Panels & Furniture Asia Jul/Aug 2020

July / August 2020, Issue 4 | Panels & Furniture Asia 8 | NEWS FIRST VIETNAM SUSTAINABLE FOREST MANAGEMENT CERTIFICATES GRANTED TO RUBBER FORESTS THE first Vietnam Sustainable Forest Management Certificates has been granted to more than 11,400 hectares of rubber forests under the management of the Vietnam Rubber Group (VRG), reported Nhan Dan Online. The Vietnam Administration of Forestry (VNFOREST) granted the certificates to VRG companies, including the Binh Long, Phu Rieng and Dau Tieng Rubber Companies, at a ceremony held in Ho Chi Minh City on 17 May. The event also evaluated the coordination results between VNFOREST and VRG in implementing a project on sustainable forest management and forest certification back in 1 October 2018, to promote the certification of sustainable forest management in Vietnam. Under the scheme, nearly 60,000ha of rubber was set to be planted under the sustainable forest management plan which aimed to offer the Vietnam Forest Certification Scheme (VFCS) certification for six rubber processing factories. EXPERT VALUE OF PROCESSED RUBBER WOOD PRODUCTS : US$2.5BN Speaking at the event, Deputy Minister of Agriculture and Rural Development Ha Cong Tuan said that Vietnam has nearly one million hectares of rubber forests, generating between 3 to 3.5 million m 3 of raw materials from rubber wood every year, while the export value of processed products from rubber wood also reached US$2.5bn. Therefore, rubber wood is also an important and sustainable source of raw materials for the wood processing industry and exports of forest products. Vietnam's Sustainable Forest Management Certificate is important in promoting the certification of sustainable forest management and developing the market for legal timber and "clean" raw materials for Vietnam’s wood and forest product processingindustriesandexports,Tuansaid. It is also an affirmation of the country’s activeness in executing sustainable forest management and forest certification, especially since Vietnam's forest certification system has been recognised worldwide. In 2020, VNFOREST and VRG will register for sustainable forest management certification for at least 50,000ha of rubber. In addition, at least 15 training courses will be organised on sustainable forest management and product chain management to enhance the capacity and awareness of VRG companies. A sustainable forest management plan is set to be deployed by 10 rubber companies under VRG. The group also aims to register the VFCS certification for 15 wood processing enterprises under its management. P ORIGINALLY scheduled to be held from 27 to 30 October 2020, BIFA WOOD Vietnam has been postponed to 11 to 13 March 2021 due to the uncertainty surrounding the COVID-19 pandemic. The postponement seeks to protect the safety and well-being of all exhibitors, sponsors, delegates, trade attendees BIFA WOOD VIETNAM POSTPONES TO 11 TO 13 MARCH 2021 and staff, as well as to allow key industry players more time to participate. BIFA WOOD Vietnam 2018 was a resounding success, with 183 exhibitors and 740 booths spreading across a massive hall of 14,500 square metres. The exhibition was attended by about 4,200 visitors seeking the latest technologies and products in the furniture manufacturing and woodworking sectors. BIFA WOOD Vietnam is organised by two of the most influential brands in South East Asia’s timber and woodworking sector – Binh Duong Furniture Association (BIFA) and Panels & Furniture Asia Group of wood magazines. P INDIA’S government is considering proposals to invest US$16 to $17 billion to boost domestic production of various consumer items, including furniture, air conditioners and its components, and leather footwear. This is to reduce import dependence and increase exports, other measures may include duty hikes, reported Times of India on 3 June. INDIA TO CONSIDER INVESTING US$10 TO $11 BILLION TO BOOST DOMESTIC PRODUCTION OF FURNITURE Among the priority sectors that will be receiving support from the government, the furniture sector may receive one of the largest amount of investment amounting to US$10 to $11 billion to set up three to four clusters or hubs near ports, that are also close to the wood producing areas. In recent years, India’s furniture market size is worth US$10 to $12 billion, with imports valued at US$1.5 to $2 billion. Over 50% of imports come from China. DUTY HIKES AND A NEW FORESTRY POLICY Duty hikes on wood products are also being considered by the government, as well as the long-termsolution for a forestry policy that supports the environment and the economy, referring to Vietnam as a successful example. P