The export value of timber and wood products in Việt Nam is estimated to reach over US$6 billion in the first five months of this year, an increase of 18 per cent over the same period last year, according to...
Viforest is encouraging businesses to ensure green production, green trade and digital transformation. The association has been conducting many trade promotion activities at home and abroad to seek more customers and orders.
Vietnamese wood and wooden furniture enterprises have been facing many difficulties as export orders have ped 50-60 per cent since the beginning of this year, pushing firms to cut off at least half of their production capacities.
Aiming to be one of the world’s leading processing centers of export timber, Viet Nam is striving to establish legal timber, where raw materials are legally sourced and traded throughout the entire value chain.
Due to the ongoing conflict in Ukraine, and many European countries turning their backs on the supply of gas from Russia, the export potential of wood, and especially wood pellets, is on an upward trend.
Tight timber supply, coupled with transport delays, has been holding back furniture manufacturers, exposing the need for domestic substitution for imported timber.