Bright outlook for domestic timber industry

Bright outlook for domestic timber industry

Vietnam should develop a generation of young entrepreneurs in the timber industry, and consider it a sector for startups, said President of the Handicraft and Wood Industry Association (HAWA) of HCM City Nguyen Quoc Khanh. ​
Timber legality assurance system issued, Vietnamese timber will be directly exported to EU

Timber legality assurance system issued, Vietnamese timber will be directly exported to EU

VCN- On September 1, the Prime Minister issued Decree No. 102/2020/ND-CP on the Vietnam Timber legality assurance system with specific regulations.
Vietnam likely to gain export target for timber and wooden products

Vietnam likely to gain export target for timber and wooden products

Experts believe Vietnam this year will reach its export target for timber and wooden products at US$12 billion, despite the impact of the COVID-19 pandemic.
Facing a series of legal risks, what should the wood industry do?

Facing a series of legal risks, what should the wood industry do?

VCN- According to Dr. To Xuan Phuc, an expert of Forest Trend, illegal timber has become a problem in Russia with a rate of about 10-60% of the total supply of raw wood from this country.
Export growth of timber industry likely to plummet to 0%

Export growth of timber industry likely to plummet to 0%

The novel coronavirus (COVID-19) has served to have a negative impact on Vietnam’s timber industry with the industry poised to record export growth equal to 0% this year, according to insiders.
Happy while worry when FDI into the timber industry increases

Happy while worry when FDI into the timber industry increases

VCN - Foreign direct investment (FDI) is one of the driving forces for the development of the timber industry.
Export of timber and wood products exceeds US$9 billion

Export of timber and wood products exceeds US$9 billion

The export of timber and wood products has exceeded the US$9 billion mark for the first time during the first 11 months of the year, according statistics released by the General Department of Vietnam Customs.
Hai Phong Customs seize containers of illegally imported timber

Hai Phong Customs seize containers of illegally imported timber

VCN- Currently, HaiPhong Customs Department has collected evidence, documents and arehandling the case in accordance with the law.
The EVFTA can increase export of timber to the EU to US$1 billion

The EVFTA can increase export of timber to the EU to US$1 billion

VCN - Nguyen Ton Quyen (photo), Deputy Chairman and General Secretary of Vietnam Timber and Forest Product Association said that the EVFTA will create many opportunities for Vietnam’s wood industry,
VPA / FLEGT comes into force: Timber to the EU is unlikely to be breakthrough

VPA / FLEGT comes into force: Timber to the EU is unlikely to be breakthrough

VCN- According to the General Department of Forestry (Ministry of Agriculture and Rural Development), timber and timber products and forest products are an important export product of Vietnam and have continuously grown over the last decade.
VPA / FLEGT comes into force: Timber to the EU is unlikely to be an immediate breakthrough

VPA / FLEGT comes into force: Timber to the EU is unlikely to be an immediate breakthrough

VCN - Timber, timber products and forest products are an important export product of Vietnam and have continuously grown over the last decade
Abolishing 3 circulars on import-export tax policy

Abolishing 3 circulars on import-export tax policy

The Ministry of Finance issued Circular 95/2018/TT-BTC on abolishing a number of Circulars in import-export duty field.
Wood exports hit US$3.3 billion in 5 months

Wood exports hit US$3.3 billion in 5 months

Exports of wood and timber products continue its upward trend, showing through their export value hitting US$3.3 billion in the first five months of this year, a year-on-year rise of 8.2%.
Vietnam accounts for 6% of world’s timber, wooden furniture market

Vietnam accounts for 6% of world’s timber, wooden furniture market

Vietnam exports account just 6 percent of the global timber and wooden furniture market which is estimated at 120 billion USD
Domestic Timber: Need policy as lever?

Domestic Timber: Need policy as lever?

VCN- According to the reporter, now if we compare the market share of Vietnamese wooden products with that of imported products from foreign markets, Vietnamese wooden products still dominate by expanding to meet the demand of people from urban to rural a
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