The forecasted data shows a steady increase in Vietnam's planted forest area from 4.57 million hectares in 2024 to 4.77 million hectares in 2028. Compared to 2023, the area stood at 4.52 million hectares. The year-on-year growth from 2023 to 2024 is 1.1%. The subsequent annual growth rates are about 1.1% consistently through 2028. Thus, the Compound Annual Growth Rate (CAGR) over the five-year period from 2023 to 2028 is also approximately 1.1% per year.
Future Trends to Watch For:
- Adoption of sustainable forestry practices- Impact of climate change on forestation programs- Government policies promoting reforestation- Collaboration with international environmental organizations
