Experts argued that stronger local demand could reduce the sector''s dependence on overseas markets and improve its resilience to global economic shocks
The target of $25 billion could be beyond reach if the industry continues to rely on short-term sources and imported raw materials, said Bùi Trung Nghĩa, deputy chairman of the Vietnam Chamber of Commerce and Industry (VCCI).
Despite headwinds from Middle East tensions that have pushed up freight and logistics costs, exports of wood and wood products were estimated at $1.53 billion in June, lifting first-half export turnover to $8.54 billion, up 4.4 per cent from a year...
It becomes pressing for the ASEAN’s furniture industry to strengthen regional cooperation to build transparent and sustainable timber supply chains as export markets impose stricter environmental, traceability and sustainability standards, experts said on June 26.
Việt Nam’s wood industry is seeking clearer VAT rules as inconsistent enforcement across provinces raises compliance risks, delays tax refunds and complicates export supply chains.
Canada has initiated a global safeguard investigation into certain imported wood products, the Trade Remedies Authority of Việt Nam said, urging preparations for appropriate response strategies.
Canadian Wood Vietnam, part of Forestry Innovation Investment (FII) - a provincial agency of the Government of British Columbia (B.C.), Canada, has recently reaffirmed its commitment to the Vietnamese wood industry by maintaining a consistent presence across key industry platforms.
Positive market signals mean Việt Nam’s wood industry is expected to achieve exports of US$18–19 billion this year, according to the Handicraft and Wood Industry Association of HCM City (HAWA).
The tariff increases on finished wood products, including upholstered chairs, kitchen cabinets and bathroom cabinets will be delayed by one year, from January 1, 2026 to January 1, 2027, under the US President Donald Trump’s decision on adjusting import tariffs...
HCM City’s wood processing industry has set a target of reaching US$15 billion in export revenue by 2035, with 80 per cent of products meeting green and sustainable standards, according to the Handicraft and Wood Industry Association of HCM City...
Canadian lumber is gaining recognition in Việt Nam for its sustainability credentials and technical reliability, noted Vince Trần, the country director of Canadian Wood Vietnam, at the ongoing VietnamWood 2025 – one of Việt Nam''s largest international woodworking trade fairs in HCM City.
The industry is undergoing a positive transition. If pursued decisively, Việt Nam could establish a lasting competitive advantage in the global plywood market, according to experts.
HCM City is poised to become one of the world’s leading hubs for wood and furniture production and export as the global market enters a recovery cycle and demand for green, sustainable products continues to rise, speakers said at a...