Requirements for Vietnamese businesses

Undertake due diligence: The core of the ‘due diligence’ notion is that operators undertake a risk management exercise so as to minimise the risk of placing illegally harvested timber, or timber products containing illegally harvested timber, on the EU market. The three key elements of the “due diligence system” are:

  • Information: The operator must have access to information describing the timber and timber products, country of harvest, species, quantity, details of the supplier and information on compliance with national legislation.
  • Risk assessment: The operator should assess the risk of illegal timber in his supply chain, based on the information identified above and taking into account criteria set out in the regulation.
  • Risk mitigation: When the assessment shows that there is a risk of illegal timber in the supply chain that risk can be mitigated by requiring additional information and verification from the supplier.
  • The Regulation covers a broad range of timber products including solid wood products, flooring, plywood, pulp and paper. Not included are recycled products, as well as printed papers such as books, magazines and newspapers. The product scope can be amended if necessary
  • The Regulation applies to both imported and domestically produced timber and timber products.
  • Timber and timber products covered by valid FLEGT or CITES licenses are considered to comply with the requirements of the Regulation.