Vietnam’s wood industry continues to grow in 2022

  • Photo: The Yen Thanh JSC in the northern province of Yen Bai is able to manufacture annually 250,000 cu.m of plywood for export. VNA Photo: Tiến Khánh
    Photo: The Yen Thanh JSC in the northern province of Yen Bai is able to manufacture annually 250,000 cu.m of plywood for export. VNA Photo: Tiến Khánh
  • Photo: The Yen Thanh JSC in the northern province of Yen Bai is able to manufacture annually 250,000 cu.m of plywood for export. VNA Photo: Tiến Khánh
    Photo: The Yen Thanh JSC in the northern province of Yen Bai is able to manufacture annually 250,000 cu.m of plywood for export. VNA Photo: Tiến Khánh
  • Photo: The Yen Thanh JSC in the northern provinnce of Yen Bai is able to manufacture annually 250,000 cu.m of plywood for export. VNA Photo: Tiến Khánh
    Photo: The Yen Thanh JSC in the northern provinnce of Yen Bai is able to manufacture annually 250,000 cu.m of plywood for export. VNA Photo: Tiến Khánh
Vietnamese wood and furniture products are expected to grow in 2022 with an export turnover value of 20 percent higher than that of 2021 due to the purchasing demand of the international market along with meeting necessary factors in Free Trade Agreements (FTAs). Despite experiencing a difficult year after being heavily affected by the pandemic, the country’s exports of timber and non-timber forest products in 2021 was estimated at 15.6 billion USD, up by 18 percent compared to 2020. In which, the exports of wood and products reached 14.5 billion USD, up by 17.2 percent compared to 2020. Vietnam’s timber and forest products are exported to over 140 countries and territories, of which the main markets are the US, Japan, China, EU and South Korea with a total export value estimated at 13.98 billion USD, accounting for 89.5 percent of the country's export value of forest products. VNA Photo: Tiến Khánh

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