Dong Nai eyes 2.5 billion USD in forestry product export value by 2025

Dong Nai is striving to nearly double its yearly export turnover of forestry products to 2.5 billion USD by 2025, and 2.8 billion USD by 2030.

Illustrative image (Photo: VNA)

The targets are set in a project to develop the multi-purpose values of the forest ecosystem by 2030, with a vision to 2050, recently approved by the provincial People’s Committee. It aims to maximise the value of forest ecosystems in terms of economic, social, and environmental benefits, on the basis of promoting sustainable, multi-purpose, and multi-value forestry development and the sustainable use of forest resources.

Accordingly, Dong Nai encourages organisations, individuals, and communities to invest in, exploit, and share the benefits from the multi-purpose values of the forest ecosystem based on harmonising the interests of the State with those of forest owners, organisations, individuals, and communities involved in the development and exploitation of these multi-functional forest values.

The provincial People's Committee sets specific goals, including increasing the added value of forest products and services, timber processing, eco-tourism, forest environmental services, non-timber forest products, and medicinal plants; and achieving an average annual growth rate of 1.5% in forest production value.

Additionally, the plan aims to develop raw materials from planted forests within the province to meet at least 28% of the demand for timber and forest products for export, while gradually reducing reliance on imported raw materials and ensuring the legality of the wood used.

It also strives for an average annual revenue of 45 billion VND (1.8 million USD) from forest environmental services by 2025 and 50 billion VND per year by 2030.

The annual export value of wood and wood products of Dong Nai accounts for 12-14% of the total national export value of these products, making it the second-largest exporter after neighbouring Binh Duong province. Dong Nai's wood products are exported to over 80 countries, with an average annual value of 1.3 billion USD in recent years. In 2024, the province is aiming to raise the figure to 1.5 billion USD./.

(Source:VNA)