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www.pexels.com 2024, Vietnam’s forestry export turnover is estimated to reach
a record of US$17.3 billion, marking a 19.4 percent growth
year-on-year. Of this, timber and wood products contributed
US$16.3 billion, while non-wood forestry products made up

the remainder.
Export turnover for timber and wood products in 2024
increased by 21 percent compared to 2023, said Director of
the Forestry Department, Tran Quang Bao.
The forestry sector's trade surplus is expected to reach
an impressive US$14.4 billion.
Wooden frame chairs led the export categories. By the end
of November 2024, they generated US$3.1 billion, reflecting
a 24 percent increase year-on-year.

Other notable categories exceeding US$1 billion in export
value included living and dining room furniture, wood chips,
bedroom furniture, wood panels and flooring and kitchen
furniture.
The US remained Vietnam's largest market for timber and
wood product exports, accounting for over 55 percent of the
export value has already reached US$1.3 billion, a year-on- total export turnover.

year increase of 14.3 percent. The Forestry Department attributed the positive growth to
Additionally, insiders have advocated for stronger domestic strong demand and reduced inventory levels in the US market.
market development. Chairman of AA Corporation Nguyen Quoc Bao highlighted significant achievements in forest development,
Khanh said the domestic interior market, comprising furniture harvesting, processing and export.
and building materials, is estimated at some US$10 billion. The total area of newly planted forests in 2024 is estimated
With a population of 100 million and a growing middle class, to exceed 270,000 hectares, a 2.4 percent increase year-on-
the domestic market presents significant untapped potential. year. About 97 million scattered forestry trees were planted,
Vice Chairman of the Vietnam Interiors Association Vu Hong up 3.4 percent year-on-year.
Cuong said domestic producers are struggling to establish Wood harvesting output reached 22.7 million cubic metres,

strong design identities and brands, adding while high-end a 7.9 percent increase year-on-year.
products have been imported from Europe, mid-range and In 2024, the Forestry Department enhanced the quality
budget segments lack impressive design styles. management of forestry plant varieties. Thanks to that, the
He suggested besides export markets, enterprises should rate of forestry tree varieties whose origin and quality are
tap into the domestic one and set up a firm foothold here. controlled for planting reached 85 to 90 percent.
Building on these achievements, the forestry sector aims
Forestry sector's trade is estimated to grow in Vietnam for a production growth rate of up to five percent in 2025.

According to the Forestry Department under the Ministry Export turnover for forestry products is projected to reach
of Agriculture and Rural Development, for the entire year in US$18 billion next year.