The wood processing industry has set an export goal of US$20 billion by 2025.
A timber production line of the Lam san Da Lat Processing Exploiting Company Limited in the southern province of Lam Dong.
The wood processing industry has set an export goal of US$20 billion by 2025, said Minister of Agriculture and Rural Development Nguyen Xuan Cuong at a working session with the Vietnam Timber and Forest Product Association (VIFORES) in Ha Noi on Thursday.
In 2019, the forestry industry (including timber) was one among the three sectors with export turnover of over $10 billion, he said, adding that Viet Nam has advantages in wood material sources.
Chairman of VIFORES Do Xuan Lap said to achieve the target, forestry and wood processing associations should seek a comprehensive solution to complete the building of an economic value chain for the sector.
He suggested zoning off concentrated production areas for wood enterprises, improving high-quality human resource training, and selecting the best wood raw material for development.
Meanwhile, Chairman of the HCM City Association of Fine Arts and Wood Processing Nguyen Quoc Khanh recommended expanding investment in value chains from production, design, and trade to brand building for wood products. — VNS
Vietnam’s wood exports are predicted to reach US$12 billion during the course of 2020 following the wood processing industry’s great success during 2019, according to the Ministry of Industry and Trade.
The wood industry is seeking new supply sources with legal origin certificates, aiming for sustainable development of the industry.