Timber exports aiming for 25 billion USD by 2030

Source: trungtamwto.vn Free Trade Agreements expand market, enhance competitiveness for Vietnamese wood The global furniture market currently reaches approximately 405 billion USD annually, with the import demand for wood and wood products accounting for up to 230 billion USD. With an export turnover of over 17.3 billion USD, equivalent to about 7% of the global market share, the Vietnamese wood industry still has significant potential to grow strongly. In the first 10 months of 2025, exports of wood and wood products reached 14 billion USD, an increase of 6% compared to the same period last year; of which wood products reached 9.6 billion USD, an increase of 5.2%. These figures clearly reflect the efforts of Vietnamese enterprises to overcome difficulties in the context of fluctuating international markets. Free Trade Agreements such as CPTPP, EVFTA, UKVFTA, along with agreements with ASEAN, Japan, South Korea, Chile, and China continue to open up significant potential as many ...