Forestry contributions to economic development analysed

The forestry sector is playing an increasingly important role in Vietnam’s economy, according to a forestry expert.
Forestry contributions to economic development analysed ảnh 1Illustrative image (Source: VNA)

Hanoi (VNA) – The forestry sector isplaying an increasingly important role in Vietnam’s economy, according to aforestry expert.

Do Anh Tuan, head of the Institute of Policy andStrategy for Agriculture and Rural Development, made the statement at aconference in Hanoi on December 18 to analyse the contributions of the forestrysector to growth through the application of input-output charts and the implementationof efforts to reduce emissions from deforestationand forest degradation(REDD+).

He noted the sector’s contributions tothe economy’s added value rose from only 0.5 percent in 2008-2013 to 2.3percent in 2013-2018.

The event, part of an Australian-funded project onforest planting policies to balance the demands of small-scale forest owners,wood processing industry and environment in Laos and Vietnam, aimed to seekpolicy recommendations to encourage planters to switch to a larger scale.

Tuan said forest planting and management has become significantin boosting the sustainable development of Vietnam’s forestry sector.

Meanwhile, Nguyen Thi Hau from theAgro-Forestry-Fishery Statistics under the General Statistics Office (GSO) saidthat the GSO collects statistics on newly-planted forest areas and wood andnon-wood output.

The GSO also summarises information of forestry productsfor the calculation of macro-economic indications, she said.

Dr. Bui Trinh, an advisor the project, said that evaluatingthe contributions of the forestry sector to GDP via input-output charts is important.

He said demand for forestry products does not poseconsiderable impact to the added value of other economic sectors, adding thatit is necessary to encourage farmers to switch to planting large wood forests,while supporting them in developing high quality wood that meets internationalstandards.

Meanwhile, Vu Tuan Phuong from the Vietnam Academy ofForestry Sciences said Vietnam is ready to implement REDD in terms of legalframework and technical capacity.

Participants at the event also discussed forestrystatistics collection methods and contributions of the sector to economicgrowth and sustainable development.-VNA
VNA

See more

A display area for Mid-Autumn Festival cakes at a supermarket (Photo: VNA)

Mid-Autumn Festival cake market heats up at affordable end

Industry insiders say competition is no longer just about the cake itself. Product quality, packaging, brand reputation, delivery services and personalisation are increasingly shaping consumer choices in a market crowded with both domestic and foreign players.

Minister of Foreign Affairs Le Hoai Trung (Photo published by VNA)

Vietnam, India set 25 billion USD trade goal

Vietnam and India agreed to make better use of complementary strengths, ease market access difficulties and facilitate business activities toward achieving the 25 billion USD bilateral trade target.

Delegates at the meeting between Vietnamese businesses operating in Cambodia and the Council for the Development of Cambodia (CDC) on September 14. (Photo: VNA)

Vietnamese businesses seek to expand investment in Cambodia

Vietnam currently has 223 investment projects in Cambodia with total registered capital of nearly 3.4 billion USD. Vietnamese companies operate in agriculture, particularly large-scale farming, finance and banking, telecommunications, aviation, processing, trade and services.

Children visit President Ho Chi Minh's hometown and learn about his childhood. (Photo: VNA)

Vietnam's tourism sector faces labour shortage

A 2026 survey by Hoteljob.vn found that nearly 90% of tourism businesses planned to recruit. In Ho Chi Minh City alone, 89.7% of businesses were hiring, while 71.8% said recruitment was difficult or very difficult. The biggest shortages were among frontline workers, particularly in housekeeping, engineering, food service, front-office operations, and kitchens.

Octopus processing for export at Huy Nam Company in An Giang province. (Photo: VNA)

New opportunities for Vietnam’s seafood exports

The Vietnam-EFTA Free Trade Agreement brings together two groups of highly complementary economies. EFTA members Switzerland, Norway, Iceland and Liechtenstein have strengths in technology, innovation, finance, clean energy and sustainable development, while Vietnam is one of Asia’s most dynamic economies and is emerging as a major regional manufacturing, trade and investment hub.

The saponin content of Lai Chau ginseng can reach as high as 23.85% in its natural state, a remarkably high level compared to many other ginseng species. (Photo: baolaichau.vn)

Lai Chau ginseng development gains momentum

Blessed with rare and distinctive ecological values, the northern mountainous province of Lai Chau is stepping up efforts to conserve and develop its native ginseng, with the medicinal plant expected to play a growing role in the forest-based economy and local livelihoods.

The Vietnamese delegation poses for a group photo at the third meeting of the Vietnam-Canada Joint Economic Committee (Photo: VNA)

Vietnam, Canada broaden economic cooperation beyond trade

Vietnam is currently Canada’s largest trading partner in ASEAN. Building on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the two countries are expanding bilateral economic ties into higher value-added areas such as clean energy, critical minerals, advanced technology, manufacturing and value-chain linkages.

The Index of Industrial Production (IIP) rises 14.4% in August and 11.9% in the first eight months compared to a year earlier. (Photo: VNA)

More momentum needed for economic growth in year-end race

To build momentum for the year-end race, one of the top priorities is to accelerate public investment disbursement, ensuring 100% of the allocated plan is disbursed without allowing funds to be concentrated in the final months of the year.

Vietnamese enterprises showcase products at the Vietnam Pavilion during the Foodist Istanbul 2026 fair. (Photo: Vietrade)

Vietnamese goods gain export opportunities in Türkiye, Spain

Vietrade said the programme helped businesses gain practical market information, identify potential products and partners, and better understand requirements on quality, pricing and distribution. Such direct connections are expected to help companies adapt their products and develop more effective export strategies.