Vietnam's exports of timber and wood products have decreased due to the impact of high inflation in the export market, according to the Ministry of Industry and Trade.

Vietnam is set to grant a licence under the Voluntary Partnership Agreement/FAO-EU Forest Law Enforcement, Governance and Trade (FLEGT) Programme to wood exports in 2025, after it completes preparing necessary conditions, reported a government official familiar with the sector.

VOV.VN - Among the top 5 agro-fishery products with an export turnover of over one US$ billion, wood exports are anticipated to grow by between 5% and 8% in the first half of 2022.

VOV.VN - The first quarter of the year saw the export turnover of timber and wood products reach an estimated US$3.94 billion, a year-on-year rise of 3%, according to the Import-Export Department under the Ministry of Industry and Trade.

Vietnam's wood processing and furniture industry has made big strides over the past decade, heard a workshop in Ho Chi Minh City on March 25.

VOV.VN - The total export turnover of timer and forestry products this year reached a new record of nearly US$16 billion, representing a trade surplus of nearly US$13 billion.

VOV.VN - Despite the impact of the COVID-19 pandemic, the timber industry is likely to rake in US$15.6 billion from exports this year, enjoying an export surplus of US$12.6 billion, the Vietnam Administration of Forestry (VNFOREST) revealed at a review meeting on December 17.

VOV.VN - Despite the negative impact of the COVID-19 pandemic, there remains ample space to bolster Vietnamese furniture and wood exports to the United States in the near future, according to industry insiders.

VOV.VN - Vietnamese timber and wood exports to the United Kingdom during the past nine months surged by 25% year on year to US$201.2 million as local firms have effectively maximised incentives from the UK-Vietnam Free Trade Agreement (UKVFTA).

VOV.VN - Despite experiencing a downward trajectory in August and September, the nation’s timber and wood exports to Japan during the opening nine months of the year surged 10% to reach US$1.02 billion against the same period last year, according to the General Department of Vietnam Customs.