2018 was a successful year for the Vietnamese wood manufacturing and exporting industry, with positive results in several aspects. Vietnam’s wood export turnover underwent the highest growth ever, reaching nearly 8.5 billion USD, a rise of 14.5% compared with 2017. Vietnam and the EU signed their Voluntary Partnership Agreement on Forest Law Enforcement, Governance and Trade (VPA-FLEGT). In addition, Vietnam also started enforcing the Law on Forestry since Jan 1st 2019, showing that forestry has been seen as an important sector. Currently, a number of free trade agreements are opening various chances for the Vietnamese wood industry to expand to global markets. Let’s take a look at the potential of Vietnamese wood manufacturing and exporting industry in 2019.
Memilus Creative Agency
Hochiminh Office
Room 901, Level 9, Vietcomreal Tower,
68 Nguyễn Huệ Street Dictrict 1 Hochiminh Vietnam
(+84) 028 3968 3020
[email protected]
Potential for Vietnamese wood industry in 2019 | VTV World