VOV.VN - Several wood businesses have recorded positive signs as they have received export orders for the end of the first quarter of next year in several key markets such as the United States and Europe, according to industry insiders.

Many wood businesses have received orders for the remaining months of this year after the protracted logjam, sending rosy signs to the domestic timber industry.

While many products exported to the UK enjoyed strong increases thanks to the UK-Vietnam Free Trade Agreement (UKVFTA), Vietnam’s timber industry is facing difficulties in expanding in this market, requiring manufacturers and exporters to change their business strategies.

VOV.VN - Despite the impact of the COVID-19 pandemic, the timber industry is likely to rake in US$15.6 billion from exports this year, enjoying an export surplus of US$12.6 billion, the Vietnam Administration of Forestry (VNFOREST) revealed at a review meeting on December 17.

Vietnam should develop a generation of young entrepreneurs in the timber industry, and consider it a sector for startups, said President of the Handicraft and Wood Industry Association (HAWA) of HCM City Nguyen Quoc Khanh.

VOV.VN - With the impending European Union-Vietnam Free Trade Agreement (EVFTA) poised to come into force in August, the country’s timber and wood exports to the EU are projected to enjoy greater breakthroughs due to the launch of preferential tariffs.