Forestry production value targeted to grow 5.5% annually in next five years
Vietnam aims for annual growth of 5-5.5% in forestry production value under the sustainable forestry development programme for 2021-2025 freshly approved by the Government.
Hanoi (VNA)🅠 – Vietnam aims for annual growth of 5-5.5% in forestry production value under the sustainable forestry development programme for 2021-2025 freshly approved by the Government.
Under the programme, forestry will be developed into a modern, effective and highly competitive economic-technical sector with strong production chains.
In 2025, the export value of wood and forestry products is hoped to reach 20 billion USD, including 1.5 billion USD from non-timber products.
Income from planted production forests is expected to rise about 1.5 times compared to 2020.
The programme will focus on maintaining the national forest coverage of 42 percent in a sustainable manner and developing new forest areas. Alongside, the productivity and quality of forests will be improved to meet the demand for materials for production and environmental protection.
It targets the sustainable management, protection, development and exploitation of forests, thus contributing to creating jobs, protecting the ecosystem, eco-diversity and strengthening the capacity to adapt to climate change. The programme also aims to reduce greenhouse gas emissions, and contribute to the implementation of Vietnam's commitments at the 26th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP26).
Thanh Hoa province’s Forest Management Department in coordination with Xuan Lien national park rangers on patrol. (Photo: VNA)
To realise these goals, the programme set a series of tasks including forestry protection, conservation of biodiversity of forest ecosystems, development of forests, improvement of forest productivity and quality, sustainable forest management, and enforcement of forest certifications for planted production forests.
It also gives priority to preventing wildfires and expanding special-use, preventive and coastal forests, as well as developing the forest product processing industry.
The total budget for the programme is estimated at 78.85 trillion VND (3.36 billion USD)./
Vietnam’s carbon market is expected to thrive in the near future, given that the country has large forest reserves and many corporations stand ready to pour billions of US dollar to purchase forest carbon credits from Vietnam.
Vietnam’s exports of wood and wooden products are expected to rake in 18.5 billion USD in 2025 and 20.4 billion USD in 2030, per a project freshly approved by Deputy Prime Minister Le Van Thanh on March 10.
Tight timber supply, coupled with transport delays, has been holding back furniture manufacturers, exposing the need for domestic substitution for imported timber.
Vietnam is set to grant a licence under the Voluntary Partnership Agreement/FAO-EU Forest Law Enforcement, Governance and Trade (FLEGT) Programme to wood exports in 2025, after it completes preparing necessary conditions, reported a government official familiar with the sector.
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 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.
Illustrative image. (Photo: VNA)
Thanh Hoa province’s Forest Management Department in coordination with Xuan Lien national park rangers on patrol. (Photo: VNA)
