The export value of forestry products edged up 18 percent year on year to 2.4 billion USD in the first three months of 2019, the Vietnam Administration of Forestry announced on April 1.
The export value of forestry products edged up 18 percent year on year to 2.4 billion USD in the first three months of 2019. (Photo: VNA)
Hanoi (VNA) – The export value of forestry products edged up 18percent year on year to 2.4 billion USD in the first three months of 2019, theVietnam Administration of Forestry announced on April 1.
This is the strongest growth in the “billion dollar” goods basket, includingfootwear, computer and spare parts, garment and textile, telephones and spareparts, steel, seafood and machines.
The US, Japan, the EU, China and the Republic of Korea remained the fivelargest importers of Vietnamese forest products, accounting for some 87 percentof the industry’s total export value.
Last year, the country raked in some 9.3 billion USD from shipping forestry productsto foreign nations.
Prime Minister NguyenXuan Phuc recently issued Directive No.08/CT-TTg, outlining measures toincrease forestry shipments to 11 billion USD in 2019, 12-13 billion USD in2020, and 18-20 billion USD in 2025.
Vietnam has 4,500 enterprises processing andexporting wood and forestry products, including 1,863 exporters. They includemore than 700 foreign-invested businesses with a large production scale andapplication of advanced technology for production.-VNA
The wood and forestry export turnover for this year needs to surpass 11 billion USD, Prime Minister Nguyen Xuan Phuc told the agriculture sector at a forum held in Hanoi on February 22.
Vietnam’s agro-forestry-fishery exports in February hit 1.93 billion USD, bringing the figure in the first two months of this year to 5.5 billion USD, a decrease of 1.6 percent year-on-year, according to the Ministry of Agriculture and Rural Development (MARD).
Prime Minister Nguyen Xuan Phuc on March 28 issued a Directive on measures to achieve rapid and sustainable development of the wood and non-wood forest product processing industry to serve exports.
Deputy Prime Minister Trinh Dinh Dung has ordered tightening the control of changes in the use of forests while strictly enforcing the closure of natural forests at a conference of the steering committee for sustainable development of the forestry sector.
Vietnamese Ambassador to the US Nguyen Quoc Dung reviewed key milestones in the bilateral relationship, underscoring the essential and sustained contribution by businesses from both countries, from the time before the normalisation of bilateral ties in 1995 until today, when the two sides are comprehensive stategic partners of each other.
According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.
This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
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 export value of forestry products edged up 18 percent year on year to 2.4 billion USD in the first three months of 2019. (Photo: VNA) 
