More than 100 Vietnamese and foreign firms are showcasing advanced wood processing technologies, machinery and raw materials at the 2022 Vietnam BIFA Wood exhibition which opened in southern Binh Duong province on August 8.
A booth at the 2022 Vietnam BIFA Wood exhibition that opened on August 8 in Binh Duong province. (Photo: VNA)
Binh Duong (VNA) - More than 100 Vietnamese andforeign firms are showcasing advanced wood processing technologies, machineryand raw materials at the 2022 Vietnam BIFA Wood exhibition which opened in southernBinh Duong province on August 8.
Organised by the Binh Duong Furniture Association (BIFA), thefour-day trade show is expected to attract 6,000 visitors.
Attending are machinery manufacturers from Italy, Germany,Denmark, the Republic of Korea, Japan and China, and timber suppliers from theUS, Canada, Europe, Australia, and New Zealand.
The biennial trade show is expected to unlock possibilities forlocal and foreign companies looking to tap into Vietnam’s potential.
With its plentiful labour and entrepreneurs and excellentconnectivity with key timber areas in the southeastern and Central Highlandsregions, Binh Duong has a favourable business environment.
The province, which has attracted many wood processingenterprises, has an annual economic growth rate of 12.6%.
Vice Chairman of the provincial People's Committee Nguyen Van Danhsaid Binh Duong’s exports in the first six months topped 19 billion USD, a 10%year-on-year rise.
Its wood industry’s exports were worth over 6 billion USD, 43% ofthe country's total.
Binh Duong is considered the capital of the country’s woodindustry, he added.
Vietnamese wooden and furniture products are exported to more than120 countries and territories.
It is the world’s fifth largest exporter and top in SoutheastAsia.
Seminars on automation in the wood industry, and wood materialsfrom the US and Europe will be held during the trade show.
Visitors will also have the chance to visit the most modern woodfactories in the province.
It will create a forum for domestic and foreign enterprises tonetwork and establish long-term co-operation to foster the development of Vietnam’stimber sector./.
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.
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A booth at the 2022 Vietnam BIFA Wood exhibition that opened on August 8 in Binh Duong province. (Photo: VNA) 
