The merger of HCM City with Binh Duong and Ba Ria – Vung Tau is expected to give the local wood industry a strong boost into a phase of high-quality growth driven by linkages, innovation, sustainability, and deeper integration into global value chains.
Vietnam now ranks as the world’s second largest exporter of interior-decor wooden furniture after China, shipping products to 166 markets with a near-complete supply chain in place.
The application integrates artificial intelligence (AI) and is capable of analysing images of wood cross-sections, providing identification results with an accuracy of up to 98.6% in less than one second.
This year’s exhibition highlights advanced manufacturing solutions, including process optimisation and digital technologies, positioning the fair as a key platform for connecting policymakers and businesses and fostering sustainable production-consumption partnerships in the wood sector.
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.
