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billion worth of its products this year, an increase from reaching US$20 billion in 2025 and US$25 billion in 2030.
US$14.47 billion last year. According to Director Tran Quang Bao, the plan also
Since the slowdown in 2023 from the beginning of this outlines a target of a five percent annual increase in forest
year W&WP associations and enterprises have been proactive environmental services reaching approximately VND4 trillion

in production and seeking export markets. (US$161 million) per annum during the 2026-2030 period.
A series of market exploration fairs were held attracting Key strategies encompass the transfer of advanced forestry
customer interest in Vietnamese wood products in key technologies, the formulation of sustainable forest management
production areas, including Ho Chi Minh City and Binh Dinh plans and the provision of livelihood support to communities
and Binh Duong Provinces. adjacent to special-use forests.
The total estimated investment for the plan through 2030
Vietnam’s ambitious forestry master plan is approximately VND217.3 trillion (US$8.7 billion), sourced
Decree No. 895/QD-TTg of 24 August 2024 presents a master from both the state budget and other channels.
plan for the sustainable development of the forestry sector.

Key objectives encompass the conservation, cultivation and Remove bottlenecks in the wood supply chain
enhancement of forest resources and land. The legal origin of wood products is one of the most essential
The focus of this planning extends to forested lands requirements for Vietnam's two main export markets, the
as well as those earmarked for afforestation and forestry US and the EU. This is considered a vital factor for export
infrastructure such as plant nurseries, ranger stations and enterprises.
timber transport routes. According to a survey by the Forest Trends research group
Minister of Agriculture and Rural Development, Le Minh led by To Xuan Phuc, wood raw materials in Vietnam come

Hoan, underscored the pivotal role of this master plan in from: domestically planted wood (acacia, eucalyptus, and
unlocking the forest's potential to contribute to socio-economic rubberwood), wood from domestic farms/gardens, imports
growth, environmental protection and climate change mitigation. of plantation and natural forest species.
Director Tran Quang Bao of the Forestry Department stated It is acknowledged that many wood products in the group
that the 2021-2030 National Forestry Master Plan with a vision of bedroom furniture, office furniture, kitchen and wooden
to 2050 constitutes a significant stride in the implementation furniture parts exported to the EU are processed wood grown
of the Planning Law and the Forestry Law. on areas that were previously natural forests but converted
to rubber plantations.
Specific objectives of the plan include:

- maintaining a forest cover ranging from 42-43 percent ronstik
nationwide
- augmenting the quality of natural forests
- achieving a 5-to-5.5 percent annual growth rate in forestry
production value

Moreover, the planning sets forth targets to double the

income derived from commercial plantations by 2030 compared
to 2020 with projected timber and forest product exports