Wood industry faces many variables in key markets

Wood industry faces many variables in key markets

VCN - At the conference of the wood and forestry processing and export industry in the third quarter of 2024 held last weekend, Mr. Trieu Van Luc, Deputy Director of the Department of Forestry, Ministry of Agriculture and Rural Development, said that with
Dual benefits for the wood industry from creating carbon credits

Dual benefits for the wood industry from creating carbon credits

Investing in sustainable development and reducing emissions not only helps the wood industry gain more revenue from carbon credits but also helps increase competitiveness and the ability to penetrate large markets
Wood industry towards export links

Wood industry towards export links

VCN - A lot of positive information about the export of wood products was raised by experts and businesses at the Vietnam Furniture and Wood Industry Forum in Ho Chi Minh City last weekend. Ms. Tran Nhu Trang, representative of SIPPO Program in Vietnam, s
Wood industry struggles to reach the target of 18 billion USD

Wood industry struggles to reach the target of 18 billion USD

VCN - The export of wood and wood products to the United States dropped sharply, making it difficult for the wood industry to achieve its target of 18 billion USD in 2023.
Risks surrounding the wood industry in the coming quarters

Risks surrounding the wood industry in the coming quarters

VCN – In addition to the export of wood and wood products decreasing by 28.3% in the first quarter of 2023 compared to the same period in 2022, many signals in the world market showed that the import and export dynamics of the wood industry would not be t
Remove difficulties for forest products to be ready to "catch up" when the market recovers

Remove difficulties for forest products to be ready to "catch up" when the market recovers

VCN - There is a specific credit package from the Social Policy Bank for businesses to pay workers in 2023 and be delayed the time to pay social insurance, excluding interest in 2023.
Wood industry strives to regain growth momentum

Wood industry strives to regain growth momentum

Faced with a slump in export orders, woodworking firms have been striving to stay afloat in various ways.
Wood industry makes most of each advantage to fulfil set targets

Wood industry makes most of each advantage to fulfil set targets

Global political and economic fluctuations in 2022 have affected import and export activities, especially those of enterprises operating in the wood manufacturing and processing industry, making them calculate each step in the year-end period to achieve the set targets.
Exports to the US drop resulting in a decline of the growth momentum of wood industry

Exports to the US drop resulting in a decline of the growth momentum of wood industry

Wood enterprises need to make the most of the signed and effective Free Trade Agreements (FTAs) to increase exports
Increasing wood exports to Canada, opportunities to expand the North American market

Increasing wood exports to Canada, opportunities to expand the North American market

It is forecasted that Vietnamese furniture and interior decoration products still have many opportunities to boost exports to Canada
Wood industry fosters chief information officers to speed up digital transformation

Wood industry fosters chief information officers to speed up digital transformation

The National Private Economic Development Research Board and the Handicraft and Wood Industry Association of HCM City have launched an initiative to develop a chief information officer network for the wood and wood processing industry to foster its digital transformation.
Workshop talks long-term development strategy for wood industry

Workshop talks long-term development strategy for wood industry

Vietnam's wood processing and furniture industry has made big strides over the past decade, heard a workshop in Ho Chi Minh City on March 25.
Wood industry faces fierce competition for imported raw materials

Wood industry faces fierce competition for imported raw materials

VCN - According to the report "The impact of the Russia-Ukraine war on the current and future Vietnamese wood industry" published at the seminar "Russia-Ukraine conflict and its potential impact on Vietnam's wood industry" on March 9, Russia is not an imp
The high price of imported wood materials "fainted" because of lack of supply

The high price of imported wood materials "fainted" because of lack of supply

VCN - Raw wood from low-risk sources such as the US and European countries is scarce, pushing up prices. Currently, many suppliers are offering timber to Vietnamese businesses at a much higher price than before.
Vietnam"s wood industry moving towards transparent trade

Vietnam"s wood industry moving towards transparent trade

The Vietnamese wood manufacturing and processing industry needs to be more cautious to show other countries that Vietnam is moving towards transparent trade and is a reliable partner.
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