Estimation of Recreation Value and Payment for Forest Environmental Services: An Application of Travel Cost Method in Vietnam

NGUYEN VAN HIEU, NGUYEN HOANG NAM

Abstract


Payment for Forest Environmental Services (PFES) policy, initiated by Decree No.99/2010/ND-CP in 2010, is considered one of the ten greatest successes of forestry sector in Vietnam. The policy has raised public awareness on forest protection and improved the responsibility of forest owners in forest management. After 6 years of implementation, there have been 41 provinces established provincial forest protection and development funds, raised total fund of VND 5,226 billion (equivalent to USD 230.3 million), supported the management and protection of 5 million hectares of environmental-service forest. However, PFES policy has not been implemented in Ba Vi National Park, one of the most popular tourist attractions in Vietnam. The missing of the value of tourism of Ba Vi National Park, which is an essential scientific basis for PFES in tourism, could be a main reason. This study aimed at filling up the gap by estimating the recreational value of the national park, using Travel Cost Method. Accordingly, the estimated value is VND 20.557 billion per year. In addition, consumer surplus per visit is estimated at VND 59,692. These are important scientific bases for implementing PFES in tourism in Ba Vi National Park.

Keywords: Travel cost method, Ba Vi National Park, Payment for forest environmental services, Tourism

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KHON KAEN UNIVERSITY
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