9 May 2025
,Great Britain
Vietnam's wood and forestry industry demonstrated significant export achievements in the first quarter of 2025, with a total value of nearly $4 billion, laying a solid foundation for achieving the annual export target of $18 billion. However, to reach this ambitious goal, Vietnam must be able to quickly adapt to market demands and actively promote sustainable development.
As the largest export market for Vietnamese wood and wood products, the United States accounts for 53.1% of the market share. This market priority not only reflects the importance of exports to the United States but also highlights the close bilateral trade relationship. Additionally, Japan and China follow closely behind, accounting for 13.2% and 10.6%, respectively. These countries have become Vietnam's primary export destinations, laying the foundation for the industry's sustained growth.
In the face of complex changes in the global political and economic landscape, Vietnamese enterprises have adopted diversified market strategies aimed at establishing multiple reliable export channels. While consolidating traditional markets, Vietnam is also actively expanding into new markets such as the United Kingdom, the European Union, Australia, Japan, South Korea, and the Middle East. This diversification effort not only reduces reliance on a single market but also provides a safeguard against potential future market risks.
In March 2025, Vietnam's exports of wood and wood products reached US$1.5 billion, marking an 11.6% year-on-year increase in the first quarter. This growth trend clearly reflects the strong market demand for the industry and Vietnam's importance in the global supply chain. By accurately grasping global market trends and demand changes, Vietnam has ensured its competitiveness in international trade.
The Vietnamese government and businesses must work together to ensure the industry's sustainable growth. This means innovating management strategies, enhancing production technology, and increasing the value-added of products. In terms of policy, the government can support businesses in developing green technologies and renewable resources by offering tax incentives and subsidies.
Maintaining sustainable development is key to achieving long-term export growth. Vietnamese businesses have enhanced their credibility in international markets by implementing green production practices that reduce environmental impact and resource waste. Additionally, implementing strict production standards and efficient resource management can position Vietnam as a global leader in sustainable development.
In summary, Vietnam's export targets for 2025 are clear. To achieve the goal of $18 billion, businesses and the government must work in coordination, focusing on adapting to market changes and promoting sustainable development. Through diversified market strategies and innovative development policies, Vietnam is well-positioned to maintain its leading role in the global wood and forest products market.
