Launch of transaction verification loop in Vietnam
The Forest Stewardship Council (FSC) and Assurance Services International (ASI) are launching a transaction verification (TV) loop on supply chains of all types of wood in Vietnam. The TV loop will include forest management (FM) certificate holders in the scope, in addition to specific types of chain of custody (COC) certificate holders. FSC and ASI decided to launch this TV loop – the second one focused on Vietnam – after detecting problems related to volume mismatch between the amount of wood sold by FM certificate holders and the amount used by COC certificate holders to produce wood pellets, in Vietnam. These problems were revealed during the Asia wood pellets TV loop that was conducted between 2020 and 2022. This poses a high risk to the integrity of FSC’s certification system in Vietnam.