The US’s decision to impose high tariffs on a range of Vietnamese exports, including wood products and furniture, is pushing the country’s timber industry to swiftly recalibrate its strategies to sustain growth.

VOV.VN - The Vietnamese wood sector is looking to adopt digital solutions aimed at ensuring supply chain transparency and meeting US market standards.

Many wood businesses have received orders for the remaining months of this year after the protracted logjam, sending rosy signs to the domestic timber industry.

Management agencies should roll out mechanisms and policies to promote the linkage between businesses and craft villages in the wood sector, heard a workshop in the southern province of Dong Nai on November 4.

Despite a sharp fall in exports in August and September due to impacts of COVID-19, the wood sector still has chances to complete its export target for the whole year provided that it can quickly resume production, according to experts.

Vietnam is working hard to complete its legal corridor and tighten the examination and supervision of imported wood materials to ensure transparency in the wood sector and meet the strict origin rules in foreign markets.

VOV.VN - Despite foreign-invested enterprises (FDI) businesses playing an important role in the local wood industry, a number of disguised businesses have taken advantage of legal loopholes to cause injury to the genuine domestic industry, say industry insiders.

VOV.VN - Despite facing several trade remedy cases and tax evasion lawsuits over the coming year, the forestry sector has set a target of achieving an export target of US$14 billion, according to industry insiders.

Despite a tough year due to the COVID-19 pandemic, the national wood sector looks set to achieve its export turnover target of US$12 billion, and some wood processing businesses have so many orders while they are in short of workers to complete them, according to the Vietnam Timber and Forest Product Association (Vietforest).