VIETNAM WOOD INDUSTRY. HÀ NỘI — The wood industry needs a fundamental change in export product lines and markets after the COVID-19 pandemic ends, a top wood official has said. When the US-China trade war is on the rise as it is today. According to the report analysis, ‘VietNam Wood Industry report Q1/2020 Comprehensive’ states that in Vietnam wood industry there are numerous corporates which presently operating more actively for leading the fastest market growth and registering the handsome value of market share. Vietnam’s exports of wood and wood products hit $1.78 billion in the first quarter of 2017, a year-on-year increase of 17.1 percent. Vietnam has become the leading wood exporter in Southeast Asia and the seventh largest exporters of wood in the world. The report also said that several high-profile industry events, including the VIFA Expo, VIFA GU and Hanoi Wood 2020, have been postponed due to COVID-19 concerns, but that appears to be untrue. VIETNAM WOOD INDUSTRY The global wood industry has grown strongly in recent years, and the consumption of wood and wood products has increased sharply thanks to the economic recovery in major consuming countries such as the US and EU. The remaining FDI projects investing in wood industry included woodchip manufacturing, timber services, wooden pallets, supporting industry of wood industry, artificial wood boards and wood pellets. Subsequently, Vietnam’s wood manufacturing industry would face serious losses. Today, in the interests of transparency, we publish our response to a July 2018 letter from the Handicraft & Wood Industry Association of Ho Chi Minh City (HAWA), Vietnam, taking issue with our recent report Serial Offender – Vietnam’s continued imports of illegal Cambodian timber.. Dear Mr Huynh Van Hanh. Vietnam is a country that has the following opportunities for timber industry: • Vietnamese wood resources will be exported to the US (mainly) and China. Opportunities for Vietnam's wood industry. ... is Vietnam's largest trade show and is one of the only ones that are not focused on any particular industry. Wood processing industry of Vietnam has become a major export commodity, ranking 4th place after coffee, seafood, machinery and spare parts. Vietnam has become the leading wood exporter in Southeast Asia and the seventh largest exporters of wood in the world. Handicraft and Wood Industry Association. According to Mr. To Xuan Phuc from Forest Trend, China led the list of countries investing in the wood industry of Vietnam. Vietnam Expo’s focus is on a general promotion of trade and industry in Vietnam and to connect international buyers to Vietnamese suppliers. Wood processing industry of Vietnam has become a major export commodity, ranking 4th place after coffee, seafood, machinery and spare parts.