23.9 C
Ho Chi Minh City
Friday, December 12, 2025

spot_img

TAG

wood industry

Woodwork industry in Mekong Delta

The Mekong Delta has long been perceived solely as a land for cultivating paddy, fruit trees, fish and shrimp. This mindset, entrenched over many years, has become an invisible barrier, preventing the country’s most fertile region from being systematically integrated into national strategies for forestry and timber development. Vietnam’s wood and woodwork exports totaled approximately US$13.4 billion in 2023, reflecting the impact of weaker global demand. The industry rebounded strongly in 2024, with exports rising 20.3% year-on-year to US$16.25 billion, securing Vietnam’s position among the world’s top five woodwork exporters. Furniture shipments contributed US$6.44 billion, representing 30.4% of total exports. The United States remained Vietnam’s largest market, accounting for more than 55% of overall woodwork exports. Despite robust export growth, Vietnam’s woodwork industry remains heavily reliant on imported raw materials. In 2024, wood and wood product imports reached US$2.81 billion, a 28.1% increase from 2023. Raw wood alone accounted for approximately US$2.4 billion, representing 85.2% of total imports. Sawn timber imports rose sharply to 2.39 million cubic meters, valued at US$923 million—up 66.4% year-on-year. In the first half of 2025, Vietnam imported 2.5 million cubic meters of timber worth US$838.4 million, marking a significant rise in both volume and value […]
To read more, please click here.

A tougher road for wood industry

Vietnam’s woodwork industry is grappling with a critical weakness in raw materials amid stricter origin-tracing requirements A truck laden with acacia wood, harvested from Le...

Vietnam projects US$16 billion in wood exports for 2024

HCMC - Vietnam's wooden products exports had generated around US$13.2 billion in the year to October, a 12% year-on-year increase, and are projected to...

Vietnam’s wood exports near year-end target

HCMC - Vietnam’s wood exports reached an estimated US$14.6 billion between January and November, edging closer to the target of US$15.2 billion for this...

Confiscated timber no longer classified as legal

HCMC – Vietnam will no longer consider confiscated timber as legal under the new regulations set forth in Decree 120/2024, which takes effect on...

A bumpy road back to domestic market

Even though Vietnam is among the top five global exporters of wooden furniture, local brands are still struggling to gain popularity in the home...

Vietnam strengthens control over wood imports

HCMC – Vietnam has tightened regulations on wood imports to align with international commitments on sustainable forest management and enhance the global competitiveness of its...

Timber exports seen declining 15.5% this year

HCMC – Vietnam's timber industry is expected to see a 15.5% year-on-year drop in exports, totaling US$13.5 billion, according to the Vietnam Timber and...

Small markets, big opportunities

Amidst challenging economic conditions, a Vietnamese insulation materials company has experienced significant growth by focusing on core production and implementing a new management approach. The...

Latest news

spot_img