Sees big potential to support the fast-growing Vietnamese wood processing industry
The Swedish sawmill industry, gathered under the name Swedish Wood, participated in the Vietnam Wood fair in Ho Chi Minh City, and organized a seminar together with three Vietnamese wood and furniture industry associations. Swedish Wood is a department within The Swedish Forest Industries Federation (the organization for Swedish pulp, paper and woodworking industries). Swedish Wood is supported by the Swedish sawmill and glulam industries.
Vietnam is a fast-growing furniture exporter, with an average annual growth rate of 15% since 2009. Currently, Vietnam ranks as the fifth largest exporter worldwide, the second largest in Asia and the largest in Southeast Asia. With rapid growth and increased production of furniture, the demand for high quality sustainable wood materials that follow international regulations on forest management is on the rise. In 2016, Vietnam imported USD 1.7 billion of wood materials to fulfill its production needs.
Sweden is the third largest exporter of sawn and planed wood in the world. “15 percent of the Swedish sawn timber is exported to East Asia every year, at a value of 500 million USD, says Charlotte DedyeApelgren, Director Interior & Design at Swedish Wood. “East Asia is also the region to which timber exports from Sweden are growing the most. Vietnam is still a rather new market for, but there is increased interest for Swedish sawn timber. And last year, sales of sawn timber from Sweden to Vietnam rose by 86%.”