Vietnam's wood industry: key export staple and recommendations for future growth
Despite suffering a revenue dip from $16 billion in 2022 to $14.5 billion in 2023, Vietnam's wood industry still outperformed leading export products like seafood ($9.2 billion), steel ($8.3 billion), and coffee ($4.2 billion), but there remains room for improvement, write RMIT experts.
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam wood exports down 16.5% to $13.4 bln in 2023
With Q4 exports of $3.75 billion, the wood product sector posted a turnover of $13.4 billion in 2023, down 16.5% year-on-year, according to the Ministry of Industry and Trade.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Positive signals for Vietnam wood exports to US
Exports of wood and wooden products to the U.S. market gradually recovered in September, reaching $617 million, an increase of 7.5% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Wood processing firms struggle amid global uncertainties
Although orders have arrived, Vietnamese wood companies are under great pressure in terms of supply chains, raw material supply, production costs, and logistics.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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