Wood product exports in 11 months of 2024 increased by 22.5%

According to the report of the Forestry Department (Ministry of Agriculture and Rural Development), in 11 months of 2024, the export value of wood and forestry products is estimated at 15.62 billion USD, up 19.8% over the same period in 2023, of which wood products reached 10.09 billion USD, up 22.5% over the same period; raw wood 4.58 billion USD, up 17.8%; non-timber forest products 0.95 billion USD, up 4.4%. Notably, in 11 months of 2024, the wood and forestry processing industry had a trade surplus of 13.11 billion USD.

It is estimated that in 2024, wood and forestry product exports will reach over 17.2 billion USD, an increase of 18.9% compared to 2023, exceeding the 2024 plan by 13.1%.

Notably, wood and forestry product exports contribute largely to the trade surplus of the agricultural sector when the trade surplus in the first 11 months of 2024 reached 13.11 billion USD (the total trade surplus of the agricultural sector in the first 11 months of 2024 was 16.46 billion USD).

Regarding forest development, the Department of Forestry said that the proportion of forestry seeds with controlled origin and quality for use in forest planting reached 85-90%. As of November 25, 2024, 1,039.23 million seedlings of all kinds have been prepared to serve the 2024 forest planting plan, equal to 100.7% compared to the same period in 2023.

As of November 25, 2024, the whole country has planted 217,860 forests, equal to 103.4% compared to the same period in 2023, concentrated in some provinces in the North, Southwest, and Southeast. The whole year is estimated to reach about 245,000 hectares, reaching 100% of the annual plan.

Regarding the implementation of forest environmental service payments, as of November 29, 2024, the whole country has collected 3,374.99 billion VND. Estimated for the whole year of 2024, it will reach over 3,400 billion VND, exceeding the 2024 plan by 7%.

Regarding forest certification, in the 11 months of 2024, about 135,000 hectares of forest were newly certified, exceeding the 2024 plan, the total area of ​​certified forests nationwide is estimated at about 610,000 hectares, reaching 120%.

The goal for 2025 is that the forestry sector strives to achieve a growth rate of forestry production value of 4.5 - 5.0%; forest product export value of 18 billion USD; concentrated afforestation of 250,000 hectares; forest area certified for sustainable forest management of 70,000 hectares; forest environmental service revenue: 3,200 billion VND