The BC government has opened its first trade office in Vietnam, focused on expanding wood product exports to Asia.
Forestry Innovation Investment, a Crown agency of the provincial government, is headquartered in Vancouver and has trade offices in China and India to promote trade. The opening of an office in Vietnam’s Binh Duong province aims to promote sustainable and certified BC softwood lumber in a country that is the world’s third-largest producer of wooden furniture, the minister said on Wednesday. of Employment, Ravi Kahlon.
Forest Innovation Investment conducted 41 product trials in Vietnam from April 2020 to March 2021, and BC’s western hemlock, the most abundant tree species on the BC coast, is one of the most popular offers, according to the ministry. Asked if exports to Vietnam will be in the form of logs or lumber, Kahlon said the trade office is working with producers and buyers on what can be shipped.
“We will definitely add value before sending products to Vietnam,” Kahlon said April 20.
“As the second largest exporter of wooden furniture in the world, Vietnam offers a great opportunity,” said Michael Loseth, CEO of Forest Innovation Investment. “This is a strategic time to establish a presence in Southeast Asia and promote BC’s sustainable forest products. Vietnam and the region present exciting long-term opportunities for further diversification and growth.
Alexa Young, vice president of government and public affairs at the BC Council of Forest Industries, said BC’s third-party certified forests provide an opportunity to diversify BC’s overseas markets, as the U.S. market traditional continues to face trade restrictions and tariffs at the border.