The Global Wood Chips Market is expected to experience significant growth between 2023 and 2028, with a CAGR of 7.80%. In 2022, the market was valued at US$ 10.88 billion, and it is anticipated to reach US$ 16.85 billion by 2028. The market has been expanding at a considerable rate over the past few years […]
Author Archives: WINTAM CO., LTD
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How is the global demand for wood pellets shaping up? The demand for wood pellets has been steadily increasing worldwide in recent years, and this upward trend is expected to continue. Wood pellets are primarily used as a replacement for traditional fossil fuels like coal in power generation and for heat generation. Europe is currently […]
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Vietnamese enterprises are optimistic about their exports to the US market recovering in the latter half of 2023. Despite facing challenges, such as inflation in the United States, exports of timber and wood products from Vietnam to the US market are estimated to reach over USD 7.8 billion by the end of November 2022, representing […]
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In early July, the Parliament engaged in a significant and widely-discussed issue regarding the use of forest land for the construction of the North-South expressway in seven provinces across the East, including Ha Tinh, Quang Binh, Quang Tri, Quang Ngai, Binh Dinh, Phu Yen, and Khanh Hoa. This issue was not centered around inflation or […]
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Vietnam is the 12th largest supplier of wooden furniture to Norway’s market. In the first half of the year, Vietnam’s market share of wooden furniture in Norway’s total import value decreased. According to statistics from the International Trade Centre (ITC), in June 2022, the value of Norway’s wooden furniture imports reached $87 million, down 11.6% […]
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In Vietnam, approximately 3.5 billion USD was earned through the export of wood chips and wood pellets in 2022.
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The export of wood chips and wood pellets saw a significant increase in 2022, with wood chips reaching $2.7 billion, up 54.9% from 2021, and wood pellets reaching $778.5 million, up 83.6% from the previous year. According to the Import and Export Department of the Ministry of Industry and Trade, these items accounted for a […]
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The difficulty in verifying the origin of plantation timber has been resolved in regards to VAT tax refund.
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On January 3rd, the Vietnam Timber and Forest Product Association sent a letter numbered 107/HHG-VP to the Ministry of Agriculture and Rural Development and the Ministry of Finance, requesting a resolution to the difficulty in verifying the origin of plantation timber for the purpose of VAT tax refunds. Domestically planted timber has become the most […]