Beschreibung:
Access to external finance critically influences farm households' ability to establish and manage commercial tree plantations. This general observation is applicable around the world, but it holds particularly true for households in Vietnam. Research shows that the intensity of plantation management and rotation length depend on household access to external finance. In turn, household plantations are of great importance in Vietnam because they are currently one of the primary sources of industrial wood and may supply raw materials for the burgeoning furniture industry in the future. The Vietnamese government has recognised the importance of household tree plantations and, in particular, the benefits of giving households access to external finance. In 2006, it initiated a major reorientation of the 661 Programme away from forest protection towards new plantations operated by households. In 2007, the government issued Decision 147 on the promotion of forests for productive purposes. More generally, the government has transferred about a quarter of Vietnam’s forestland to households during the past 15 years. The state-owned banking system offers farm households exceptional access to credit. This report analyses the mechanisms used in 5 key programmes that currently provide finance to households ...