THE GOVERNMENT
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SOCIALIST REPUBLIC OF VIETNAM
Independence- Freedom- Happiness
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No. 48/2007/ND-CP
Hanoi, March 28, 2007
 
DECREE
ON THE PRINCIPLES AND METHODS OF DETERMINING PRICES OF FORESTS OF DIFFERENT TYPES
THE GOVERNMENT
Pursuant to the December 25, 2001 Law on Organization of the Government;
Pursuant to the December 3, 2004 Law on Forest Protection and Development;
Pursuant to the Ordinance on Prices;
At the proposal of the Minister of Agriculture and Rural Development,
DECREES:
Chapter I
GENERAL PROVISIONS
Article 1.- Scope of regulation
This Decree provides principles and methods of determining the price of the right to use protection forest, special-use forest or production forest that is natural forest (hereinafter collectively referred to as forest use right price); and the price of the right to own production forest that is plantation forest (hereinafter referred to as plantation forest ownership price).
Article 2.- Scope of application
The forest use right price and plantation forest ownership price shall be promulgated by the People’s Committees of provinces or centrally run cities (hereinafter referred to as provincial-level People’s Committees) under the provisions of this Decree as a basis for:
1. Calculating forest use levies when the State allocates forests with collection of forest use levies or the value of the forest use right or the plantation forest ownership right when the State allocates forests without collection of forest use levies under Article 24 of the 2004 Law on Forest Protection and Development.
2. Calculating forest rents when the State leases forests not through bidding for the forest use right or plantation forest ownership right under Article 25 of the 2004 Law on Forest Protection and Development.
3. Calculating compensations when the State recovers forests under Article 26 of the 2004 Law on Forest Protection and Development.