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date is 12 August 2026. Forest carbon market - a new financial channel for
The BIS QCO on furniture will be applied to furniture sustainable forestry
consisting of a set of chairs, tables and desks, beds The development of a forest carbon market is opening up
and storage units and all will require compulsory BIS significant opportunities for Vietnam’s forestry sector to mobilise
certification. new financial resources for forest protection and development,
The notification order applies on both imports and domestic while creating sustainable livelihoods for local communities,

industry while exports are exempted. particularly in ethnic minority areas.
Initial outcomes from the forest carbon payment mechanism
VIETNAM highlight the sector’s strong potential to align forest conservation
Wood and wood product (W&WP) trade highlights with economic benefits and sustainable development goals.
According to the Vietnam Customs Office, Vietnam’s W&WP According to Pham Hong Luong, Deputy Director of the
exports in February 2026 were valued at US$1 billion, down Vietnam Administration of Forestry and Forest Protection under
38 percent compared to January 2026 and down three percent the Ministry of Agriculture and Environment, the implementation
compared to February 2025. of forest carbon payments through the Emission Reductions
WP exports were US$676 million, down 36 percent Payment Agreement (ERPA) for the north central region has

compared to January 2026, but up 0.4 percent compared generated tangible socio-economic and environmental impacts.
to February 2025. Vietnam has received US$56.5 million under the programme
In the first two months of 2026, W&WP exports amounted which has directly supported more than 77,700 households
to US$2.6 billion, up six percent over the same period in 2025. and nearly 2,000 communities engaged in forest protection
WP exports contributed US$1.7 billion, up four percent over activities, including over 40,000 ethnic minority beneficiaries.
the same period in 2025. Money earned from forest carbon has boosted local livelihoods
Vietnam's office furniture exports in February 2026 totalled and been funnelled into rural infrastructure, improving living

US$18.5 million, down 37 percent compared to January 2026 standards and empowering communities in managing forests.
and down 12 percent compared to February 2025. As people see direct benefits from keeping forest cover,
In the first two months of 2026, exports of office furniture their sense of responsibility for forest resources has grown,
generated US$48 million, down six percent over the same helping cut down on forestry law violations.
period in 2025. According to Luong, the programme has also helped
W&WP exports to the Canadian market in February 2026 protect more than 2.15 million hectares of natural forest in
amounted to US$19 million, down 38 percent compared to the region, maintaining forest coverage at around 57 percent.
January 2026, but up 15 percent compared to February 2025.
In the first two months of 2026, W&WP exports to Canada

are estimated at US$49 million, up 13 percent over the same Global Forest Watch
period in 2025.
Vietnam's W&WP imports in February 2026 reached US$200
million, down 37 percent compared to January 2026 and down
by four percent compared to February 2025.
In the first two months of 2026 W&WP imports were valued
at US$517 million, up 27 percent over the same period in 2025.