Vietnam Forestry Corporation (Vinafor) was established on the basis of merging 10 corporations under the former Ministry of Forestry, now the Ministry of Agriculture and Rural Development.

In 2020, the company planted 2,663 hectares of new forest and exploited 2,691 hectares of planted timber.

The parent company's financial report shows that sales and service provision revenue in 2020 will reach VND 769 billion; COGS accounted for 637 billion dong while gross profit was 131 billion dong. Total revenue in 2020 reached VND 1,217 billion, exceeding 25% of the year plan; profit after tax reached 341 billion dong, exceeding 14% of the year plan.