Vietnam exported wood and wooden products to the tune of US$1,534 million in October, up 12.54 percent over September, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had exported US$14,039 million worth of wood and wooden products by the end of October.
In October, Vietnam’s top export destination for wood and wooden products was USA, accounting for US$838 million worth. This was up 9.23 percent over September. Year to date, Vietnam has shipped US$7,805 million worth of wood and wooden products to USA.
After USA, Japan was the next biggest buyer of wood and wooden products from Vietnam. There was US$207 million worth of wood and wooden products shipped from Vietnam to Japan in October, a jump of 27.77 percent. Its total for the year to date is now sitting at US$1,773 million.
China was also a major buyer, with US$200 million worth of wood and wooden products shipped to the country from Vietnam in October. This was a up 12.51 percent compared to September, for a total of US$1,609 million for the year so far.
Rounding out the top five was South Korea spending US$53 million on Vietnam’s wood and wooden products, a 16.22 percent change for a total of US$592 million for the year, and Canada with US$27 million, a 12.52 percent change month-on-month, for a total of US$235 million.
Learn more about manufacturing in Vietnam→
Vietnam exports of wood and wooden products in October, US$millions
| October | September | MoM | YTD | |
| Total | 1,533.65 | 1,362.77 | 12.54% | 14,039.34 |
| Other | 135.41 | 125.86 | 7.59% | 1,393.73 |
| USA | 837.80 | 766.98 | 9.23% | 7,804.91 |
| Japan | 206.55 | 161.66 | 27.77% | 1,772.81 |
| China | 199.70 | 177.49 | 12.51% | 1,609.37 |
| South Korea | 53.14 | 45.72 | 16.22% | 592.02 |
| Canada | 26.92 | 23.93 | 12.52% | 235.40 |
| UK | 20.73 | 18.50 | 12.04% | 198.69 |
| Australia | 17.31 | 15.61 | 10.89% | 134.31 |
| Malaysia | 13.35 | 13.33 | 0.13% | 136.83 |
| Germany | 11.92 | 6.88 | 73.15% | 76.70 |
| France | 10.83 | 6.82 | 58.78% | 84.58 |
| Netherlands | 8.77 | 14.06 | -37.65% | 82.91 |
| Cambodia | 8.60 | 7.75 | 10.91% | 58.33 |
| Thailand | 8.36 | 6.42 | 30.20% | 68.68 |
| Mexico | 8.14 | 7.30 | 11.59% | 56.62 |
| India | 6.07 | 7.72 | -21.37% | 97.38 |
| Belgium | 5.11 | 4.34 | 17.77% | 48.58 |
| Spain | 4.78 | 3.59 | 33.09% | 60.08 |
| Taiwan | 3.96 | 3.88 | 2.17% | 52.01 |
| Saudi Arabia | 3.63 | 3.91 | -7.07% | 40.85 |
| Sweden | 3.25 | 2.40 | 35.53% | 23.46 |
| Denmark | 3.24 | 2.57 | 25.89% | 26.62 |
| Poland | 3.16 | 2.78 | 13.62% | 27.74 |
| Italy | 2.83 | 1.98 | 42.64% | 17.69 |
| Singapore | 2.72 | 2.35 | 15.81% | 34.60 |
| UAE | 2.62 | 2.44 | 7.43% | 30.38 |
| New Zealand | 1.89 | 6.02 | -68.66% | 25.69 |
| Laos | 1.25 | 0.84 | 49.50% | 4.47 |
| Turkey | 1.01 | 0.69 | 46.97% | 5.08 |
| Portugal | 0.52 | 1.15 | -54.32% | 7.42 |
| South Africa | 0.38 | 0.83 | -54.40% | 6.91 |
| Austria | 0.35 | 0.31 | 12.07% | 1.78 |
| Chile | 0.35 | 0.58 | -39.98% | 9.16 |
| Norway | 0.24 | 0.12 | 95.95% | 2.28 |
| Switzerland | 0.23 | 0.00 | 0.00% | 0.56 |
| Kuwait | 0.21 | 0.13 | 67.05% | 1.70 |
| Czech Republic | 0.18 | 0.07 | 148.18% | 1.78 |
| Finland | 0.17 | 0.30 | -42.43% | 1.06 |
| Greece | 0.13 | 0.11 | 27.56% | 2.30 |
| Hong Kong | 0.11 | 0.14 | -22.83% | 1.62 |
| Russia | 0.10 | 0.11 | -15.34% | 3.33 |
Listed wood and wooden products companies
An Cuong Wood Working JSC
An Cuong Wood Working JSC (ACG) manufactures and distributes wood-based panels, furniture, and interior materials for domestic and export markets.
ACG closed at VND 35,500 on Wednesday down 0.65 percent with 69,000 shares traded, worth VND 248 million.
Foreign ownership in ACG is currently capped at 50.0 percent, with current foreign ownership sitting at 38.5 percent.
Duc Thanh Wood Processing JSC
Duc Thanh Wood Processing JSC (GDT) manufactures wooden household products, furniture, and toys for export markets.
GDT closed at VND 20,900 on Wednesday down 0 percent with 192,000 shares traded, worth VND 399 million.
Foreign ownership in GDT is currently capped at 50.0 percent, with current foreign ownership sitting at 5.8 percent.
Nam Viet JSC
Nam Viet JSC (NAV) manufactures and exports wooden furniture and interior products.
NAV closed at VND 17,550 on Wednesday down 0.05 percent with 3,000 shares traded, worth VND 5 million.
Foreign ownership in NAV is currently capped at 49.0 percent, with current foreign ownership sitting at 0.7 percent.
Phu Tai JSC
Phu Tai JSC (PTB) produces wooden furniture, stone products, and invests in real estate projects.
PTB closed at VND 51,300 on Wednesday up 0.9 percent with 696,000 shares traded, worth VND 3,547 million.
Foreign ownership in PTB is currently capped at 25.0 percent, with current foreign ownership sitting at 13.7 percent.
Savimex Corporation
Savimex Corporation (SAV) manufactures and exports furniture and wooden products primarily to the US and Japan.
SAV closed at VND 13,900 on Wednesday up 0.25 percent with 26,000 shares traded, worth VND 36 million.
Foreign ownership in SAV is currently capped at 50.0 percent, with current foreign ownership sitting at 50.0 percent.
Truong Thanh Furniture Corporation
Truong Thanh Furniture Corporation (TTF) produces indoor and outdoor wooden furniture, doors, and flooring. Supplies both domestic and export markets.
TTF closed at VND 2,850 on Wednesday up 0.04 percent with 4,220,000 shares traded, worth VND 1,189 million.
Foreign ownership in TTF is currently capped at 0.0 percent, with current foreign ownership sitting at 0.0 percent.
Explore opening a trading account in Vietnam→
Vietnam’s wood manufacturing industry
Vietnam’s wood manufacturing industry is one of the country’s most established export sectors, supplying furniture, plywood, and interior materials to markets such as the United States, Japan, and the European Union.
It benefits from a domestic supply of raw materials, supported by large plantation areas of acacia, eucalyptus, and rubberwood, as well as foreign-invested factories concentrated in provinces like Binh Duong, Dong Nai, and Bac Ninh.
However, it faces challenges from tightening environmental and origin-tracing regulations under the EU Deforestation Regulation (EUDR) and the US Lacey Act, which require stricter verification of timber sources and production processes.