Ho Chi Minh City is poised to become a Southeast Asian powerhouse in wood and furniture production and exports, provided that companies ramp up green practices, branding and innovation, industry insiders said.

VOV.VN - Spain posted the strongest growth in timber and wood product imports from Vietnam among the country’s top 15 export markets during the January-May period, with a year-on-year 64% increase.

Although Vietnam saw positive results in the export of wood and wooden products in first quarter of this year, breakthrough measures are needed for the country to overcome global economic headwinds and achieve the yearly export target of US$18 billion.

Vietnam’s wood and wood product exports reached over US$2.5 billion in the first two months of the year, statistics from the Ministry of Agriculture and Environment showed.

VOV.VN - After experiencing a sharp fall in exports in 2023, the Vietnamese wood industry bounced back in 2024 and is currently flying high as a major hard currency earner of the economy, with export earnings projected to be at US$18 billion this year.

Vietnam’s wood processing and export industry is on track to surpass its 2024 export target of US$15.2 billion, navigating through complicated market developments with strategic adaptability.

VOV.VN - Vietnam has recorded an estimated agro-forestry-fishery trade surplus of US$12.4 billion as of mid-September, reported the Ministry of Agriculture and Rural Development (MARD).

Despite market recovery, the wood industry needs to overcome formidable challenges to realise the export revenue target of US$15.2 billion for the whole year, according to insiders.

Vietnam’s wood industry has recorded positive signs with significant increases in the export of key products despite ongoing global economic uncertainties, according to the Q3 meeting on wood processing and export held in the southern province of Binh Duong on August 9.

Vietnam's wood industry has showed signs of recovery in the first months of 2024, and this positive trend continues, bolstered by an increase in orders from traditional markets and progress towards achieving export targets set for the year.