Domestic timber key to a sustainable industry in Vietnam
Date: 2022-05-05
News Type: Marketing News
Source: Asia News Network (ANN) / Photo: vneconomy.vn
Tight timber supply, coupled with transport delays, has been holding back furniture manufacturers, exposing the need for domestic substitution for imported timber.
Lê Quốc Doanh, deputy minister of agriculture and rural development, estimated timber demand between 2017 and 2021 rose from 34.2 to 41 million cubic metres.
Domestic timber accounts for 77.4 per cent of timber supply and imported timber takes up the rest.
As the latter has become more volatile in recent years, he believes Việt Nam should step up afforestation to become less dependent on foreign logs, ensuring the stability of the furniture industry.
“Domestic timber falls short of demand. Additionally, small and young trees are overrepresented in domestic forests. These trees are not good enough for making high-quality furniture,” he added.
The minister said his ministry had been financially supporting forest owners to boost the coverage of certified forests, notably those certified by the Forest Stewardship Council and the Programme for the Endorsement of Forest Certification, to meet the technical requirements of large furniture importers.
The ministry also urged the Vietnam Timber and Forest Product Association (VTFPA) to develop a data system of timber supply and demand to better monitor the market, reducing price uncertainty.
Chairman of the VTFPA Đỗ Xuân Lập underlined domestic timber as the key to the sustainable furniture industry.
He said that the recent Russian military operations in Ukraine, coupled with a prolonged pandemic, had been pushing up logistic costs and timber prices, putting a strain on furniture manufacturers.
Data from the General Department of Customs shows that imported timber prices increased by up to 52 per cent in the first three months of this year.
The chairman thus called for larger forest coverage and higher timber productivity to promote a self-sufficient timber industry, reducing the dependence on imported timber.
Full Article: https://asianews.network/domestic-timber-key-to-a-sustainable-industry-in-vietnam/
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