Annual imports of wood raw materials from Russia and Ukraine used to be quite modest at around US$20 million, mainly sawnwood and plywood and accounted for less than 1% of the total imports from some 100 sources. However, imports of raw material from Russia increased sharply in 2018 and 2019….
EU exports to Vietnam are taxed less as of 1 August. This is the immediate effect of the entry into force of the EU-Vietnam trade agreement that will ultimately scrap duties on 99% of all goods traded between the two sides. Doing business in Vietnam will also become easier for European…
In recent months many plantation owners have reported the presence of disease in Vietnam’s acacia plantations which, it has been identified, is caused by the leaf fungus, Ceratocystis manginecans. The Vietnam Academy of Forest Science (VAFS) has warned this fungus, if not checked, could damage all acacia species planted in…
Vietnam Administration of Forestry reports earnings of just over US$5 billion from wood product exports in the first half of 2020, up 2.4% year on year. In June alone export earnings topped US$900 million. Imports to Vietnam decreased by 8.5% compared to the first half of 2019. Their value reached…
Ho Chi Minh City-based An Viet Phat Energy Company has broken ground on a VND1,200 billion (US$51.6 million) timber processing factory in the Vung Ang Economic Zone in Ky Anh township of the central province of Ha Tinh, a province in the North Central coast of Vietnam, Vietnam News reported….
According to figures from the Vietnam Timber and Forest Product Association (VTFPA), quoted by Vietnam News, Vietnam’s wood exports value in 2019 is set to reach US$11.5 billion, exceeding the industry’s target of $10.5 billion and contributing to a 20 percent growth compared to 2018. Đỗ Xuân Lập, chairman of…
