Vietnam Forestry Corporation Joint Stock Co
HHNX:VIF16,000.00
VND
+900.00
(+5.96%)
Vietnam Forestry Corporation Joint Stock Co
HNX:VIF
(Hanoi Stock Exchange)
Recent
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16,000.00
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yld
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ROIC.AI
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- Business
- Vietnam Forestry Corporation Joint Stock Co, commercially known as Vinafor, is a Vietnam-based enterprise primarily engaged in sustainable forestry management, silviculture, wood processing, and the domestic and international trade of timber products. Established in 1995 and headquartered in Hanoi, Vietnam, the company operates nationwide across the entire forestry value chain, encompassing forest cultivation, industrial manufacturing, commercial real estate, and strategic investment holdings. The company structures its operations across forestry, industrial manufacturing, commercial trading, and auxiliary services. Its comprehensive product and service offerings comprise: high-yield forestry seedlings and cloned saplings, including acacia, eucalyptus, and pine varieties; afforestation, forest maintenance, silvicultural conservation, and sustainable logging across managed forest lands; industrial engineered wood products, including medium-density fiberboard, particleboard, plywood, veneer sheets, and wood chips for paper and pulp manufacturing; structural timber, wooden packaging, and industrial pallets; finished indoor and outdoor wooden furniture, including dining sets, beds, wardrobes, tables, cabinetry, and garden furniture designed for residential and commercial markets; bamboo, rattan, and natural fiber handicrafts; commercial timber trading, including the import and wholesale distribution of sawn timber and round logs such as sapele, padouk, rosewood, and tali; forestry technical consultancy, surveying, and environmental assessment services; commercial property operations, including office space leasing and hotel management; and human resources services, including international technical trainee placement and labor export. In recent developments, Vietnam Forestry Corporation Joint Stock Co has been actively executing its multi-year corporate restructuring strategy under the oversight of state management authorities, focusing on streamlining its organizational structure, enhancing corporate governance standards, and progressing plans for capital divestment from non-core subsidiaries and associated enterprises. To satisfy stringent international environmental and traceability regulations in key export destinations such as the European Union and North America, the corporation has accelerated the expansion of Forest Stewardship Council certification across its plantation assets. Furthermore, the company has broadened its strategic footprint into sustainable energy by pursuing cooperation agreements and feasibility studies for biomass fuel development, wood pellet manufacturing, and renewable power projects, while continuing to upgrade its automated wood processing lines to enhance the value-added output of its furniture and engineered wood divisions.