Balancing act required for open wood industry 08:00 | 06/05/2021 Foreign-invested wood and timber enterprises are contributing a significant chunk to the nationâs export turnover. To strengthen cooperation between these and domestic companies, the adoption of new policies seeks agreement among experts and other stakeholders. To foster a successful timber export industry, experts advise a strong cooperation between FIEs and domestic businesses. Photo: Le Toan Kuka Home, a fully Chinese-invested company has started construction of a wood-furniture processing factory after only six months of signing a lease contract for more than 12 hectares of land in Dong Xoai Industrial Park III in the southern province of Binh Phuoc. According to Li Binh, in charge of the factoryâs construction, the company has invested in a system of factories in industrial zones in many provinces of Vietnam, including in the southern province of Dong Nai, to produce wood for export.