Entering 2022, despite many challenges, the Vietnam Timber and Forest Product Association sets a target of export turnover of 17.5 – 18 billion USD.
According to the Ministry of Agriculture and Rural Development, in 2021, five out of five of the forestry sector’s targets was achieved and even exceeded the set targets. In particular, the export value of wood and forest products reached 15.8 billion USD, up 20% compared to 2020.
The Vietnam Timber and Forest Products Association pointed out that the five main export groups of the wood industry have good growth prospects in 2022.
“In 2022, the striving goal of the export wood industry will reach 17.5 – 18 billion USD. To achieve the goal of exporting the wood industry in 2022, the main determined are still commodity groups, in which, wooden chair will reach 4.1 billion USD; wooden furniture will reach 10 billion USD and a number of other key commodity groups,” said Chairman of the Vietnam Wood and Forest Products Association.
According to the Ministry of Agriculture and Rural Development, in order to achieve the new export target, in the face of rising raw material prices and increasing logistics costs, domestic planted forests need to improve productivity and quality to participate in the supply chain.
“Government issued Resolution 84. We are taking steps to implement a sustainable forestry development program. This is the most important thing for the industry. If input is not much, it must be sourced domestically. Assessment Forest quality is important,” emphasized Deputy Minister of Agriculture and Rural Development.
In addition, the wood industry is planning to solve the problem of transportation costs by increasing the value of each container according to packaging specifications and brands. In addition, efforts to reduce the risk of origin evasion and strictly implement the Legal Timber Trade Agreement between Vietnam and the United States should also be prioritized to promote export growth.