Exports of wood, wooden furniture see strong recovery
He said this was the only product in the field of agriculture with export value exceeding 1 billion USD within a month, and 32 out of 45 key export markets seeing growth.
Vietnam’s exports of wood and wooden furniture have shown signs of recovery since the end of 2023. (Photo: VNA) |
However, Liem said that the wood industry is facing several problems that affect its sustainability, including risks related to imported timber materials, the EU’s deforestation regulations and requirements for wooden products to have low carbon footprints.
He also described the conflict in the Red Sea, which forced liners to stop transport or divert their routes, subsequently leading to higher transport expenses, as another major challenge.
Although export growth was recorded in several markets in 2023, such as India (288%), Peru (111%), Turkey (90%) and Norway (52%), it was a tough year for Vietnam’s wood exports. This was the first time the industry has reported negative export growth in two decades as shipments fell 14.8% to only 16 billion USD.
VIFA EXPO 2024 is organised by the VCCI's HCM City Branch, the Vietnam Association for Construction Materials and the Alliance Handicraft & Wooden Fine Art Corporation from February 26-29.
It attracted more than 600 exhibitors who set up over 2,000 booths. The exhibitors are from 17 countries and territories, including Australia, Canada, China, Cambodia, Denmark, France, Hong Kong (China), India, Indonesia, the Netherlands, the US and Vietnam.
A wide range of wood furniture and products, home decoration items, handicrafts, machinery, and supporting services are displayed at the fair.
As an important trade promotion event for the wood and furniture industry, the expo serves as a venue for enterprises to introduce their products and seek orders.
See also
Timber and wood product exports grow
09:06 | 08/05/2024 Major exports
Vietnam leads in export rice prices globally
14:16 | 06/05/2024 Major exports
Vietnam targets 2 billion USD in cassava export by 2030
06:00 | 06/05/2024 Major exports
Vietnamese pomelo to be exported to Australia
08:52 | 04/05/2024 Major exports
Việt Nam earns $1.43b from rice exports in Q1
09:26 | 19/04/2024 Major exports
Efforts to have IUU yellow card removed
06:00 | 10/04/2024 Major exports
See more news
Agro-forestry-fishery exports likely to hit 54-55 billion USD
06:00 | 05/04/2024 Major exports
Seafood exports rise to $2 billion in Q1
09:15 | 03/04/2024 Major exports
Tuna exports predicted to rebound as billion-USD earner
10:22 | 29/03/2024 Major exports
Forestry exports up 47% in Jan-Feb
06:00 | 12/03/2024 Major exports
Phone, component exports hit 5.5 billion USD in January
06:00 | 08/03/2024 Major exports
VN's seafood exports can reach $9.5 billion in 2024
09:20 | 07/03/2024 Major exports
Big opportunities for rice exports in 2024
06:00 | 06/03/2024 Major exports
Việt Nam's shrimp exports expect growth this year
09:56 | 04/03/2024 Major exports
Agro-forestry-fishery trade surplus up nearly 2.9-fold
06:00 | 02/03/2024 Major exports
Rice sector works on 5 billion USD export target
06:00 | 22/02/2024 Major exports
PM sets major goals for banking sector in digital transformation
10:03 | 09/05/2024 News and Events
Japanese firm to build biomass power plant in Yen Bai
09:51 | 09/05/2024 FDI
VN adds over 110,000 new securities accounts in April, bringing total to 7.7 million
08:00 | 09/05/2024 Economy
35 localities piloting four-wheel EVs for tourists, despite no official legal regulations
07:00 | 09/05/2024 Science - Technology
Vietnamese Ethnic Culture and Tourism Village hosts numerous activities in May
07:00 | 09/05/2024 Tourism
Multimedia
Vietnamese Ethnic Culture and Tourism Village hosts numerous activities in May
07:00 | 09/05/2024 Tourism
European Literary Days focuses on gender
06:00 | 09/05/2024 Lifestyle
Green transformation in tourism starts with correct understanding, awareness: expert
06:00 | 07/05/2024 Tourism
Vietnamese celebrated director to head jury at Shanghai International Film Festival
06:00 | 07/05/2024 Lifestyle
HCM City achieves $127 million in tourism revenue over five-day holiday
06:00 | 04/05/2024 Tourism
New law on industrial parks proposed to lure in high quality investment capital flow
06:00 | 09/05/2024 Policy
Decree fosters industrial cluster development
06:00 | 07/05/2024 Policy
Decree regulates conditions for cars from abroad to Việt Nam
06:00 | 06/05/2024 Policy
Fresh policies come into effect in May 2024
06:00 | 03/05/2024 Policy
Rooftop solar power trading is a no, for now
06:00 | 09/05/2024 Energy
Thai Nguyen energizes rural industrial enterprises
14:00 | 08/05/2024 Industry promotion
IC development challenges Dong Nai Province
14:00 | 07/05/2024 Industry promotion
Textile and garment businesses face difficulties due to lack of domestic supply
05:00 | 07/05/2024 Industry
Japanese firm to build biomass power plant in Yen Bai
09:51 | 09/05/2024 FDI
Foreign, domestic investment in Ba Ria - Vung Tau rises sharply
09:22 | 07/05/2024 FDI
Foreign investors encouraged to invest in petroleum storage infrastructure
08:27 | 05/05/2024 Investment
Cambodian media values Vietnam's foreign investment attraction
09:50 | 03/05/2024 Investment
Tax sector sees 10.7% rise in State budget revenue in four months
06:00 | 09/05/2024 Finance-Banking
MoF refuses to cut import tax for some materials of animal feed production
09:36 | 07/05/2024 Finance-Banking
Government proposes extending VAT cut until year end
09:10 | 05/05/2024 Finance-Banking
Stock market upgrade to help Vietnam lure another 10 bln USD in investment
09:23 | 03/05/2024 Stock Market
PM orders intensified carbon credit supervision
06:00 | 09/05/2024 Environment
Is it possible to deny collection for waste unsorted at source?
06:00 | 07/05/2024 Environment
PM asks for effective preventive solutions against forest fires
06:00 | 05/05/2024 Environment
Heat records broken, more hot weather forecast for May
06:00 | 04/05/2024 Environment
35 localities piloting four-wheel EVs for tourists, despite no official legal regulations
07:00 | 09/05/2024 Science - Technology
2024 VinFuture Prize records 1,469 nominations
06:00 | 07/05/2024 Science - Technology
HCM City: Centre for Fourth Industrial Revolution to debut in September
06:00 | 05/05/2024 Science - Technology
Vietnam’s digital products to go global
06:00 | 04/05/2024 Science - Technology
Government approves the Red River Delta Region Master Plan
06:00 | 09/05/2024 Society
Bình Thuận works to stop fishing vessels from infringing on foreign waters
06:00 | 08/05/2024 Province
Điện Biên Phủ Victory shows strength of intelligence, public consensus: Officer
06:00 | 07/05/2024 Society
HCM City works to put Metro Line No. 1 into operation soon
06:00 | 06/05/2024 Society
Kim Sơn sedge weaving named as intangible cultural heritage
06:00 | 09/05/2024 Vietnamese Brands
Habeco, northern beer Industry icon, reports largest quarterly loss in four years
06:00 | 07/05/2024 Vietnamese Brands
PV Gas unions launch book donation program
14:00 | 06/05/2024 Companies
Vietnam Airlines reports profit in H1
06:00 | 05/05/2024 Vietnamese Brands
European Literary Days focuses on gender
06:00 | 09/05/2024 Lifestyle
“The Road to Dien Bien Phu” full of emotion
14:59 | 07/05/2024 Lifestyle
Vietnamese celebrated director to head jury at Shanghai International Film Festival
06:00 | 07/05/2024 Lifestyle
HCM City launches international photo contest
06:00 | 05/05/2024 Lifestyle
Vietnamese Ethnic Culture and Tourism Village hosts numerous activities in May
07:00 | 09/05/2024 Tourism
Fansipan Rose Festival 2024 offers tourists fascinating experiences
06:00 | 08/05/2024 Tourism
Green transformation in tourism starts with correct understanding, awareness: expert
06:00 | 07/05/2024 Tourism
7 places that are worth a visit in Điện Biên
06:00 | 05/05/2024 Tourism