Business Insight #3: Vietnam's Forestry Sector at a Crossroads After Boom Years

Share this on: Hanoi, Nov 21 2023 - 04:04 PM
Business Insight #3: Vietnam's Forestry Sector at a Crossroads After Boom Years

The Vietnamese forestry sector showed robust growth from 2019 to 2022, but it now faces challenges such as slowing exports, financial difficulties, shifting overseas demand, and meeting legality standards, all of which are key hurdles as global economic volatility persists in 2023. Financial difficulties and stricter legal requirements in key markets present additional challenges. However, with coordinated efforts between the government and industry, the sector can overcome short-term struggles to regain competitiveness.


 

The Vietnamese forestry sector showed robust growth from 2019 to 2022, but it now faces challenges such as slowing exports, financial difficulties, shifting overseas demand, and meeting legality standards, all of which are key hurdles as global economic volatility persists in 2023. Financial difficulties and stricter legal requirements in key markets present additional challenges. However, with coordinated efforts between the government and industry, the sector can overcome short-term struggles to regain competitiveness.

We respectfully introduce a special report synthesizing information about Vietnam's Forestry Sector. Kindly refer to our full report HERE

Contact us
Tel: (84-24) 3562 6962
Email:‎ support.fiingate@fiingroup.vn



« Go Back

TRY FiinPro-X FREE FOR 14 DAYS

Get Free Trial Now