Wood products exporters need to ensure sustainable timber sources: trade show

Exporters of wood products need to have sustainable timber sources and use advanced technologies to reduce labour, a trade show heard in Ho Chi Minh City.

Wood products exporters need to ensure sustainable timber sources: trade show hinh anh 1

A visitor at the ‘HCM City Products Week 2022: Handicraft & Home Décor’ that opened on Tuesday. (Photo courtesy of the HCM City Trade and Investment Promotion Centre)

Exporters of wood products need to have sustainable timber sources and use advanced technologies to reduce labour, a trade show heard in Ho Chi Minh City.

Speaking at the opening of the ‘HCM City Products Week 2022: Handicraft & Home Décor’ expo on July 19, Tran Phu Lu, deputy director of HCM City Trade and Investment Promotion Centre, said it is vital to build a transparent and legal wood industry to support exports.

This requires the Government and industry business groups to come up with mechanisms to encourage the use of domestically available timber.

“Wood businesses need to ensure the legality of imported timber and pay attention to issues related to the safety and health of workers.”

It is vital for them to comply with timber laws at each stage, including harvesting, importing, purchasing, selling, transporting, processing, and exporting, he warned.

They need to expand cooperation with households allotted forests to tend to ensure a sustainable source of raw materials, he added.

Experts said wood businesses should persify their supply of timber, reducing the proportion of imports from tropical countries and increasing the proportion from low-risk sources.

More than 1,100 handicrafts and wood furniture products from 32 leading enterprises are on display at the exhibition being held until July 25.

Vietnam has become the world’s sixth largest exporter of wood and wooden products with a more than 4% global market share, second largest in Asia, and biggest in the Southeast Asia, putting it under scrutiny from major trading partners.

Besides sourcing locally, Vietnam also imports raw timber, including from tropical countries. The volume of tropical wood imported annually is around 1.5 million cubic metres, or 30% of total imports, mostly from Africa.

According to statistics from the General Department of Customs, despite the impact of the COVID-19 pandemic, exports of wood and wooden products grew by 17.6% last year to 14.12 billion USD.

Vietnamese wood and wood products are present in more than 163 countries.

In the first half of this year, HCM City’s exports were up 13.8% year-on-year./.

Source: VNA
en.vietnamplus.vn

Related News

Maintain fiscal policy to "open the way" for the economy in 2024

Maintain fiscal policy to "open the way" for the economy in 2024

VCN - According to Dr. Can Van Luc, member of the National Financial and Monetary Policy Advisory Council (as picture), to maintain high and sustainable growth momentum in the next 1-2 years, the Government still needs to continue to prioritize fiscal policy tools with the support of monetary policy to promote domestic aggregate demand. In particular, to further accelerate economic recovery, it is necessary to apply support policies similar to the Covid-19 epidemic and "stimulate" consumption and private investment.
Customs collects nearly VND35,000 billion within one month

Customs collects nearly VND35,000 billion within one month

VCN - In April, the Customs revenue saw a significant increase compared to the previous month.
Customs revenue rises thanks to 3 imported groups

Customs revenue rises thanks to 3 imported groups

VCN - The economy in the first four months of 2024 is showing positive signs when import-export activities recover strongly, pushing up the trade turnover. In particular, both exports and imports recorded strong growth in many groups, contributing significantly to the revenue results of the Customs sector.
Vietnam has a trade deficit of over US$17 billion with China

Vietnam has a trade deficit of over US$17 billion with China

VCN – In the first quarter 2024, Vietnam-China trade reached US$43.6 billion. The country had a large trade deficit.

Latest News

Find solutions to attract goods through the first specialized container port in Vietnam

Find solutions to attract goods through the first specialized container port in Vietnam

VCN- As the first specialized container port in Vietnam with 25 years of operation, the volume of goods passing through the international container port of Vietnam (VICT) is still very modest. Mr. Truong Nguyen Linh, Deputy General Director of VICT port, has shared solutions to attract cargo through this port.
Textiles and footwear in a greening spiral

Textiles and footwear in a greening spiral

VCN - More and more regulations on sustainable development are issued in major markets such as the US and EU, imposing pressure on Vietnamese textile and garment enterprises to be faster on the green roadmap.
Agricultural, forestry and fishery product exports continue to "scoring points"

Agricultural, forestry and fishery product exports continue to "scoring points"

VCN - In the first four months of 2024, the country's total export turnover of agricultural, forestry and fishery products is estimated to reach more than US$19 billion, an increase of 23.7 percent compared to the same period last year. Most key agricultural and forestry export products increased higher than the same period last year as well as the export value to all markets increased.
Build and protect the rice value chain against market fluctuations

Build and protect the rice value chain against market fluctuations

VCN - Due to recent risks and challenges,business performancehave been badly hurt andmany chain links have been under threats ..., the rice industry needs to enhance the role of ministries, branches, localities, and farmers and businesses in building and protecting the rice value chain against market fluctuations.

More News

VN

VN's Steel industry ranks 12th in world crude steel production

This accomplishment not only highlights the industry’s rapid growth in production output but also signifies its increasing independence and diversification of product types.
Chu Lai Port installs specialised crane system

Chu Lai Port installs specialised crane system

Chu Lai International Port belonging to Trường Hải International Logistics Limited Liability Company (THILOGI) has installed a new specialised crane system that costs more than VNĐ400 billion (US$15.7 million).
The processing and manufacturing industry increased by 6.3% in 4 months

The processing and manufacturing industry increased by 6.3% in 4 months

VCN - Continue the recovery momentum from the end of 2023, industrial production in April and the first 4 months of 2024 continues to show a positive trend. Of which, the processing and manufacturing industry increased by 6.3%.
Corporate profits enter recovery cycle

Corporate profits enter recovery cycle

VCN - The recently released Q1 2024 business results update by SSI Securities Corporation shows that corporate profits may have overcome the most challenging period and entered a phase of recovery and more stable growth.
Focusing on the "readiness" factor waiting for foreign investors in the high-tech field

Focusing on the "readiness" factor waiting for foreign investors in the high-tech field

VCN - According to a representative of the Ministry of Planning and Investment (MPI), investment by foreign corporations and businesses depends on many factors, but it is necessary to focus on factors related to Vietnam's readiness.
Exploiting the potential of Dong Nai

Exploiting the potential of Dong Nai's largest seaport

VCN - Phuoc An Port - the largest seaport in Dong Nai is expected to come into operation in July 2024, which will contribute to a significant increase in the amount of goods arriving at Dong Nai seaport. In order to meet the needs of import and export and create favorable conditions for businesses, customs management units in the area also need to change their model.
Hanoi calls for investments in six urban areas projects

Hanoi calls for investments in six urban areas projects

Hanoi is calling for investment in six urban areas projects in Dong Anh district worth a total of 34 trillion VND (1.3 billion USD).
The food industry aims to green packaging

The food industry aims to green packaging

VCN - Greening food packaging is not only a trend but also a strategic transformation of businesses to meet environmental requirements. Therefore, businesses need to focus on using environmentally friendly packaging materials that are easy to recycle while ensuring product quality.
"The key" to growth motivation for enterprises

"The key" to growth motivation for enterprises

VCN - Unlocking growth motivations is an urgent requirement from the Government to help enterprises and the economy quickly recover. But unlocking the driving motivations must be accompanied by drastic reforms in institutions and the business environment to create conditions and increase confidence for enterprises to step forward.
Read More

Your care

Latest Most read
Find solutions to attract goods through the first specialized container port in Vietnam

Find solutions to attract goods through the first specialized container port in Vietnam

VCN- As the first specialized container port in Vietnam with 25 years of operation, the volume of goods passing through the international container port of Vietnam (VICT) is still very modest. Mr. Truong Nguyen Linh, Deputy General Director of VICT port,
Textiles and footwear in a greening spiral

Textiles and footwear in a greening spiral

More and more regulations on sustainable development are issued in major markets such as the US and EU, imposing pressure on Vietnamese textile and garment enterprises to be faster on the green roadmap.
Agricultural, forestry and fishery product exports continue to "scoring points"

Agricultural, forestry and fishery product exports continue to "scoring points"

In the first four months of 2024, the country's total export turnover of agricultural, forestry and fishery products is estimated to reach more than US$19 billion, an increase of 23.7 percent
Build and protect the rice value chain against market fluctuations

Build and protect the rice value chain against market fluctuations

VCN - From a business perspective, Mr. Dinh Minh Tam, Director of Co May Co., Ltd. (Dong Thap) said that in the first months of the year, the company's main export markets all grew well.
VN

VN's Steel industry ranks 12th in world crude steel production

This accomplishment not only highlights the industry’s rapid growth in production output but also signifies its increasing independence and diversification of product types.
Mobile Version