The country's wood exports are expected to earn 16 billion USD this year.

Vietnam’s wood industry is recovering positively, entering a period of transformation. Not only expanding its commercial position, wood enterprises are also gradually asserting themselves in terms of technology, green production and sustainable development.

With a growth rate of nearly 21%, the export value of wood and wood products reached 13.18 billion USD in 10 months, the wood processing export industry is expecting to bring in 15.5-16 billion USD this year.

The United States is Vietnam's largest consumer market for wood and wood products, accounting for over 50% of the market share. China and Japan are the next two largest markets.

Compared to the same period last year, the export value of wood and wood products to the US and Chinese markets both grew strongly with double digits; only the Japanese market increased slightly.

Among the 15 main export markets, the export value of wood and wood products increased the most in Spain with an increase of over 63%.

Seizing the opportunity of positive market recovery signals, some key export products increased quite well such as wood chips (up nearly 38%), wood and wood products (up over 20%).

Associations, unions and wood and forestry processing enterprises have made efforts and been proactive in production as well as seeking export markets.

Orders of Hai Duong MDF Construction and Production Limited Company increased about 50% compared to the same period last year.

Mr. Pham Anh Duong, Director of Hai Duong MDF Construction and Production Limited Liability Company (Vinamdf) happily said that the company has orders until the first quarter of 2025.

As for Ke Go Limited Liability Company, the business also struggled with many difficulties after 2 years of the COVID-19 pandemic, but this year orders have grown again.

Mr. Trinh Xuan Duong, Director of Ke Go Limited Liability Company, said the market will stabilize and develop.

Plywood, pellet and wood chip products in 2024 will grow from 25-30%.

Vietnam's plywood market is mainly the United States, Japan, and Malaysia; pellets are mainly exported to Japan and South Korea while the main market for Vietnam's wood chips is China.

With risks from the market, any business will have to adapt quickly, speed up data analysis as well as handle situations. Typically, the trend of production and consumption is circular, businesses must change to adapt to these changes. Or the strong shift in product structure with the launch of many products with practical applications in life.

In 2025, businesses will focus on developing raw materials and certified forests, and at the same time, develop plans to expand production. After a period of fluctuations in politics, markets, interest rates, etc., Mr. Nguyen Liem, Chairman of the Binh Duong Wood Processing Association (BIFA), assessed that these issues are showing signs of improvement, inventories are decreasing, while global demand for wood products has not decreased.

The increase in exports shows that global consumption demand is recovering and Vietnamese products are increasingly meeting international standards.

Mr. Do Xuan Lap, Chairman of the Vietnam Timber and Forest Products Association, shared that FDI enterprises are both good at production and good at the market, while Vietnamese enterprises are only good at production but weak at the market and trade promotion stages.

Packing wooden products for export in Binh Duong. (Photo: VNA)

FDI enterprises open companies, warehouses, offices, and stores in large markets; market work is very complete. Vietnam's wood industry is aiming for this. Associations and enterprises promoting market and trade promotion will help raise the role of Vietnamese enterprises compared to FDI enterprises.

According to Mr. Do Xuan Lap, there are more and more specialized exhibitions and trade promotions, and many businesses in other fields related to the industry also participate in trade promotion of wood industry businesses.

At the same time, in the future there will be many plans for fairs in major cities, key locations of the wood industry that will promote the development and growth of the industry. However, Vietnamese wood products exported to the US market will continue to be at risk of facing anti-dumping and anti-subsidy investigations by the US.

According to Mr. Do Xuan Lap, the best way to improve the "health" of the wood industry is technical solutions, improving technology in production; moving towards green production, reducing emissions.

At the same time, promote trade, develop markets, develop designs, and improve the quality of Vietnamese wooden furniture. Along with that, there are solutions for business management; in which, prioritize digital transformation.

Faced with challenges facing the wood processing and export industry, Mr. Tran Quang Bao, Director of the Forestry Department, said that it is necessary to promote, introduce, and promote trade in the wood processing industry, especially through specialized fairs and exhibitions.

In particular, to prepare legal and quality raw materials for the wood processing industry for export, the Ministry of Agriculture and Rural Development will continue to implement policies to encourage the development of large timber, timber with sustainable forest management certification, and develop cooperation and linkage in planting production forests associated with the consumption of forest products.

The Ministry of Agriculture and Rural Development is piloting the issuance of codes for raw material forest growing areas in the provinces of Bac Giang, Lang Son, Phu Tho, Tuyen Quang and Yen Bai.

After that, a large-scale assessment will be conducted to gradually supply timber from legal sources to meet international market requirements, especially the EU's Anti-Deforestation Regulation (EUDR)./.

(TTXVN/Vietnam+)

Source: https://www.vietnamplus.vn/xuat-khau-go-cua-ca-nuoc-du-kien-thu-ve-16-ty-usd-trong-nam-nay-post998704.vnp