Vietnam's wood and timber exports are projected to reach US$20 billion by 2025 and $25 billion by 2030.<\/p>\n
The targets are outlined in the National Forestry Plan for the period 2021-30, with a vision towards 2050. Specifically, the plan mandates Vietnam to maintain national forest cover at a stable rate of 42-43 percent, with a focus on improving the quality of existing natural forests. The average annual growth rate of forestry production value is targeted to be between 5.0 per cent and 5.5 per ent. Domestic consumption of wood and timber products is expected to reach $5 billion by 2025 and $6 billion by 2030.<\/p>\n
By 2025, the income value from timber plantations per unit area should increase 1.5 times and by 2030, it should double, compared to 2020 levels. By 2050, the forestry sector is set to become a significant economic and technical industry, leveraging the potential and advantages of tropical forest resources. It will involve applying modern and environmentally-friendly technologies, creating high-value products and services, actively participating in the global value chain and contributing increasingly to the country\u2019s sustainable development.<\/p>\n
According to the plan\u2019s direction until 2030, the sector will focus on advancing scientific research and developing new high-yield, high-quality tree varieties, particularly fast-growing indigenous species for timber production. The goal is to supply an average of 575 million trees annually.<\/p>\n
From 2021 to 2025, about 1.18 million ha of forest will be planted, averaging 235,700 ha per year. From 2026 to 2030, about 1,29 million of forest will be grown, averaging 257,800 hectares per year. By 2030, the area of large timber forests is expected to reach a million hectares. By 2025, the area of forests certified for sustainable management is projected to be around 500,000 ha, increasing to about 1 million ha by 2030.<\/p>\n
International timber trade hub<\/strong><\/p>\n In terms of processing and trading wood and timber products, the priority is to develop timber trading centres in high-tech forestry zones. The plan will establish an international timber trading centre, develop trade promotion programmes and market expansion strategies. The emphasis will be on using modern, automated and specialised equipment and encouraging the development of technology to produce high-quality and value-added products. The total investment required for implementing the plan is estimated to be VN\u0110217.3 trillion ($8.73 billion), including VN\u0110106.9 trillion ($4.29 billion) for the period of 2021-25.<\/p>","protected":false},"excerpt":{"rendered":" Vietnam’s wood and timber exports are projected to reach US$20 billion by 2025 and $25 billion by 2030. The targets are outlined in the National Forestry Plan for the period 2021-30, with a vision towards 2050. Specifically, the plan mandates … Continue reading