Wood, Vietnam: target of 25 billion dollars in exports

Vietnam is strengthening its position in the global wood and furniture trade, outlining a growth strategy aimed at consolidating the transition from a raw material exporter to a producer of high value-added goods. The stated goal is to reach 25 billion dollars in exports by 2030, up from the 18.5 billion estimated for 2025, with an average annual growth rate between 5 and 6 percent.
The year 2025 marks a turning point for the sector: for the first time, exports of wooden furniture have exceeded 10 billion dollars, accounting for about 60 percent of the total. This figure highlights a paradigm shift in Vietnam’s production chain, which is becoming less focused on the sale of raw timber and increasingly oriented toward finished products.
This transformation reflects an industrial strategy aimed at increasing margins and strengthening competitiveness in international markets, also through investments in design, processing, and production capacity.

Global balances and new markets

Geographically, the United States remains the main export destination, absorbing about 55 percent of exports. Vietnam has gradually expanded its share in the American market, partly at the expense of China, benefiting from favorable geopolitical and trade dynamics.
Japan has emerged as the second key market, recording significant growth (plus 23 percent) and overtaking China, which falls to third place while still maintaining a value above 2 billion dollars. The redistribution of shares reflects an evolving demand system and increasing diversification of trade partners.
Alongside production growth, Vietnam maintains a forest cover stable at around 42 percent, indicating a balance still under control between resource exploitation and environmental protection. The sector also generates a trade surplus close to 15 billion dollars, one of the most significant in the national economy.
Authorities are strengthening control systems against fires and illegal logging, also in response to the demands of international markets, which are increasingly attentive to sustainability standards and supply chain traceability.