Binh Dinh province is focused on public investment, boosting domestic consumption, and increasing wood exports, aiming to reach 1.5 billion USD in wood exports in 2025./.
Despite market recovery, the wood industry needs to overcome formidable challenges to realise the export revenue target of 15.2 billion USD for the whole year, according to insiders.
Vietnam's wood industry has opportunities to engage in the carbon market as the whole world is pushing ahead for a greener economy, heard a recent dialogue in Ho Chi Minh City.
The year 2024 is forecast to remain a challenging year for wood industry, given several issues affecting the sustainability of production and export, according to experts.
The wood industry in the southern province of Binh Duong is experiencing a positive recovery, with many firms reporting an increase in orders and employment, as a result of the furniture export recovery, proactive technology innovation and marketing strategies.
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.
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.
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.
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 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.