Vietnam’s wood processing and export industry is on track to surpass its 2024 export target of 15.2 billion USD, navigating through complicated market developments with strategic adaptability.
The first-ever Quy Nhon International Outdoor Lifestyle Fair (Q-Fair 2024) will be organised in Quy Nhon city, the south-central coastal province of Binh Dinh, on March 9-12, heard a press conference on February 28.
The index of industrial production in the first half of 2023 grew by only 0.44% year-on-year due to decreasing orders, falling demand and rising input costs.
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.
Building stable labour supply chains with labourers put at the centre of all policies and emphasis laid on ensuring income and social security is one of the solutions to post-pandemic economic recovery, heard a seminar in the framework of the 4th Vietnam Economic Forum held in Ho Chi Minh City on June 5.
As the export of Vietnam’s timber and wooden products posted positive signs in the first two months of 2022, many firms are increasing capacity to meet the schedule of orders until the end of this year’s second quarter.
Leaders of the northern province of Bac Giang on February 18 had a working session with Italian Ambassador to Vietnam Antonio Alessandro, during which they expressed their hope to partner with Italy in agricultural production and processing.
Ho Chi Minh City will need about 127,000 - 147,000 workers from now to the end of this year, and the demand varies according to the COVID-19 situation, the city’s Human Resources Forecast and Labour Market Information (FALMI) Centre said on July 27.
Nearly 4,200 hectares of forest owned by Quy Nhon Forestry Co., Ltd in the central province of Binh Dinh have been granted the sustainable forest management certificate in accordance with the Forest Stewardship Council (FSC) standards.
The wood processing industry is to become a spearhead economic sector by 2025, posting export turnover of about 20 billion USD to contribute to socio-economic development and stabilise the livelihoods of people living in forested areas.
The export value of the wood processing and forestry sector was 2.18 billion USD in the second quarter of 2020, dropping 11.3 percent against the first quarter and 20 percent against the same period last year.
Despite the COVID-19 pandemic’s impact, the wood industry still enjoyed 3.2 billion USD in exports in the first four months of 2019, up 6 percent year on year, thanks to businesses’ efforts to switch to online trading and find new markets.
Timber and wood products generated about 9.64 billion USD in export revenue between January and November, up 19.5 percent year on year, statistics show.
Foreign direct investment in the wood processing industry has increased rapidly, especially since 2018, the Vietnam Timber and Forest Product Association has said.
Vietnamese wood processing firms need to rethink their production models and embrace technologies to increase their competitiveness amid current and future challenges, delegates said at a seminar held in Ho Chi Minh City on September 10.
Laos and the European Union (EU) on September 9 made a major step forward in bolstering trade and investment with the ARISE Plus-Laos programme with a total budget of 5 million EUR.
Vietnam’s Eastwood Energy JSC and Sweden’s CellMark Group signed a long-term contract in Ho Chi Minh City on August 8 to supply wood pellets to the Japanese market.
