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’s export of timber and wood products during the first quarter of the year soared by 18.9% to reach US$3.4 billion against the same period last year, according to data given by the General Department of Vietnam Customs.

Strengthening linkages and cooperation between foreign-invested and domestic enterprises will contribute to promoting the sustainable development of the Vietnamese wood industry, according to insiders.

Vietnam boasts great potential to bolster exports of wood pellets as global demand for the fuel pellets is increasing, according to insiders.

VOV.VN - The Republic of Korea (RoK) and Japan have become the two largest importers of Vietnamese wood pellets, consuming more than 95% of Vietnam’s total export volume of the product, according to the Vietnam Timber and Forest Product Association.

VOV.VN - The export of wood and wooden products continued a downward trajectory, with the export value hitting US$5.1 billion over the past five months of this year to mark a year-on-year fall of 27%.

VOV.VN - Prime Minister Pham Minh Chinh on April 13 told the forestry and seafood industries to increase product quality and competitive capacity toward earning US$17.5 billion and US$10 billion in export turnover respectively this year.

VOV.VN - Despite the import proportion of Vietnamese wood furniture only accounting for 15.3% of Canada’s total import value last year, Vietnam remains the fourth largest wood furniture supplier to the North American country, according to details given by the General Department of Vietnam Customs.

VOV.VN - Six Vietnamese businesses took part in January Furniture Show 2023, Britain’s largest annual furniture show, in Birmingham from January 22-25.