After achieving the goal of US$13 billion this year, wood exports aim for US$14.5 billion next year

VCN - According to Deputy Minister of Agriculture and Rural Development Ha Cong Tuan, by 2020, the expected total export turnover of timber and non-timber forest products will reach US$13 billion. The entire forestry sector has set an export target of US$14.5 billion in 2021 and US$20 billion by 2025 is not unreasonable.
Vietnam seeks opportunities to promote wood exports to Canada Vietnam seeks opportunities to promote wood exports to Canada
Wood exports hit nearly US$9 billion over nine-month period Wood exports hit nearly US$9 billion over nine-month period
"Disillusioned" when wanting to boost wood exports to the EU thanks to EVFTA
0047-0832-gyp-myt
Overview of the meeting

Export for the whole year reached US$13 billion

Answering questions from Customs Newspaper, Deputy Minister of Agriculture and Rural Development Ha Cong Tuan affirmed that in recent years, export turnover of wood and non-timber forest products has grown rapidly by over 10% per year, mainly wood products.

The noteworthy point is that the growth rate of the export of non-timber forest products has increased rapidly, maintaining 30-46% in recent years, much higher than the growth rate of wood products.

By 2020, to November, the total export value has reached US$11.7 billion, up about 15% compared to US$10.1 billion of the same period last year.

Although affected by the Covid-19 pandemic, according to leaders of the Ministry of Agriculture and Rural Development, from the Government to ministries and agencies, all actively support policies such as credit policies, tax deferral, time extensions of user fees. The policy is not immediately effective because there is always a delay but has created a great source of strength and confidence for businesses.

"From the corporate perspective, it is difficult for businesses to turn to internet transactions, online sales. There are entrepreneurs who are ready to mortgage personal property to have capital to retain employees. Employees do not quit their jobs or change jobs. Some businesses have taken advantage of opportunities from the changes of international markets, trade relations with big markets like the US, China.All create general results,” Deputy Minister Ha Cong Tuan said.

US$20 billion is not unrealistic

Affirming that the export of timber and non-timber forest products for the whole year will definitely reach the target ofUS$13 billion, Deputy Minister Ha Cong Tuan also saidthat, in 2021, the export target strives to reachUS$14.5 billion, with a growth rate of 10% compared to this year, in the condition that nothing special arises, especially in large markets.

0048-3507-go
Export of wood and non-timber forest products in recent years has maintained a growth rate of over 10%/year. Photo: Nguyen Thanh

This result creates momentum for the forest products industry to reach an export figure ofUS$20 billion by 2025. To reach US$20 billion, each year to come an average increase of US$1.4 billion, this is possible. However, the results did not come naturally.

Deputy Minister Ha Cong Tuan said, firstly, if the problem of international markets is not solved, there is no room for export growth, especially in big markets. Currently, the export value of Vietnam's forest products has reached over 6% of the total export value of this product globally, the goal is to increase by 10%.

Second, in order to ensure that the export figure ofUS$20 billion is achieved, 50 million cubic meters of raw material wood must be ensured by 2025. If there is only plantations with a small proportion of wood for chip production, or if there is not much room to import, domestic raw materials must increase.

Specifically, raw materials from planted forests must reach about 30 million m3 by 2025; at the same time trying to maintain and increase the import of raw materials from reputable and certified markets.

Third, from the perspective of investment attraction, according to Deputy Minister Ha Cong Tuan, enterprises are willing to invest but also must have solutions in terms of capital and technology, at least having land to create industrial zones.

“Currently, we are promoting the first industrial sector in the Central region, particularly in Nghe An. NgheAn has both a deep-water port and a very convenient railway and aviation network. In addition, it is necessary to select another area in the North to develop industrial zones in the wood industry, and at the same time to expand the area in Binh Duong and Dong Nai to have land for business investment,” Chief Ha Cong Tuan said.

According to the leaders of the Ministry of Agriculture and Rural Development, besides wood products, the export of NTFPs must maintain a good growth momentum, at about 30% / year, especially with products such as cinnamon, anise.

Wood exports to EU anticipated to make breakthroughs Wood exports to EU anticipated to make breakthroughs

As the European Union-Vietnam Free Trade Agreement (EVFTA) comes into force in August, the country’s timber and ...

By 2025, non-timber forestryproducts export must reach US$7 billion, so the target of US$20 billion of the whole industry is not unrealistic.

By Thanh Nguyen/ HuuTuc

Related News

Hai Phong Customs processes more than 1,500 declarations during 2025 Lunar New Year holiday

Hai Phong Customs processes more than 1,500 declarations during 2025 Lunar New Year holiday

VCN - During the 2025 Lunar New Year holiday, Hai Phong Customs Department processed 1,547 declarations.
In the first 15 days of 2025, total import-export turnover reached more than US$34 billion

In the first 15 days of 2025, total import-export turnover reached more than US$34 billion

VCN - Total import-export turnover in the first half of January 2025 reached more than US$34 billion, the trade balance had a deficit of nearly US$2 billion.
Spending US$380 billion for imports, China accounts for 38% of country

Spending US$380 billion for imports, China accounts for 38% of country's imports

VCN - In 2024, the total import turnover of the whole country reached US$380.76 billion, an increase of 16.7% year-on-year (or US$54.41 billion), according to statistics of the General Department of Customs.
Exports sets a record US$ 400 billion

Exports sets a record US$ 400 billion

VCN - By the end of 2024, Vietnam’s total export turnover increased by 14.3% year-on-year to US$ 405.53 billion, the General Department of Vietnam Customs reports.

Latest News

Embracing green exports: a pathway to enter global supply chains

Embracing green exports: a pathway to enter global supply chains

This shift presents both a challenge and an opportunity for Vietnamese businesses to innovate and enhance their competitive edge in the international arena.
New policy proposed to prevent transfer pricing, tax evasion of FDI enterprises

New policy proposed to prevent transfer pricing, tax evasion of FDI enterprises

The ministry proposes to issue a decree on the establishment, management and use of the Investment Support Fund to stabilise the investment environment, encourage and attract strategic investors and multinational corporations.
Việt Nam’s durian exports to China plummet by 80%

Việt Nam’s durian exports to China plummet by 80%

This sharp decline has had a direct impact on Việt Nam’s fruit and vegetable export revenue, which stood at US$416 million in January 2025, marking a 11.3 per cent decrease month-on-month and a 5.2 per cent drop year-on-year.
Coconut exports reach 14-year high

Coconut exports reach 14-year high

In 2024, fresh coconut and coconut product exports surpassed US$1 billion, marking the highest figure in the past 14 years.

More News

Shrimp exports grow in the first month of 2025

Shrimp exports grow in the first month of 2025

According to data from the Việt Nam Association of Seafood Exporters and Producers (VASEP), shrimp products recorded a 13 per cent increase in export value in January 2025, reaching a total of $273.3 million.
Rice export prices drop, but decline expected to be short-term

Rice export prices drop, but decline expected to be short-term

Việt Nam’s rice export prices have declined, reaching their lowest level in three years.
Key agro products expected to maintain export growth this year

Key agro products expected to maintain export growth this year

At present, agricultural exports, such as rice, coffee and seafood, have steadily secured a stable place in major global markets.
EU issues 12 warnings against Việt Nam’s food and agricultural exports

EU issues 12 warnings against Việt Nam’s food and agricultural exports

The Việt Nam SPS Office has reported that some Vietnamese export products failed to meet the EU’s stringent standards.
Việt Nam to impose VAT on low-value express-imported goods

Việt Nam to impose VAT on low-value express-imported goods

Việt Nam will end a previous policy that exempted imported goods valued under VNĐ1 million (US$39.4) from taxes when shipped via express delivery.
Exchange rate risks need attention in near future

Exchange rate risks need attention in near future

VCN - Exchange rate developments in 2025 are considered to be quite complicated due to US policies related to trade and investment.
Vietnam kicked off the year with a strong start in trade, exceeding US$63 billion in the first month

Vietnam kicked off the year with a strong start in trade, exceeding US$63 billion in the first month

VCN - Data from the General Department of Vietnam Customs indicates a softening of both exports and imports in January 2025, relative to the same month in 2024.
Import and export turnover reaches about US$29 billion in the second half of January 2025

Import and export turnover reaches about US$29 billion in the second half of January 2025

VCN - Vietnam's total import and export turnover in the second half of January 2025 (January 16-31, 2025) reached US$28.9 billion, the latest preliminary statistics of the General Department of Vietnam Customs reported.
Market edges up slightly as liquidity remains low

Market edges up slightly as liquidity remains low

Market breadth remained positive, with 161 gainers outnumbering 144 decliners.
Read More

Your care

Latest Most read
Embracing green exports: a pathway to enter global supply chains

Embracing green exports: a pathway to enter global supply chains

This shift presents both a challenge and an opportunity for Vietnamese businesses to innovate and enhance their competitive edge in the international arena.
New policy proposed to prevent transfer pricing, tax evasion of FDI enterprises

New policy proposed to prevent transfer pricing, tax evasion of FDI enterprises

The ministry proposes to issue a decree on the establishment, management and use of the Investment Support Fund to stabilise the investment environment, encourage and attract strategic investors and multinational corporations.
Việt Nam’s durian exports to China plummet by 80%

Việt Nam’s durian exports to China plummet by 80%

This sharp decline has had a direct impact on Việt Nam’s fruit and vegetable export revenue, which stood at US$416 million in January 2025, marking a 11.3 per cent decrease month-on-month and a 5.2 per cent drop year-on-year.
Coconut exports reach 14-year high

Coconut exports reach 14-year high

In 2024, fresh coconut and coconut product exports surpassed US$1 billion, marking the highest figure in the past 14 years.
Shrimp exports grow in the first month of 2025

Shrimp exports grow in the first month of 2025

According to data from the Việt Nam Association of Seafood Exporters and Producers (VASEP), shrimp products recorded a 13 per cent increase in export value in January 2025, reaching a total of $273.3 million.
Mobile Version