Workers at Woodmax Co. Ltd. (Photo: nhandan.vn) Statistics from the Vietnam Timber andForest Product Association (VIFOREST) show that in 2023, the number of FDIenterprises exporting wood and wood products accounted for only 18.8% of thetotal number of wood exporters in the country, but their export turnover hit6.24 billion USD, equivalent to 47.4 % of the total of thisindustry.
Last year, the sector attracted 57 new FDIprojects worth around 300 million USD, of which Chinese-invested projectsaccounted for 49.1% of the total number of projects and 35.5% of the totalvalue.
Cao Thi Cam, an expert from the VIFOREST,said that an increase in activities of FDI enterprises, including export, ispartly a result of new-generation free trade agreements that Vietnam isparticipating in, and partly thanks to the advantage of geographical location andthe development of the country's wood industry ecosystem.
To Xuan Phuc, a policy analyst at ForestTrends Organisation, stated that the superiority of FDI enterprises operatingin the wood industry needs to be summed up and used as a foundation to create aspill-over effect to domestic firms.
According to Phuc, the connection betweenFDI and domestic enterprises remains limited at present. Therefore, the governmentand wood associations need to promote the formation of a suitable institutionaland policy environment to encourage the establishment of linkages and the sharingof benefits and responsibilities of the business community./.
VNA
