Workshop on the long-term development strategy of the wood industry | Business

Illustrative image (Source: VNA)
City of HCM (VNA) – Vietnam’s wood processing and furniture industry has made great progress over the past decade, a workshop in Ho Chi Minh City heard on March 25.

Do Thi Thu Huong from the Private Economic Development Research Board said Vietnam has become the 7th largest producer of wood and wooden furniture and the 2nd largest exporter in the world.

Wood and wooden furniture are also among the 10 product groups with the highest export values, and the industry has generated jobs for around 500,000 workers, she added.

Huong and other workshop participants, however, highlighted the challenges faced by the wood processing sector, such as material shortages because Vietnam has to import about 8.5 million m3 of wood each year, with limitations in processing technology and productivity.

Nguyen Van Dien, head of the forestry production management department at Vietnam’s Forestry Administration, said about 45 percent of workers in the sector had yet to receive training.

He pointed to other issues such as the quality of materials and the pressure of competition and risks of commercial fraud faced by domestic companies.

In view of this, Dien suggested implementing measures synchronously to consolidate relevant institutions and policies, intensify the application of technologies and define personnel training strategies.

Experts shared the view that there is ample room for Vietnam’s wood processing and furniture industry to develop further, and stressed the need to invest in brand building and promotion of products./.



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