Public-Private Partnership Paves the Way for Thanh Hoa's Bamboo Market
Thanh Hoa province in Vietnam stands out when it comes to taking action on the country’s strategy to pursue low-emission, sustainable development. This success story shows how USAID is supporting its efforts.
A key has been a partnership between the province and the Lam Son Joint Stock Corporation to plant and harvest bamboo. This “green gold” can store up to 45 tons of carbon per hectare if properly managed. When sustainably harvested, it can sequester more carbon than traditional forests due to its ability to grow back within three to four years after harvest.
Thanh Hoa aims to expand its current 29,000 hectares of planted bamboo to 100,000 hectares by the end of 2015, using already degraded land. Experts from the U.S. Vietnam Forests and Deltas (VFD) program are helping the company to develop a business plan to kick start bamboo markets in Vietnam. This includes investing $15 million in new processing technology and facilities and creating a bamboo park in order to conserve multiple species. The USAID program is also teaching how to sustainably harvest bamboo.
“Thanh Hoa is primed for bamboo development and with VFD’s support, we are already on track to do so,” said Dr. Nguyen Song Hoan, Director of Thanh Hoa’s Department of Foreign Affairs.
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