The US remained Vietnam’s largest market, accounting for 55% of the country's total wood exports. Key products include wooden furniture, plywood, doors, and handicrafts.

Management agencies should roll out mechanisms and policies to promote the linkage between businesses and craft villages in the wood sector, heard a workshop in the southern province of Dong Nai on November 4.

Experts have said that great market opportunities will open for Vietnam if sustainable natural rubber production receives adequate Government support with enterprises determined to follow sustainable development.

Easing the associated risks in the importation of tropical timber would help Vietnam maintain its wood exports while expanding the market, a workshop on April 20 heard.

Vietnam’s wood industry secured 63 new foreign direct investment (FDI) projects worth 372.68 million USD in 2020, down 36 percent and 49 percent on-year, respectively.

Vietnam’s rubber wood and rubber wood products are exported to over 100 nations and territories, said To Xuan Phuc, a senior policy analyst from Forest Trends, a US-based non-profit organisation.

Experts forecast about 1 billion USD worth of timber to be exported to the EU annually by 2020 thanks to the EU-Vietnam Free Trade Agreement (EVFTA).