Investment
Sweden keen on Vietnam's eco-friendly wood market
Sweden’s wood materials industry sees Vietnam’s wood processing industry as a potential market for its eco-friendly, competitive and sustainable materials, speakers at a seminar said.
Hanh spoke at a seminar held in the city’s District 7 this week as part of the 12th Vietnam International Woodworking Industry Fair at the Saigon Exhibition and Convention Centre (SECC) from October 18-21.
About 50 Swedish sawmills suppliers, Vietnamese wood producers and many others attended the seminar. Pereric Hogberg, Sweden’s Ambassador to Vietnam, said that Sweden’s sustainable forest management maintained a balance between economic wood production and respect for wildlife, outdoor recreation, employment and local interests.
Sweden, the world’s third largest exporter of sawn wood, exports 13 million of total 18 million cubic metres of sawn and planed timber. Japan and China are the biggest markets for the Swedish sawmill industry.
Vietnam is the fifth largest exporter of wood worldwide, the second largest in Asia, and the largest in Southeast Asia. Its key export markets are the US, China, Japan and the EU. Vietnam’s furniture industry is growing steadily, resulting in increased demand for materials, according to Hanh.
Vietnam’s exports were estimated at 7 billion USD last year and are expected to increase to 10 billion USD by 2020. Last year, about 1.7 billion USD of wood materials were imported for production needs.
