20 billion USD goal set for wood export in 2025

20 billion USD goal set for wood export in 2025

Vietnam’s exports of wood and wooden products are expected to rake in 20 billion USD in 2025 and 20.4 billion USD in 2030, per a project freshly approved by Deputy Prime Minister Le Van Thanh.
Promising start to the year for wood exports

Promising start to the year for wood exports

After a trade surplus of $11.8 billion in 2021, the wood industry brought in export revenue of approximately $1.6 billion in the first month of 2022.
New rivals emerge in wood industry battle

New rivals emerge in wood industry battle

While partially lifted social restrictions have been representing a glimmer of hope for domestic manufacturers and exporters of wood products, a heavy competitor in Mexico is emerging, meaning Vietnamese groups are being asked to up their game.
Wood industry at crossroads to engineer survival strategy

Wood industry at crossroads to engineer survival strategy

The ongoing coronavirus outbreaks are now threatening to bring the timber industry to its knees, with businesses and associations hoping for preferential vaccine treatment and financial support for test kits and other pandemic-related expenses.
Balancing act required for open wood industry

Balancing act required for open wood industry

Foreign-invested wood and timber enterprises are contributing a significant chunk to the nation’s export turnover. To strengthen cooperation between these and domestic companies, the adoption of new policies seeks agreement among experts and other stakeholders.
Collaborations required to achieve wood industry goals

Collaborations required to achieve wood industry goals

As the Ministry of Agriculture and Rural Development has set forth an ambitious target for 2021 after the poor results from last year
New strategies required to set deeper roots for wood industry

New strategies required to set deeper roots for wood industry

To expand Vietnam’s wood industry sustainably, its development strategy must not only focus on the policies of importing countries but also domestic priorities.
EVFTA a boon for the wood industry

EVFTA a boon for the wood industry

The EVFTA will usher in big opportunities for wood processing, with Vietnam’s wood exports to the EU possibly touching $1 billion in the first year.
Inspections to shore up wood industry

Inspections to shore up wood industry

Vietnam is intensifying inspection of all wood product shipments to the United States in order to prevent origin fraud, illegal transshipment, and the circumvention of trade remedies which can harm its healthy exports.
Furniture firms must use domestic materials

Furniture firms must use domestic materials

The world’s wooden interior decor market is predicted to grow at 3.5 per cent in 2018 and continue expanding, providing opportunities to Vietnamese businesses to increase exports of the products.