Bình Dương's wood exports top $4.2 billion
Bình Dương province, Việt Nam’s leading wood processing hub, exported over US$4.2 billion in wood products in the first eight months of 2024, with a surge in orders promising increased production and exports.
Bình Dương province, Việt Nam’s leading wood processing hub, achieved over US$4.2 billion in wood product exports in the first eight months of 2024. Local wood industry firms are seeing a surge in orders, promising a busy production time ahead, boosting both output and exports.
Nguyễn Liêm, Chairman of Binh Duong Furniture Association (BIFA), noted the wood sector's strong recovery, with export value rising sharply. The US remains the largest market, with growth exceeding 20 per cent over initial projections.
In August alone, the province’s wood exports reached $628 million, a 25 per cent increase from July, pushing the cumulative export value past $4.2 billion, up 24 per cent year-on-year. This growth reflects recovering global demand and the improved quality of Vietnamese products.
Companies are adapting to new market requirements by investing in green production and clean supply chains.
Liêm said the association has been focusing not only on quantity but also on quality, ensuring its products meet stringent importers' standards.
To maintain this momentum, the province’s wood firms are investing in technology, marketing, and research to better meet international consumers' requirements.
The association will continue to connect businesses with global markets and supports export growth, aiming for Việt Nam’s wood sector to exceed $15 billion in exports by year-end, with the province leading the way. — VNS
