Over the last 2 decades Vietnam’s wood industry, with high export growth, has been focused on overseas markets. The export-oriented development of the sector has made Vietnam deeply depended on export and vulnerable to outside uncertainties/shocks, including Covid-19 pandemic.
The local consumption of wood and wood products is, however, lagging behind. As a developing country with the growing population of nearly 100 million people, Vietnam’s domestic market may serve as a lifebuoy for not only wood industry, but also plantation forestry which is expected to provide job and income for a large segment of the Vietnamese farmers.
Given these challenges, the development objective of the project is to provide contribution to sustainable and efficient development of Vietnam’s wood industry.
The specific objective of the project is to enhance and diversify domestic consumption and promote local markets of wood and wood products in Vietnam.
To achieve the specific objective, the project will pursue the strategy of catalysing/facilitating initiatives/processes towards improvement of regulatory framework and building up capacity for relevant stakeholder groups to engage effectively in wood supply chains.