Wood sector regaining footing as orders turn around

Many wood businesses have received orders for the remaining months of this year after the protracted logjam, sending rosy signs to the domestic timber industry.

Wood sector regaining footing as orders turn around hinh anh 1

Many wood businesses have received orders for the remaining months of this year.

Many wood businesses have received orders for the remaining months of this year after the protracted logjam, sending rosy signs to the domestic timber industry.

The Agency of Foreign Trade under the Ministry of Industry and Trade (MoIT) reported that the export value of wood and wood products reached about 1.2 billion USD last month, down 7% from August, but up 6.7% against the same period last year.

The agency raised a bullish outlook for the sector in the last months based on the positive developments of the housing market, and the increasing demand for interior design for the new year.

Vice Chairman of the Handicraft and Wood Industry Association of Ho Chi Minh City (HAWA) Nguyen Chanh Phuong said the industry has seen signs of improvements since May, and forecast that the revenue will hit about 14-14.5 billion USD in the year.

Wood sector regaining footing as orders turn around hinh anh 2

Export value of wood and wood products reaches about 1.2 billion USD last month. (Photo: VNA)

D’Furni JSC said order books are full until the first quarter of 2024, adding its branches in North America have worked to maintain orders from traditional customers while expanding cooperation through big projects.

Tran Hoai Huu, Director of Gia Nhien Co., Ltd., said after a period of freeze, export orders have turned around, many of them from Poland, the Netherlands, Germany, Croatia and Italy, among others.

However, high input costs have remained a headache for many businesses, leading to no significant improvements in revenue. Besides, the ongoing conflicts with no signs of cooling down have also impacted the recovery of the industry./.

Source: VNA
en.vietnamplus.vn

Related News

Despite recovery, wood and product exports face new challenges

Despite recovery, wood and product exports face new challenges

VCN - The market is recovering positively, the number of wood orders that businesses receive is increasing, especially with the main export market of the United States, the export value in the first 8 months of the year increased by 26.2% compared to the same period in 2023.
Despite recovery, wood and wood products export face new challenge

Despite recovery, wood and wood products export face new challenge

VCN - The market is recovering positively, the number of wood orders that businesses receive is increasing, especially with the main export market of the United States, the export value in the first 8 months of the year increased by 26.2% compared to the same period in 2023.
Wood exports started well

Wood exports started well

VCN - After a year of missing the growth target, the year of 2024 exporting wood and wood products has had a good start, but there are still many potential risks.
Import and export in the first quarter: clearer and clearer bounce- back trend

Import and export in the first quarter: clearer and clearer bounce- back trend

VCN - As calculated, total import-export turnover of goods in the first quarter of the year reached over 178 billion USD, up 15.5% year on year. Both exports and imports achieved high growth rates, clearly showing a recovery trend.

Latest News

VN

VN's car industry to diversify supply chain

While China remains a significant supplier, recent trade data highlights Việt Nam’s efforts to diversify supply to meet industry demands.
Exports of agro-forestry-aquatic products down nearly 5 per cent in January

Exports of agro-forestry-aquatic products down nearly 5 per cent in January

Việt Nam’s export value of agro-forestry-aquatic products was estimated at US$5.08 billion in January, marking a 4.9 per cent decline compared to the same period last year.
Thailand reviews anti-dumping tax on Vietnamese steel

Thailand reviews anti-dumping tax on Vietnamese steel

TRAV recommended that the Việt Nam Steel Association (VSA) notify relevant local manufacturers and exporters to answer the investigation questionnaire within the prescribed deadline.
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.

More News

Pangasius fetch record price in early 2025

Pangasius fetch record price in early 2025

Currently, larger pangasius weighing over 1.2kg, are selling at VNĐ32,440 (US$1.29) per kilogram, a record high not seen since 2022.
Việt Nam and India trade reached $15 billion in 2024

Việt Nam and India trade reached $15 billion in 2024

Trade relations between Việt Nam and India continue to flourish, with bilateral trade turnover reaching around US$15 billion in 2024.
Việt Nam

Việt Nam's port firms thrive in 2024

Strategic investments and expansions are expected to further enhance the sector’s performance.
Software exporter looks to new pace of growth

Software exporter looks to new pace of growth

FPT Software (F-Soft) Đà Nẵng plans to earn VNĐ3.6 trillion (US$144 million) in exports in 2025 after introducing a third campus at the FPT Complex and signing a strategic deal with the city.
Việt Nam

Việt Nam's exports to EU see impressive recovery in 2024

Việt Nam’s exports to the EU made an impressive recovery in 2024, reaching nearly US$51.7 billion, an increase of $8.08 billion compared to 2023.
Việt Nam–CPTPP trade turnover exceeds $100 billion

Việt Nam–CPTPP trade turnover exceeds $100 billion

The turnover accounts for 13.1 per cent of Việt Nam’s total import-export turnover last year.
E-commerce, a game changer for textile manufacturers

E-commerce, a game changer for textile manufacturers

According to a Việt Nam Textile and Apparel Association (VITAS) report, the proportion of textile businesses adopting e-commerce strategies has increased from 7-8 per cent in 2021, to over 20 per cent by the end of last year.
China remains the largest market for Việt Nam’s cassava and cassava products

China remains the largest market for Việt Nam’s cassava and cassava products

China accounted for 92.85 per cent of the total export volume and 91.77 per cent of the total export value, amounting to 2.43 million tonnes worth $1.06 billion.
Hải Phòng seaport system strives to handle 112 million tonnes of cargo this year

Hải Phòng seaport system strives to handle 112 million tonnes of cargo this year

The Hải Phòng Maritime Port Authority will coordinate with the municipal People’s Committee and relevant sides to find locations for dumping waste from construction, dredging, and maintenance activities.
Read More

Your care

Latest Most read
VN

VN's car industry to diversify supply chain

While China remains a significant supplier, recent trade data highlights Việt Nam’s efforts to diversify supply to meet industry demands.
Exports of agro-forestry-aquatic products down nearly 5 per cent in January

Exports of agro-forestry-aquatic products down nearly 5 per cent in January

Việt Nam’s export value of agro-forestry-aquatic products was estimated at US$5.08 billion in January, marking a 4.9 per cent decline compared to the same period last year.
Thailand reviews anti-dumping tax on Vietnamese steel

Thailand reviews anti-dumping tax on Vietnamese steel

TRAV recommended that the Việt Nam Steel Association (VSA) notify relevant local manufacturers and exporters to answer the investigation questionnaire within the prescribed deadline.
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.
Pangasius fetch record price in early 2025

Pangasius fetch record price in early 2025

Currently, larger pangasius weighing over 1.2kg, are selling at VNĐ32,440 (US$1.29) per kilogram, a record high not seen since 2022.
Mobile Version