Vietnamplus

Vietnam expects to earn 25 billion USD from the export of wood and wooden products by 2030.

This year’s forestry exports are estimated at over 16.9 billion USD, up 6.1% from 2021, according to the Vietnam Administration of Forestry.

Aiming to be one of the world’s leading processing centres of export timber, Vietnam is striving to establish legal timber, where raw materials are legally sourced and traded throughout the entire value chain.

Aiming to be one of the world’s leading processing centres of export timber, Vietnam is striving to establish legal timber, where raw materials are legally sourced and traded throughout the entire value chain.

Management agencies should roll out mechanisms and policies to promote the linkage between businesses and craft villages in the wood sector, heard a workshop in the southern province of Dong Nai on November 4.

A forum took place in the southern province of Binh Duong on October 28 to discuss the promotion of legal and sustainable timber value chains in Vietnam.

Malaysia's furniture exports recorded a sharp increase of 18% in the first seven months of 2022 as compared to the same period last year, despite many challenges facing the industry, the Malaysian Furniture Council (MFC) has said.

Due to the ongoing conflict in Ukraine, and many European countries turning their backs on the supply of gas from Russia, the export potential of wood, and especially wood pellets, is on an upward trend.

More than 1,300 Shan Tuyet tea plants in Ha Giang province and a group of valuable timber trees in Dak Nong province have been recognised as “Vietnam Heritage Trees”.

Contrary to full orders at the beginning of the year, Vietnamese wood and wooden furniture enterprises are currently facing many difficulties due to the cancellation of orders by customers because of inflation in countries such as the US and the EU and the sharp increase in input material costs.

Vietnam eyes the wood processing industry to be a major economic sector by 2030.

The Centre for Sustainable Rural Development (SRD) and the Vietnam Administration of Forestry co-organised a forum on sustainable forest governance and timber trade monitoring in Hanoi on August 22.

To fulfil the goal of planting 2,500 hectares of timber trees in 2022, many enterprises in the northern province of Quang Ninh donated money and seedlings. The period from July to the end of September is the best time to plant trees in the reforestation efforts for the province.

While many products exported to the UK enjoyed strong increases thanks to the UK-Vietnam Free Trade Agreement (UKVFTA), Vietnam’s timber industry is facing difficulties in expanding in this market, requiring manufacturers and exporters to change their business strategies.

The export value of forestry products in July dropped by 5.5% from the previous month to 1.41 billion USD, also down 1.6% from the same period last year, according to the Forestry Department under the Ministry of Agriculture and Rural Development.

Vietnam aims for annual growth of 5-5.5% in forestry production value under the sustainable forestry development programme for 2021-2025 freshly approved by the Government.

Exporters of wood products need to have sustainable timber sources and use advanced technologies to reduce labour, a trade show heard in Ho Chi Minh City.

Vietnam's exports of timber and wood products have decreased due to the impact of high inflation in the export market, according to the Ministry of Industry and Trade.

The southern province of Binh Phuoc called for Singaporean investment in an array of areas during a conference held in both online and offline formats on July 5.

The timber industries of Vietnam and Malaysia have signed a Memorandum of Cooperation (MoC) to further develop timber trade in both countries.