Vietnamese wood exports show initial signs of recovery
VOV.VN - Several local businesses have recently started to receive additional export orders, thereby meeting over 50% of production capacity, according to details given by the Handicraft and Wood Industry Association of Ho Chi Minh City (HAWA).
At present, the wood processing industry rakes in roughly US$1.2 billion per month from exports, of which Ho Chi Minh City accounts for more than 10% of export turnover. With the rebound of export orders, wood enterprises’ revenue increased from 3% to 5%.
From now to July and August, export orders are anticipated to increase sharply, with the wood product processing industry likely to achieve an export revenue target of more than US$17 billion this year.
Nguyen Chanh Phuong, vice chairman of the HAWA said foreign importers highlighted quality, delivery time, green certification requirements, and the price of Vietnamese wood products, adding that even though the global economy has experienced a downturn, there exists a high demand for seeking suppliers of wood furniture.
Furthermore, local enterprises should strive to boost trade activities and participate by attending trade fairs in Europe and America moving forward as a means of seeking new customers and gaining greater insights about market demand, particularly as each market has a different need for products and techniques, Phuong noted.
