Experts believe that European Union’s Regulation on Deforestation-free Products (EUDR) compliance will not only elevate export standards but also provide an opportunity to transform Vietnam’s agriculture, making it more sustainable and transparent, and aligning it with the country’s international commitments to green growth.

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.

As the EU Deforestation Regulation (EUDR) is about to officially take effect on December 31, 2024, Vietnamese enterprises have been advised to act quickly to comply with this rule to sustain exports to this major market.

The export value of timber and wood products in Vietnam is estimated to reach over US$6 billion in the first five months of this year, an increase of 18% over the same period last year, according to General Department of Vietnam Customs.

Experts gathered in the Central Highlands province of Gia Lai on April 9 to seek measures to help local coffee businesses to adapt to the EU Deforestation Regulations (EUDR) and promote exports to the EU market in particular and the world in general.

VOV.VN - The European Chamber of Commerce in Vietnam (EuroCham) will maintain close co-ordination with Vietnam as it seeks to seize upon fresh opportunities to expand co-operation in important fields.

Vietnam is ready to enlist as an ally in the EU's fight against deforestation to showcase its dedication to environmental responsibility.