The Bamboo Industry in Vietnam
Updated: May 10, 2022
Bamboo is a sustainable material that is also a renewable resource. It grows quickly and can be harvested every 3-5 years without any negative effects on the environment. Bamboo has been used for centuries in Asia as a building material, household products, furniture, paper, and even clothes.
The global bamboo industry has grown exponentially over the last few years due to its increasing popularity as an eco-friendly building material.
Vietnam is home to some of the most productive bamboo forests in the world. The country produces over 80% of the bamboo timber in the world and is ranked first in terms of production volume. In Vietnam, there are more than 60 species of bamboo. However, only 6 species are commercially used for industrial purposes. The other 54 are grown in natural forests or in plantations for decoration or landscaping purposes only.
The bamboo industry in Vietnam has been growing rapidly for the past few years. The Vietnamese bamboo industry is worth $1.2 billion USD per year, with a production value of $3 billion USD as of 2017. The country has invested heavily in the sustainable development of this industry, with a focus on environmental protection and biodiversity preservation, as well as quality assurance for exports to the EU and North America. As per VITIC, currently, the country has over 1,000 bamboo and rattan craft villages, accounting for 24% of the total number of craft villages in the country. Hanoi alone has 365 craft villages and villages with bamboo and rattan trades with nearly 33,000 families, nearly 200 businesses and cooperatives doing the job, attracting over 100,000 laborers. The EU and the US are the two main export markets for Vietnam's rattan, bamboo, sedge and other braided products. Particularly, exports to these two markets accounted for nearly 70% of the country's total export turnover of rattan, bamboo, sedge and other plaited products.
Oceans Republic is one of Vietnam's leading manufacturers and exporters of bamboo products. Officially incorporated in 2019 for international bamboo and rattan export Oceans Republic has been investing heavily in bamboo production and exports and is currently one of the largest suppliers of bamboo products for export to North America, Europe, and Asia.