Việt Nam’s wood industry has recorded positive signs with significant increases in the export of key products despite ongoing global economic uncertainties, according to the Q3 meeting on wood processing and export held in the southern province of Bình Dương...
The Handicraft and Wood Industry Association of HCM City plans several measures to elevate the local industry, including increasing its self-sufficiency in the supply chain.
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.
Leading distributors and retailers in Latin America will attend Vietnam International Sourcing in HCM City in June to look for large volumes of a diverse range of products, according to the Ministry of Industry and Trade.
Việt Nam has 14 million hectares of forests, which, if well-managed, offer opportunities for the country to capitalise on the carbon credit market, a dialogue heard in HCM City.
Việt Nam’s wood industry, in addition to meet stringent requirements in terms of origin, environmental and social responsibility, also needs to focus on diversifying export markets and developing uniquely designed products to thrive in the long run, a forum heard in...
Việt Nam’s forest coverage rate is set to reach 42-43%, while the forest production value is expected to increase by 5-5%, according to the forestry development strategy for the 2021-2030 period.
The Vietnamese wood industry needs to focus more on branding to increase its competitiveness in the world market and add export value, according to the Việt Nam Administration of Forestry.
The National Private Economic Development Research Board and the Handicraft and Wood Industry Association of HCM City have launched an initiative to develop a chief information officer network for the wood and wood processing industry to foster its digital transformation.
Despite the impacts of the COVID-19 pandemic, exports of wood products rose by 16.4 per cent last year to US$13.17 billion, and are expected to reach $14 billion this year and $20 billion by 2025.
Viet Nam’s furniture exports to the US have risen sharply in recent times, but to sustain the growth firms need to focus on complying with regulations in that market, including sustainable development norms, experts have said.
Despite the impacts of the Covid-19 pandemic, the woodworking industry increased exports of wood and forestry products by 16.4 per cent last year to US$13.17 billion.
The wood industry has consistently maintained two-digit growth rates in recent years, but the pandemic caused negative growth in the second quarter of 2020.