Topic: timber and forest products

Vietnam’s wood and wooden product exports were estimated at over $14.6 billion in the first eleven months of 2024, within reach of the revised target of $15.2 billion.

Over 10,000 timber products expected to be displayed at 1,000 booths at fair in southern province.

Vietnam’s export turnover for wood and wooden products of $14.5 billion in 2021 made it the second-largest exporter in Asia and fifth in the world. To reach the goal of export turnover hitting $25 billion by 2030, the forestry sector needs to build and operate the Vietnam timber legality assurance system (VNTLAS) in accordance with international commitments and agreements, ensuring that 100 per cent of wooden materials used in the entire value chain are legal.

Livestock production still faces many difficulties and ocean fishing has declined due to rising fuel prices. One bright spot in the agriculture sector is aquaculture, which has grown positively due to an increase in demand and rising export prices for key aquatic products. The exploitation of timber and forestry products has also been notable.