AsemconnectVietnam - Vietnam’s exports of wood and wood product reached over 2.5 billion USD in the first two months of the year, increased by 12.4 per cent or 280 million USD year - on - year, showed the statistics figure of the Ministry of Agriculture and Environment.

Vietnam's leading export market of wood and wood products
The US was the largest market for Vietnam’s wood and wood products in the first 2 months of this year, accounting for 55% of the total export value.
Japan and China followed, accounting for 11.7% and 9.8% of the total export value, respectively.
However, despite these positive numbers, experts said challenges await Vietnam’s wood industry due to the increasingly tightened regulations on wood origin control from the import markets.
Wood producers will need to show proof that their production is legal, that it mitigates deforestation, promotes green production and reduces greenhouse gas emissions, they said.
The growing complexity of trade competition also poses a considerable challenge for Vietnam’s wood exports.
To ensure sustainable development, apart from complying with regulations and standards on origin and the environment, the wood industry must focus on investing in design, creativity and enhancing product value to meet the increasingly high demands of international markets.
Vietnam’s wood and wood products are now exported to over 160 countries and territories.
Over the past 10 years, the Vietnamese wood industry has grown rapidly to become the seventh largest producer of wood and wood products in the world, and the second-largest exporter globally.
CK
Source: VITIC/vietnamplus.vn