Wood export growth recorded in most markets

Vietnam exported wood and timber products worth US$1.48 billion to 38 markets in the first two months of 2018, a year-on-year rise of 38.3%.

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Growth was reported in most markets, including the US (29%), China (29.6%), Japan (34.5%) and the Republic of Korea (48%).

Strong hikes were recorded in Switzerland (508%), Finland (486.5%), Turkey (187.6%), Saudi Arabia (187.4%), Malaysia (138%) and the Czech Republic (104.8%).

Chairman of the Handicraft and Wood Industry Association of Ho Chi Minh City (HAWA) Nguyen Quoc Khanh advised wood companies to pay more attention to international standards to reach out further to the world.

He noted that since major global wood producers are shifting to other industries, it would not be difficult for the Vietnamese wood sector to increase its market share in the global market.

Vietnam hopes to enjoy wood export growth of 13% in 2018, 13.7% in 2019 and 14.5% in 2020, he added.

To realise these goals, wood firms should invest in technology to reduce production costs and increase quality of products and their added value, Khanh recommended.

It is necessary to study a long-term strategy of material production, improve competitiveness, encourage forestry development and say no to illegal logging, he added.


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