The VEGETATION system, which has been delivering global observations of the surface on a daily basis since 1998, provides key information for regional to global climate, environmental and natural resource management applications. Just recently, VEGETATION-derived GEOV1 biophysical products (LAI, FAPAR, and FCOVER) became available for the scientific community and were evaluated in this study for semi-arid forests in the Dry Chaco ecoregion, Argentina. Indirect validation with the MODIS-derived biophysical products (MOD15A2) shows a very good temporal consistency between both products for the period 2000-2011, with a remarkably smooth behaviour of the GEOV1 products. A good relationship between both products was found in the regression analysis with an R-2 of 0.826 and 0.724 for LAI and FAPAR, respectively. Using direct validation with digital hemispherical photography (DHP) and ceptometer ground measurements, a relatively small RMSE (RMSELAI approximate to 0.31 and RMSEFAPAR approximate to 0.11) was found. The novel PASTIS-57 technique, which can derive continuous plant area index (PAI) estimates from light transmittance measurements, shows a similar temporal profile to the GEOV1 LAI product with a relatively high but constant offset for the dry forest study sites and a nearly identical profile for the deforested site (R-2=0.86). Overall, PASTIS-57, in combination with satellite-based observations, shows potentials in LAI/PAI research and ecosystem carbon studies in general, but more ground measurements taken over multiple growing seasons and vegetation types are required to confirm these findings.