VOV.VN - The wood industry of Vietnam is likely to rake in US$16 billion from exports this year, far exceeding the initial target of US$14.2 billion set by the Ministry of Agriculture and Rural Development.

Vietnam’s wood industry has recorded positive signs with significant increases in the export of key products despite ongoing global economic uncertainties, according to the Q3 meeting on wood processing and export held in the southern province of Binh Duong on August 9.

The UAE, which has to import woodwork and wooden furniture products, has need for living room products, which could be worth US$1.08 billion. This could be a great opportunity for Vietnam exporters.

VOV.VN - Vietnam’s wood industry has unexpectedly fallen into an unprecedented slump amid a sharp decline in orders.

VOV.VN - With just one month to go until the end of the year, relevant ministries, localities, and enterprises have exerted great efforts in order to fulfill the export target of US$368 billion set by the Government, according to industry insiders.

Management agencies should roll out mechanisms and policies to promote the linkage between businesses and craft villages in the wood sector, heard a workshop in the southern province of Dong Nai on November 4.

VOV.VN - China is one of the leading five consumers of Vietnamese wood and wood products, with its imports accounting for between 10% - 12% of Vietnam’s total wood export value, according to wood processors and Forest Trends.

VOV.VN - Among the top 5 agro-fishery products with an export turnover of over one US$ billion, wood exports are anticipated to grow by between 5% and 8% in the first half of 2022.

VOV.VN - The US is widely viewed as the main market which has contributed to the strong growth of local timber and wood product exports, with export turnover to the lucrative market in 2020 surging by 34.37% to US$7.166 billion, despite being heavily hit by the impact of the COVID-19 pandemic, according to the Timber and Forest Product Association.

Vietnam has enjoyed a surge in timber and wood product exports to the US this year, but businesses need to choose the right items to focus on in order to tap into this major market, insiders said.