Vietnam’s production of plywood, veneer, laminated wood, and other thin boards increased by 3.1 percent in December 2024 compared to November 2024, according to Vietnam’s Industrial Production Index.
Year-on-year, the sector expanded by 7.5 percent in December 2024 compared to December 2023. Over the full year, cumulative growth reached 12.0 percent in 2024 compared to 2023, highlighting robust performance in this industry.
The monthly growth reflects increased activity driven by year-end demand in the domestic construction and furniture sectors. The strong annual growth indicates Vietnam’s capacity to meet both local and international demand for processed wood products, supported by sustainable practices and advanced manufacturing technologies.
As one of Vietnam’s key export sectors, plywood and veneer production plays a crucial role in global supply chains, catering to markets in Asia, Europe, and North America. Investments in environmentally responsible sourcing and production processes have further bolstered the sector’s international competitiveness.
The steady performance in 2024 underscores the importance of this industry in Vietnam’s manufacturing and export economy.
See also: Furniture Manufacturing in Vietnam