Local wood processing enterprises need to expand supply chains with a focus on seeking suppliers from domestic and overseas markets to ease disruptions from China due to the novel coronavirus SARS-CoV-2 outbreak, experts have said.
With the current good growth, the wood processing industry will achieve its export goal of 20 billion USD by 2025, said Minister of Agriculture and Rural Development Nguyen Xuan Cuong at a working session with the Vietnam Timber and Forest Product Association (VIFORES) in Hanoi on January 9.
Timber and wood products generated about 9.64 billion USD in export revenue between January and November, up 19.5 percent year on year, statistics show.
Foreign direct investment in the wood processing industry has increased rapidly, especially since 2018, the Vietnam Timber and Forest Product Association has said.
Foreign direct investment in the wood processing industry has increased rapidly, especially since 2018, the Vietnam Timber and Forest Product Association has said.
Vietnam raked in more than 1 billion USD from wood and wood product exports in October, up 22.7 percent year-on-year, according to the General Department of Vietnam Customs.
Vietnamese wood processing firms need to rethink their production models and embrace technologies to increase their competitiveness amid current and future challenges, delegates said at a seminar held in Ho Chi Minh City on September 10.
Laos and the European Union (EU) on September 9 made a major step forward in bolstering trade and investment with the ARISE Plus-Laos programme with a total budget of 5 million EUR.
Thua Thien-Hue province’s export revenue of wood and wooden products in the first half surged 40 percent year-on-year to nearly 60 million USD, according to the local Department of Industry and Trade.
Vietnam’s Eastwood Energy JSC and Sweden’s CellMark Group signed a long-term contract in Ho Chi Minh City on August 8 to supply wood pellets to the Japanese market.
The central province of Quang Tri plans to have at least 60,000 hectares of forests certified by the Forest Stewardship Council (FSC) in the next 10 years, tripling the current FSC area.
The United States (US) is a leading important market of the Vietnamese wood processing industry, Deputy Minister of Agriculture and Rural Development Ha Cong Tuan affirmed at the Southeast Asia Convention held by the American Hardwood Export Council (AHEC) in Hanoi on June 25.
Officials of the southeast province of Binh Phuoc had a working session on June 18 with a visiting delegation from Yoshino town in Japan’s Nara Prefecture on a cooperation project on training furniture making workers.
Export turnover of wood and wooden products reached nearly 3.12 billion USD in the first four months of the year, a year-on-year increase of 18.3 percent, according to the General Department of Vietnam Customs.
Vietnam is keen to cooperate with Norway in marine and ocean economy, including issues related to plastic waste, which Norway holds strengths in, Prime Minister Nguyen Xuan Phuc said while hosting Norwegian Ambassador to Vietnam Grete Lochen in Hanoi on May 14.
The southern provinces of Binh Duong and Dong Nai, which have the highest export growth rate and number of businesses in the wooden products sector, are poised to take advantage of the benefits of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
A medium density fibreboard (MDF) factory that is considered the biggest of its kind in the central region of Vietnam was inaugurated in Vu Quang district of Ha Tinh province on April 21.
Prime Minister Nguyen Xuan Phuc on March 28 issued a Directive on measures to achieve rapid and sustainable development of the wood and non-wood forest product processing industry to serve exports.
An inspection campaign in the woodwork industry was launched on March 27 to promote compliance with labour laws in the sector, which is a big foreign currency earner for Vietnam.
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