The forestry sector earned 4.15 billion USD from exports in the first six months of the year, accounting for 46 percent of the yearly plan and up nearly 8.4 percent year on year.
The forestry sector earned 4.15 billion USD from exports in the first six months of the year. (Photo: VNA)
Hanoi (VNA) – The forestry sector earned 4.15 billion USD from exportsin the first six months of the year, accounting for 46 percent of the yearlyplan and up nearly 8.4 percent year on year.
The US, China, Japan and the Republic of Korea were the four largest importersof wood and wooden products from Vietnam.
The Vietnam Administration of Forestry under the Ministry of Agriculture andRural Development (MARD) attributed the result to restructuring in the forestrysector with a wide range of high value production models. In addition,development in the domestic wood market drove investment in forestryproduction.
Some 3,500 private and foreign direct investment businesses have diversifiedtheir forestry products and exported them to 100 countries and territoriesworldwide, mainly the US, the EU, Japan, the Republic of Korea and China.
To improve the productivity and quality of the forest, many localities have appliedintensive cultivating models to boost afforestation while strictly managingseedlings.
A total 9 million cubic metres of wood were exploited from planted forests in the first six months of the year, or 50percent of the yearly plan and up 2.3 percent from the same time in 2017.
Along with branching out forest areas, the MARD evaluated the development ofcooperatives and forestry value chain in some provinces such as Son La, QuangNinh, Quang Tri, Dak Nong and Ca Mau.
Five pilot models on economic cooperatives and forestry value chain are being establishedin those localities.-VNA
The Mekong Delta province of Soc Trang will carry out an action programme for sustainable forest management in its three coastal districts under the project “Reducing Emissions from Deforestation and Forest Degradation” (REDD+).
The total export value of agro-forestry-fishery products in the first five months of the year reached 15.6 billion USD, a year-on-year surge of 9.9 percent, according to the Ministry of Agriculture and Rural Development.
Vietnam’s export earnings from agro-forestry-aquatic products are likely to exceed 40 billion USD this year after reaching 15.6 billion USD in the first five months, said Minister of Agriculture and Rural Development Nguyen Xuan Cuong.
Up-to-date information on forest coverage, forest fires, and silviculture are fully integrated in the Management Information System for Forest Sector in Vietnam (FORMIS) software, which is useful for the State management and the building of forestry strategy.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
The forestry sector earned 4.15 billion USD from exports in the first six months of the year. (Photo: VNA) 
