Vietnam aims to reach $25 billion in wood and timber exports by 2030

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 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 ...