NEWS

Vietnam's export value of forest products grew 20% to reach a record of $15.87 billion last year. The country's wood industry has already set its 2022 target at $16 billion.

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Fordaq: Vietnam wood product exports reaches record in 2022

The Indonesian government has revoked 192 forestry sector permits covering an area of nearly 8 million acres. The reason given: lack of recent activity. This decision is unprecedented in Indonesian history.

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Timberbiz: Indonesia revokes 192 forestry permits

In the eastern U.S., white oak is facing challenges as changes in land management practices and forest ecology have made it difficult for seedlings and saplings to take root and grow. The same study shows that climate change and invasive insects have contributed to the problem.

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Ingka Investments, the investment division of a large Ikea franchise group, has acquired 3,264 acres of land in Florida as part of the group's commitment to responsibly manage forests. The newly created forests will support increased biodiversity and help ensure sustainable timber production.

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The new strategy calls for the U.S. Forest Service to treat up to an additional 20 million acres on national forests and grasslands and to support treatment of up to an additional 30 million acres. The recent infrastructure law provided nearly $3 billion to do so. In recent years, more than 10 million acres have burned nationwide.

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