Vietnam’s wood export is likely to hit about 14.5 billion USD this year, lower than the yearly target of 17 billion USD, Vice Chairman of the Handicraft and Wood Industry Association of Ho Chi Minh City (HAWA) Nguyen Chanh Phuong told a local press conference on September 13.
The export value of wood and wood products was estimated at nearly 1.1 billion USD in July, bringing the total export earnings of the industry in the first seven months of this year to 7.1 billion USD, down 25% year on year, according to data of the Ministry of Agriculture and Rural Development.
The BIFA Wood Vietnam 2023 fair will return to the southern province of Binh Duong from August 9-12, the event's organisers announced at a press conference in the locality on June 22.
Vietnam’s wood industry is strong at manufacturing but has yet to master markets, so it’s time for businesses and associations to hold large-scale trade promotion events to attract buyers in the long term, insiders have said.
Global political and economic fluctuations in 2022 have affected import and export activities, especially those of enterprises operating in the wood manufacturing and processing industry, making them calculate each step in the year-end period to achieve the set targets.
The 2022 Vietnam International Woodworking Industry Fair (Vietnam Wood 2022) will be held in Ho Chi Minh City from October 18-21, aiming to promote technological transformation of Vietnam’s wood processing industry.
More than 100 Vietnamese and foreign firms are showcasing advanced wood processing technologies, machinery and raw materials at the 2022 Vietnam BIFA Wood exhibition which opened in southern Binh Duong province on August 8.
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 National Private Economic Development Research Board and the Handicraft and Wood Industry Association of Ho Chi Minh City have launched an initiative to develop a chief information officer network for the wood and wood processing industry to foster its digital transformation.
Many enterprises in the wood industry have received enough orders to keep their workers busy throughout the third quarter and even to the end of this year thanks to their quick resumption of production.
The Vietnam Furniture Matching Week 2022, a major event of the domestic wood and furniture sector this year, will take place from April 13-20 in Ho Chi Minh City, heard a press conference on March 29.
Promoting domestic production of wood materials plays an important role in minimising instabilities related to wood imports for processing in the future, said insiders.
Vietnamese wood and furniture products are expected to grow in 2022 due to the purchasing demand of the international market along with meeting necessary factors in Free Trade Agreements (FTAs).
The export of Vietnam’s wood industry to France and Europe at large have ample room for growth, according to the Agency of Foreign Trade at the Ministry of Industry and Trade.
The Vietnamese wood manufacturing and processing industry needs to be more cautious to show other countries that Vietnam is moving towards transparent trade and is a reliable partner.
The Vietnam Furniture Matching Week, held by the Handicraft and Wood Industry Association of Ho Chi Minh City (HAWA), kicked off in the southern city on April 14.
Despite the impacts from the COVID-19 pandemic, wood and wooden product exports still posted impressive growth due to the efforts of many businesses to apply advanced technology, develop new products, and make use of online marketing channels.
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