Vietnam's bet88 net seeks increased raw material imports from US

Vietnam boasts a robust bet88 net processing and wooden furniture export industry; however, the output from domestically planted forest bet88 net remains insufficient to meet demand, according to the Vietnam Timber and Forest Product Association (VIFOREST).

As a result, Vietnam imports a substantial volume of raw bet88 net materials annually to support its bet88 net processing sector.

In 2024, Vietnam's bet88 net and bet88 net product imports totaled .81 billion, with raw bet88 net materials accounting for nearly .4 billion, or 85.2% of the total.

"In 2024, Vietnam imported 6.36 million worth of raw bet88 net materials from the US market, an increase of 32.9% compared to 2023, accounting for 11.2% of total imported bet88 net materials. The three primary items—sawn bet88 net, round bet88 net, and veneer—contributed 1.96 million to the total import turnover from the US, representing 98.6% of the timber imports from the US," stated Mr. Ngo Sy Hoai, Vice Chairman and General Secretary of VIFOREST.

Within the import structure, round wood and sawn wood continued to dominate, making up more than 50% of the bet88 net's import value.

In 2024, Vietnam imported over 1.83 million cubic meters of round bet88 net. Of this, imports from the US exceeded 303,300 cubic meters, worth .9 million, reflecting an increase of 41.4% in volume and 51.6% in value compared to 2023. The US remained the largest supplier of round bet88 net to Vietnam, accounting for 16.5% of Vietnam's total round bet88 net imports.

Additionally, the US was the leading supplier of sawn bet88 net, providing 428,980 cubic meters worth over 5.3 million, up 20.8% in volume and 29.6% in value compared to 2023.

In the first quarter of 2025, the export value of bet88 net and bet88 net products reached .95 billion, an 11.6% increase compared to the same period in 2024, according to the Ministry of Agriculture and Environment.