The demand for FSC-certified wood is increasing, particularly from markets like the United States and Europe, forcing local wood processors to source more certified wood. However, this comes with a hefty price tag that increases the pressure on forest growers.
Despite growing demands, Vietnam’s seaport development masterplan has been deemed inappropriate by experts, leaving much to be desired in the race to attain capital.
Universal issues continue to thwart timber businesses vietnamnet.vn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vietnamnet.vn Daily Mail and Mail on Sunday newspapers.
Wood exporters face array of obstructions 12:38 | 13/04/2021
An oversupply of undervalued certified timber and a lack of interest from local wood processors currently stand in the way of Vietnamâs export plans to increase its foothold in Western markets. However, German assistance might help solve some of the issues that forest growers are facing.
Wood exporters face array of obstructions, photo Le Toan
Data from associations like VIFOREST, FPA Binh Dinh, HAWA, BIFA, and Forest Trends shows that Vietnamâs import value of timber and its products reached about $2.55 billion in 2020, with a turnover similar to 2019. Logs, sawn timber, and artificial boards were the main groups imported into Vietnam to serve the processing needs of domestic consumption and for exports.
Timber in need of identified strategy vir.com.vn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vir.com.vn Daily Mail and Mail on Sunday newspapers.