of taxable income in Vietnam:_ls is the value of damaged timber;

d.1. Amount of taxable income in Vietnam:_sd is the value of the right to use the forest for the remaining usage period from the date of damage and determined according to the provisions of Article 8 of this Circular;

d.1. Amount of taxable income in Vietnam:_mt is the environmental value of the damaged forest area and determined according to the provisions of Article 9 of this Circular.

2. Determining the value of damaged timber (d.1. Amount of taxable income in Vietnam:_ls):

a) Applying the method for determining the value of timber prescribed in Article 7 of this Circular;

b) Based on the volume of damaged timber in the forest through forest management records and field investigations.

3. Environmental damage to forests is determined based on the damage to the value of timber as stipulated in Sub-Clause 2 of this Article and the factor K.

4. Damage to the value of the right to use the forest is determined according to the provisions of Article 8 of this Circular.

Article 12. Determining the Value of Forests When Reclaiming Forests; Determining the Contribution Value; Privatization of State-Owned Enterprises, Withdrawal of State Capital

1. The value of forests when reclaiming forests is calculated based on the value of the right to use the forest, applied when the time (organize credit institutions, foreign bank branches are responsible for organizing the implementation of this Circular.) equals 1 and determined according to the provisions of Article 8 of this Circular.

2. The value of forests when contributing capital, privatizing state-owned enterprises, withdrawing state capital (transferring state capital) is calculated based on the value of natural forests and determined according to the provisions of Article 6 of this Circular. The privatization of state-owned enterprises, withdrawal of state capital (transfer of state capital) is carried out in accordance with the provisions of the law.

Article 13. Determining the Value for Calculating Taxes, Fees, and Charges Related to Forests

1. The value of forests serving as the basis for calculating taxes, fees, and charges related to forests is calculated based on the value of the right to use the forest and determined according to the provisions of Article 8 of this Circular.

2. Determining the level of tax, fee, and charge related according to the provisions of the law on tax, fee, and charge.

Chapter III

AND NATURAL PRODUCTION FORESTS

AND PRODUCTION FORESTS ARE PLANTED FORESTS

Section 1

VALUATION METHOD

Article 14. Value of planted forests

1. The value of special-use forests, protective forests, and production forests, which are planted forests, is calculated in monetary terms for 01 hectare of planted forest (VND/ha) that the forest owner benefits from during the period of being allocated or leasing the forest.

2. The value of planted forests (G_rt) includes total investment costs to create the forest ( dated October 20, 2015 of_rt), expected income (TN_rt), and the value of forest environmental services (G_mt) during the period of being allocated or leasing the forest. The calculation formula is as follows:

G_rt =CP_rt + TN_{Forganize credit institutions, foreign bank branches are responsible for organizing the implementation of this Circular.}  + G_mt

Where:

 dated October 20, 2015 of_rt is the total investment cost determined according to the provisions of Article 15 of this Circular;

TN_rt is the expected income determined according to the provisions of Article 16 of this Circular;

G_mt is the environmental value of the forest determined according to the provisions of Article 17 of this Circular.

Article 15. Determining Total Investment Costs

1. The total investment cost for 01 hectare of planted forest is calculated in monetary terms (VND/ha) according to the following formula:

Where:

 dated October 20, 2015 of_rtis the total investment cost to create the forest;

C_nis the investment cost to create the forest in yearn;

ais the age of the forest measured in years, determined based on the valuation year and the year of planting the forest;

nis the sequence of years from the start of planting the forest to the valuation year (nequals 1, 2, … a);

F is the discount rate (%) calculated according to the provisions of Clause 5, Article 8 of this Circular.

2. Investment costs include direct and indirect costs calculated from the time of starting to plant the forest until the valuation time:

a) Direct costs, including: forest creation costs, which include seedling costs, materials, labor, equipment, machinery, tools, forest protection costs (labor for protection, equipment, investments in facilities directly serving fire prevention and control, pest control);

b) Indirect costs, including: management costs, surveying, design, budget preparation, supervision, inspection, acceptance, inventory, taxes, fees; other costs allocated for forest protection, fire prevention, and control;

c) Other costs.

3. In cases where the investment cost to create the forest cannot be determined as the basis for determining the value of the planted forest, the investment cost to create the forest is determined equal to the investment cost to create the forest according to the approved design or budget at the valuation time or applying the level of costs for another forest area nearby with similar characteristics and conditions, and adjusting (if necessary) depending on the terrain and specific features of the forest area to be valued.

4. For newly planted forests that have not yet met national standards TCVN 12509-1; TCVN 12509-2; TCVN 12509-3; TCVN 12510-1 and TCVN 12510-2, the minimum value of the planted forest is determined by the total investment cost to create the forest ( dated October 20, 2015 of_rt).

5. Examples of how to calculate investment costs are shown in Appendix II issued together with this Circular.

Article 16. Determining Expected Income

1. Determine the business cycle:

a) For special-use forests and protective forests, the business cycle is uniformly applied as 20 years;

b) For production forests, the business cycle is determined based on information in the sustainable forest management plan or the approved forest planting design and budget for forest owners who are organizations, or the management and business plans for other forest owners.

2. The expected income of planted forests is calculated according to the following formula:

Where:

TN_rtis the expected income of planted forests;

B_{international}is the total revenue (VND/ha) of the forest area to be valued from timber products; forest environmental services; ecotourism, leisure, entertainment activities; scientific research, teaching, internships, and other lawful sources of income in yearorganize credit institutions, foreign bank branches are responsible for organizing the implementation of this Circular.counted from the valuation time to the end of the business cycle;

C_{international}is the total cost (VND/ha) of the forest area to be valued in yearorganize credit institutions, foreign bank branches are responsible for organizing the implementation of this Circular.counted from the valuation time to the end of the business cycle;

Fis the discount rate (%) calculated according to the provisions of Clause 5, Article 8 of this Circular;

internationalis the sequence of years (measured in years) counted from the valuation year to the end of the business cycle (internationalequals 1, 2, 3… n).

3. In cases where the expected income cannot be determined as the basis for determining the value of the planted forest, apply the income level of another forest area in the vicinity with similar characteristics and conditions, and adjust (if necessary) depending on the location and specific features of the forest area to be valued.

4. Examples of how to calculate expected income are shown in Appendix II issued together with this Circular.

Article 17. Determining the Value of Forest Environment

The value of the forest environment shall be applied to planted forests that meet the standards set after the basic construction period as specified in national standards TCVN 12509-1; TCVN 12509-2; TCVN 12509-3; TCVN 12510-1; TCVN 12510-2, and shall be calculated according to the following formula:

G_mt   =    dated October 20, 2015 of_rt   x   signing and implementing Agreements

Where:

 dated October 20, 2015 of_rt  is the total investment cost determined in accordance with Article 15 of this Circular;

The coefficient K is defined as follows: For small timber production plantations, the coefficient issigning and implementing Agreements is 0.5; for large timber production plantations, the coefficient issigning and implementing Agreements is 1; for special-purpose plantations and coastal protective plantations, the coefficient issigning and implementing Agreements is 3; for other special-purpose and protective plantations, the coefficient issigning and implementing Agreements is 1.5.

Article 18. Procedure for Valuing Planted Forests

1. Survey, collect, and compile information on the current status of the forest, forestry works, and infrastructure related to the purpose of protecting and developing the forest at the time of valuation.

2. Collect and compile data on reasonable investment costs for creating the forest from the time of investment to the time of valuation.

3. Determine the expected income from the planted forest at the time of valuation.

4. Determine the average interest rate for a 12-month term deposit at commercial banks in the area for the valuation year.

5. Determine the corresponding interest rates for bank deposits for the investment costs during the period from the time of investment to the time of valuation.

6. Determine the value of the planted forest based on the collected, compiled, and analyzed information according to the valuation procedure.

Section 2

DETERMINING THE VALUE OF FORESTS IN VARIOUS CASES

Article 19. Determining the Value of Forests in Cases of Forest Leasing

1. The initial leasing price for 1 hectare of planted forest is calculated in money (VND/hectare) according to the following formula:

GT_rt = TN_rt

Where:

GT_rt is the initial leasing price for planted forests (VND/hectare);

TN_rt is the expected income from planted forests (VND/hectare), determined according to Clause 2 of Article 16 of this Circular.

2. The leasing price for planted forests is determined through auction in accordance with the laws on asset auctions.

Article 20. Determining the Compensation Value of Forests When There Are Violations of Law Causing Damage to Forests; Forest Fires and Other Damages to Forests

1. The compensation value for 1 hectare of planted forest (BT_rt) damaged due to deforestation and causing forest fires is calculated according to the following formula:

a) For planted forests in the basic construction phase:

BT_rt =  dated October 20, 2015 of_rt x D_rt

Where:

 dated October 20, 2015 of_rt is the total investment cost for creating the forest for 1 hectare of damaged planted forest, determined according to the provisions of Article 15 of this Circular;

D_rt is the estimated damage level expressed as a percentage (%) for 1 hectare of damaged planted forest.

b) For planted forests meeting the standards after the basic construction phase:

BT_rt = ( dated October 20, 2015 of_rt + TN_rt + G_mt) x D_rt

Where:

 dated October 20, 2015 of_rt is the total investment cost for creating the forest for the damaged forest area, determined according to the provisions of Article 15 of this Circular;

TN_rt is the expected income during the management and use period for 1 hectare of remaining planted forest from the time of damage, determined according to the provisions of Article 16 of this Circular;

G_mtis the value of the forest environment determined according to the provisions of Article 17 of this Circular;

D_rt is the estimated damage level expressed as a percentage (%) for 1 hectare of damaged planted forest.

2. The compensation value for 1 hectare of planted forest (BT_rt) damaged due to illegal logging and harvesting of forest products, is calculated according to the following formula:

BT_rt = V_ls x G_ls

Where:

V_ls is the volume of forest products damaged measured in cubic meters for wood or in appropriate units for non-wood forest products, determined according to the regulations of the Minister of Agriculture and Rural Development on forest surveys, inventories, and monitoring;

G_ls is the selling price of wood and non-wood forest products at the delivery site at the time of valuation.

Article 21. Determining the price of forests when reclaiming forests; determining the value for capital contribution; equitization of state-owned enterprises, divestment of state capital

1. The price of forests when reclaiming forests is calculated based on the total expected income during the remaining period of forest management lease and determined according to the provisions of Article 16 of this Circular.

2. The price of planted forests for capital contribution; equitization of state-owned enterprises, divestment (transfer of capital) of state capital is calculated based on the value of planted forests determined according to the provisions of Article 14 of this Circular. The equitization of state-owned enterprises, divestment (transfer of capital) of state capital shall be carried out in accordance with the provisions of the law.

Article 22. Determining the price for calculating taxes, fees, and charges related to forests

1. The price of forests serving as the basis for calculating taxes, fees, and charges related to forests is calculated based on the expected income during the period of being assigned to manage and use forests and determined according to the provisions of Article 16 of this Circular.

2. Determining the level of tax, fee, and charge related according to the provisions of the law on tax, fee, and charge.

Chapter IV

FRAMEWORK PRICE OF FORESTS

Article 23. Method for determining the framework price of forests

1. Determining the area of various types of forests within the priced forest area, including:

a) The area of natural forest states classified as special-use forests, protective forests, and production forests;

b) The area of planted special-use forests, coastal protective forests; other planted special-use and protective forests;

c) The area of planted production forests for small timber, large timber.

2. Investigating and collecting information and data on the forest states and types of forests identified in Clause 1 of this Article to serve the determination of the price of forests, including:

a) Surveying the area, volume of wood, firewood, and non-timber forest products according to the regulations of the Minister of Agriculture and Rural Development on forest surveys, inventories, and monitoring;

b) Investigating and collecting information on the selling prices of wood, firewood, and non-timber forest products through survey methods and interviews at businesses and individuals registered for trading in forest products. The minimum survey rate is 30% of the number of legal businesses and individuals engaged in the purchase and sale of forest products in the area. The Sample Price Survey Form for Forest Products is attached as Appendix III issued together with this Circular;

c) Other information for valuing forests shall be implemented according to the provisions of Chapter II and Chapter III of this Circular.

3. Valuing the types of forests already identified in the priced forest area shall be carried out according to the methods prescribed in Chapter II and Chapter III of this Circular.

4. Determining the minimum, maximum prices, and the framework price of forests:

a) The minimum value of natural forests and planted forests is the lowest average value of component forest values, determined for the same forest state and type from the calculation results at the survey points;

b) The maximum value of natural forests and planted forests is the highest average value of component forest values, determined for the same forest state and type from the calculation results at the survey points;

c) The minimum and maximum component forest values are calculated using the weighted average method;

d) The minimum and maximum forest prices are determined in the cases specified in Section 2 of Chapter II and Section 2 of Chapter III and are calculated using the weighted average method;

e) The framework price of forests is the range of values from the lowest average value to the highest average value of all types of priced forests; the framework price of forests is established for pricing cases.

5. Examples of determining the minimum, maximum prices, and the framework value of forest products are provided in Appendix IV issued together with this Circular.

Article 24. Competence to issue the forest price framework

The People's Committee of the province shall determine the forest price framework within its administrative area and promptly adjust the forest price framework in accordance with the regulations.

Chapter V

IMPLEMENTATION

Article 25. Responsibilities of the Forestry Department

1. Guide, disseminate, and publicize the Circular to localities and relevant organizations and individuals.

2. Monitor and evaluate the implementation of this Circular in localities.

3. Summarize and report on the situation of forest valuation and the forest price framework nationwide.

Article 26. Responsibilities of the Department of Agriculture and Rural Development

1. Advise the People's Committee of the province to direct the implementation and organization of this Circular at the locality level.

2. Report annually before December 20 on the situation of forest valuation, the forest price framework, and any issues arising at the locality to the Ministry of Agriculture and Rural Development (Forestry Department).

Article 27. Implementation Provisions

1. This Circular takes effect from July 1, 2024.

2. Circular No. 32/2018/TT-BNNPTNT dated November 16, 2018, issued by the Minister of Agriculture and Rural Development, which stipulates the method for forest valuation and the forest price framework, shall cease to be effective from the date this Circular takes effect.

3. During the implementation of this Circular, if there are difficulties or obstacles, agencies, organizations, and individuals should promptly reflect them to the Ministry of Agriculture and Rural Development for guidance, research, amendment, and supplementation./.