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The wood industry is on track to reach the export target of 17.5 billion USD

According to data from the General Department of Customs, in the first four months of this year, the export turnover of wood and wood products was estimated at US$5.48 billion, up 4.9% over the same period in 2021.

In the first quarter of this year, although production was somewhat stagnant due to the impact of the epidemic, logistics costs increased, but with many efforts to improve operations at workshops, reduce costs, improve production efficiency, some FDI enterprises still have good growth.

Programs on digital transformation are being wood industry Implementation at two ends of the value chain including digital transformation in wood traceability and online showroom is contributing to the growth.

The wood industry is on track to reach the export target of 17.5 billion USD - Photo 1.

In the first 4 months of this year, the export turnover of wood and wood products is estimated at 5.48 billion USD. (Photo: VNA)

In order to achieve the export plan of 17.5 billion USD in the year, in the context of rising freight rates and the risk of inflation, the wood industry is looking for many solutions to overcome and improve competitiveness.

“The timber industry finds all solutions to reduce costs, shares with importers to ensure the competitiveness of Vietnamese goods, and at the same time offers a series of solutions to combat trade fraud, restructure directly into products with high attraction of the world such as living rooms, kitchens, bathrooms and many other intermediate products to improve the competitiveness of Vietnamese goods”, said Mr. Vietnam Timber and Forest Products Association, said.

At the beginning of this year, the price of imported wood materials increased by 30 – 52%, along with the long transport time, so businesses are facing difficulties in the problem of raw materials. Therefore, the urgent solution is to increase the planting of large timber forests to replace about 5-6 million m3 imported wood every year.

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