Vietnamese exporters are entering the final countdown to comply with the European Union's Deforestation Regulation (EUDR), as the bloc completes the last legal and technical steps before the new rules take effect.
Vietnamese agricultural products that meet stringent sustainability standards are beginning to command premium prices in international markets.
Vietnam's wood industry is seeking to maintain export momentum and reach its US$19 billion target this year by diversifying markets and building more transparent, legal and sustainable supply chains.
Vietnamese trade representatives around the world issued warnings and practical advice at a hybrid trade promotion conference in Hanoi on July 7, urging firms to move fast to keep export momentum alive.
Vietnam needs to accelerate the development of a unified national database for farming areas to comply with the European Union's anti-deforestation regulation (EUDR) and support the digital transformation of agriculture, experts said at a conference on June 23.
Vietnam is speeding up the development of a 2020 forest boundary map to help exporters comply with the European Union Deforestation Regulation (EUDR) and reduce risks for key export sectors such as coffee, rubber and timber when accessing the EU market.
As global markets impose increasingly stringent technical standards, innovation and digital transformation are becoming essential for Vietnamese agricultural exporters to stay competitive, optimise costs and achieve sustainable growth.
The Vietnam Timber and Forest Product Association (Viforest) has set an ambitious goal of reaching US$25 billion in exports by 2030, as the sector charts a course toward sustainable development amid growing global trade challenges.
The Management and Sustainable Development Institute (MSD) held a training workshop in Hanoi on November 6 on “environmental, social, and governance (ESG) – the key to unlocking green markets and finance for Vietnamese agribusinesses”.
The Department of Forestry and Forest Protection under the Ministry of Agriculture and Environment has launched WoodID, a mobile AI application that identifies wood species, which can recognise over 260 types of wood so far.