( Update: 05/11/2013 )

Tim Dawson, the European Forest Institute’s FLEGT Facilitator in Vietnam, said at a seminar on legality of wood held last week in HCMC that exporters had to provide their partners with information including origin, type, volume, details about suppliers and compliance of laws.
Based on such information, authorities of importing countries will analyze and evaluate risks to ensure imported wood has legal origins.
According to Chen Hin Keong, Global Forest Trade Program Leader at TRAFFIC, if enterprises have forest certifications but fail to clarify origins of exported wood, the legality of wood is not ensured.
It is highly likely that cheap wood materials are illegal. If committing violations, enterprises may receive maximum fines of US$250,000 or US$500,000, he noted.
Nguyen Ton Quyen, general secretary of the Vietnam Timber and Forest Product Association, said that enterprises should keep in mind regulations of the U.S. and EU markets to avoid risks. Vietnam’s woodwork products have now been exported to over 120 countries.
The U.S., EU and Japan currently account for over 80% of Vietnam’s wood exports with bedroom and kitchen furniture the major products. The U.S. is the biggest market and almost three times bigger than Japan in second place.
According to the Ministry of Agriculture and Rural Development, the total export turnover of wood and wood products amounted to over US$4.35 billion in the January-October period, up 14.8% year-on-year. Meanwhile, the import turnover increased by 4.8% to US$1.21 billion, with the volumes imported from Laos, the U.S. and China accounting for 22.8%, 14.7% and 12.9% respectively.
Source: http://vietnambreakingnews.com