Despite the impacts from the COVID-19 pandemic, wood and wooden product exports still posted impressive growth due to the efforts of many businesses to apply advanced technology, develop new products, and make use of online marketing channels.

VOV.VN - China tops the list of 14 countries who made investments into the Vietnamese wood industry, with a total of 23 projects throughout 2020.

Vietnam’s wood industry secured 63 new foreign direct investment (FDI) projects worth US$372.68 million in 2020, down 36% and 49% on-year, respectively.

Business in the wood industry will have a chance to seek buyers and boost export during the Vietnam Furniture Matching Week 2021, scheduled to take place in Ho Chi Minh City from April 12 to 19.

VOV.VN - The opening nine months of the year saw the export value of timber and forestry products reach an estimated figure of US$8.97 billion, up 12% from the same period last year, according to a report released by the Vietnam Timber and Forest Product Association (Vifores).

To expand Vietnam’s wood industry sustainably, its development strategy must not only focus on the policies of importing countries but also domestic priorities.

Vietnam is aiming to build a transparent and legal wood industry to support exports of timber products and bolster the domestic timber manufacturing industry.