The GFTN was launched in 2005 to combat illegal logging and improve forest management.
Bao Chau is Vietnam’s tenth company to become a GFTN member, said GFTN Vietnam Coordinator Le Thien Duc.
According to Duc, GFTN members in Vietnam will receive technical training and information about the timber market, new timber products-related requirements from Vietnam and buying countries, such as EU Timber Regulation and Forest Law Enforcement, Governance and Trade for the EU, and the Lacey Act for the US.
The network also connects responsible buyers and suppliers, and provides technical support in purchasing certified wood materials.
Firms must put effort into sustainable forest management and forest-related business following global standards, said Vice Chairman of the provincial People’s Committee Tran Huu The.
He vowed to provide good conditions for businesses to manage their woodland sustainably and to help them access markets like the US, EU, Japan, the Republic of Korea and more in the future.
Bao Chau manages more than 2,000 hectares of forest in Phu Yen. Under support from the GFTN, the company plans to increase area of sustainably managed forest to 5,000 hectares by 2020. It has started building a wood processing factory for export.