This paper investigates the direct use values of melaleuca forests at U Minh Ha National Park. The market price method (MPM) was utilised to estimate the economic value. A semi-structured questionnaire comprising multiple-choice and open-ended questions was administered to 360 families in 2022 to collect data on the various forest products available locally, the quantity of these products collected, as well as their corresponding prices and costs. The results revealed that the total net benefits that the local people derived from the entire melaleuca ecosystem were US$ 73,022,184 per year, or an average worth of US$ 1,723 per person per year. Most of the local annual income was derived from construction pole harvesting (US$ 57,092,223), followed by wood for fishing boats (US$ 5,792,757) and fish (US$ 6,226,995). The melaleuca ecosystem was significant, contributing an average of 75% to the total annual per capita income for the local people. However, the U Minh Ha melaleuca ecosystems are threatened and predicted to disappear in 118 years if the current extraction rate of wood products (2,204 kg/person/year) remains uncontrolled. This suggests an urgent need for an integrated management plan that incorporates melaleuca preservation, as well as the commercial and local use interests in this area.