Work starts on 51.6 million USD timber processing factory in Ha Tinh
The Ho Chi Minh City-based An Viet Phat Energy Company has broken ground on a 1.2 trillion VND (51.6 million USD) timber processing factory in the Vung Ang Economic Zone in Ky Anh township of the central province of Ha Tinh.
Model of timber processing factory (Photo: baodautu)
Hanoi (VNA) – The Ho Chi Minh City-based An Viet Phat EnergyCompany has broken ground on a 1.2 trillion VND (51.6 million USD) timberprocessing factory in the Vung Ang Economic Zone in Ky Anh township of thecentral province of Ha Tinh.
The lumber, compressed wood pellets and plywood processing factory is locatedin the area of 155,000 square meters, the HCM City-based Sai Gon Giai phongnewspaper reported.
It is expected that an annual capacity of 56,160 tonnes; 150,000 tonnes and187,200 tonnes for lumber, compressed wood pellets and plywood respectivelywhereas waste products from producing lumber and plywood will be 224,640 tonnesa year.
The factory will help expand production as well as satisfy domestic demand andexport attracting supporting project in the Vung Ang Economic Zone and creatingmore jobs for local residents and paying more into the province’s state budget./.
In October, Vietnamese timber exports earned 528 million USD, bringing total timber exports in the first 10 months to 4.98 billion USD, a 12.8-percent year-on-year increase.
Vietnam and the European Union (EU) have basically concluded the Voluntary Partnership Agreement on Forest Law Enforcement, Governance and Trade (VPA/FLEGT) after nearly six years of negotiations.
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.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Model of timber processing factory (Photo: baodautu) 
