In 2018, Vietnam’s wood processing industry imported the roundwood equivalent nearly 10 million cu.m of timber that provided around 25% of the total input required by the domestic industries. The value of this wood raw material was US$2.34 billion in 2018 up by 7% compared to 2017. The EU-Vietnam VPA/FLEGT is to be implemented soon according to analysts who say this is expected to generate many export opportunities for domestic manufacturers. However, implementation will challenge the sourcing of wood raw materials as Vietnam still depends on ...
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