Vietnam exports over 9.38 million tonnes of wood chips to the Chinese market last year. (Photo: vnbusiness.vn)
Hanoi (VNS/VNA) - China became Vietnam's largest wood chipexport market last year.
Vietnam exports wood chips to 13 markets in 2023. China, Japan andthe Republic of Korea are the country's three main wood chip export markets.
Vietnam exported over 9.38 million tonnes of wood chips to theChinese market in 2023, reaching over 1.43 billion USD, accounting for 65.1% involume and 64.7 in value.
In the Chinese market, the average export price of wood chipsdecreased from 183 - 185 USD per tonne at the beginning of last year to lessthan 140 USD per tonne in the middle of the year, then rose slightly in thelast months of the year but remained below 150 USD per tonne.
Ranking second is the Japanese market. The price of wood chipsdeclined by up to 36 USD per tonne last year.
Specifically, the price of wood chips exported to this market was 181USD per tonne in January last year but fell to 145 USD by December.
Wood chip exports to the Korean market reached 548,590 tonnes,reaching 91.88 million USD, accounting for 3.8% in volume and 4.1% in value.
Similar to the Japanese and Chinese markets, export prices to theKorean market have decreased by 27 USD per tonne last year with strongfluctuations during the year.
The market recorded an average export price of 200 USD per tonnein January, 2023, but the price decreased continuously to bottom out at 136USD, but bounced back to 172 USD in the last months of the year.
The Vietnam Timber and Forest Product Association said that thedemand for imported wood chips in the Chinese market would tend to continue todecline in the near future, leading to a decline in chip export prices in thismarket.
In general, the export market structure of wood chips will notchange significantly in the near future.
However, the wood chip industry will continue to compete in rawmaterials with the pellet industry, especially in northern provinces becauseplanted forest wood is the main input for both industries in this area.
Therefore, businesses and management agencies need to considerinvesting in building up raw material sources to ensure a stable supply forproduction and export./.
Experts gathered at the Vietnam wood and furniture forum in Ho Chi Minh City on March 6 to discuss ways ahead for the sector which is facing formidable challenges posed by global economic slowdown, widespread inflation and conflicts.
Vietnam’s wood and forestry sector is aiming to export 15.2 billion USD worth of its products this year, an increase from the 14.47 billion USD last year which was down 15.4% from 2022.
To increase brand recognition and to access more customers, Vietnamese wood, furniture, and handicraft businesses need to consider and invest systematically in online sales activities, diversifying sales channels in their business strategies, Vice Chairwoman of the Handicraft and Wood Industry Association of Ho Chi Minh City (HAWA) Duong Minh Tue has said.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
Vietnam exports over 9.38 million tonnes of wood chips to the Chinese market last year. (Photo: vnbusiness.vn) 
