The forestry sector earned 4.15 billion USD from exports in the first six months of the year, accounting for 46 percent of the yearly plan and up nearly 8.4 percent year on year.
The forestry sector earned 4.15 billion USD from exports in the first six months of the year. (Photo: VNA)
Hanoi (VNA) – The forestry sector earned 4.15 billion USD from exportsin the first six months of the year, accounting for 46 percent of the yearlyplan and up nearly 8.4 percent year on year.
The US, China, Japan and the Republic of Korea were the four largest importersof wood and wooden products from Vietnam.
The Vietnam Administration of Forestry under the Ministry of Agriculture andRural Development (MARD) attributed the result to restructuring in the forestrysector with a wide range of high value production models. In addition,development in the domestic wood market drove investment in forestryproduction.
Some 3,500 private and foreign direct investment businesses have diversifiedtheir forestry products and exported them to 100 countries and territoriesworldwide, mainly the US, the EU, Japan, the Republic of Korea and China.
To improve the productivity and quality of the forest, many localities have appliedintensive cultivating models to boost afforestation while strictly managingseedlings.
A total 9 million cubic metres of wood were exploited from planted forests in the first six months of the year, or 50percent of the yearly plan and up 2.3 percent from the same time in 2017.
Along with branching out forest areas, the MARD evaluated the development ofcooperatives and forestry value chain in some provinces such as Son La, QuangNinh, Quang Tri, Dak Nong and Ca Mau.
Five pilot models on economic cooperatives and forestry value chain are being establishedin those localities.-VNA
The Mekong Delta province of Soc Trang will carry out an action programme for sustainable forest management in its three coastal districts under the project “Reducing Emissions from Deforestation and Forest Degradation” (REDD+).
The total export value of agro-forestry-fishery products in the first five months of the year reached 15.6 billion USD, a year-on-year surge of 9.9 percent, according to the Ministry of Agriculture and Rural Development.
Vietnam’s export earnings from agro-forestry-aquatic products are likely to exceed 40 billion USD this year after reaching 15.6 billion USD in the first five months, said Minister of Agriculture and Rural Development Nguyen Xuan Cuong.
Up-to-date information on forest coverage, forest fires, and silviculture are fully integrated in the Management Information System for Forest Sector in Vietnam (FORMIS) software, which is useful for the State management and the building of forestry strategy.
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.
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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.
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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.
The forestry sector earned 4.15 billion USD from exports in the first six months of the year. (Photo: VNA) 
