HCM CITY (VNS)— The Forest Products Export Company (Forexco) has obtained certification from the Forest Stewardship Council (FSC) for its nearly 1,500 ha of forest in central Da Nang and Quang Nam Province.
Forexco is the first member of the Global Forest and Trade Network in Viet Nam and the sixth company in the country to obtain certification. The trade network is a partnership led by the World Wide Fund for Nature.
Forexco and a number of other companies in Viet Nam have pioneered sustainable forest management, following a chain of custody in line with requirements of the Forest Law on Enforcement, Governance and Trade Initiative for timber exports to European markets.
"This achievement is beneficial to both environmental protection and Forexco's business," said Le Cong Uan, Viet Nam coordinator for the Global Forest and Trade Network.
"As a highly credible certification recognised worldwide, the FSC certificate has become necessary for timber companies to conquer demanding international markets," he added.
Private small – and medium-sized companies often find it financially difficult to meet the technical and management requirements for FSC certification.
The Global Forest and Trade Network Viet Nam helps companies like Forexco to improve management systems to sustainable levels that meet international global environmental, social and economic standards.
Forexco first considered FSC certification in 2006 for 4,000ha of planted forest, but due to a land-use tenure issues, the project was delayed until July, 2011.
Since then, two assessments have been conducted, the pre-assessment in October, 2011 and the main assessment in August of this year. — VNS