VOV.VN - Vietnam’s timber and wood exports during the seven months of the year enjoyed a surge of 6.2% to US$6.09 billion against the same period last year, according to figures released by the Ministry of Agriculture and Rural Development.
VOV.VN - Vietnam raked in US$5.04 billion from exporting timber and wood products during the first six months of the year, representing an annual increase of 29.8%, according to statistics released by the General Department of Vietnam Customs.
Despite the COVID-19 pandemic’s impact, the wood industry still enjoyed US$3.2 billion in exports in the first four months of 2019, up 6% year on year, thanks to businesses’ efforts to switch to online trading and find new markets.
Minister of Agriculture and Rural Development Nguyen Xuan Cuong has said that Vietnam is focusing on four measures to bolster wood and wooden product export growth this year.
VOV.VN - Vietnam’s wood exports are predicted to reach US$12 billion during the course of 2020 following the wood processing industry’s great success during 2019, according to the Ministry of Industry and Trade.
Vietnam’s wood exports this year are set to reach up to 11.5 billion USD, exceeding the industry’s own target of 10.5 billion USD, according to the Vietnam Timber and Forest Product Association (VTFPA).
VOV.VN - The total export value of wood and wooden products posted over US$4.8 billion during the first half of 2019, putting them on the 6th place among the export staples that brought home billions of dollars.
Vietnam and the European Union (EU) last week signed a landmark free trade deal that will slash tariffs on almost all goods, including wood and timber products. It is expected to give Vietnamese wood exporters better market access and more opportunities to expand their business.
The export value of wood and wood products reached nearly 5 billion USD in the first half of 2019, according to the Ministry of Agriculture and Rural Development.
Viet Nam has been moving towards building a sustainable wood processing industry that uses legal materials in accordance with international and Vietnamese law as well as regulations of major export markets like the US, EU and Japan.
Vietnam’s wood and wooden product exports to the United States may be subject to higher import duties due to a surge in export revenues and China’s foreign direct investment in the local industry, experts said at a recent seminar in Hanoi.
Export turnover of wood and wooden products reached nearly US$3.12 billion in the first four months of the year, a year-on-year increase of 18.3 per cent, according to the General Department of Customs.
Although Vietnam has reported high growth in wood and wooden product exports in recent years, only 5% of the exported products were designed locally, stated Nguyen Quoc Khanh, chairman of HCMC Handicraft and Wood Industry Association.
Vietnam’s export of wood and wood-based products is projected to reach US$8.85 billion in 2018, up over US$1 billion from the 2017 record of US$7.7 billion.
More than 400 Vietnamese firms are exporting timber products to Europe, which is the 4th biggest market for Vietnam’s wood exports, accounting for over 10% of the country’s total export of the products.
With large shipments in the first eight months, Vietnam’s forestry sector expects to fulfill this year’s export target of US$9 billion a month ahead of schedule.
A conference seeking solutions to boost rapid and sustainable growth of the wood and forestry processing and export industries will be held in Ho Chi Minh City on August 8.
VOV.VN - Exports of wood and timber products are estimated at US$642 million in July, bringing the total export value for the first seven months of the year to US$4.8 billion, a year-on-year rise of 11.6%, according to the Agro Processing and Market Development Authority (AgroTrade).
VOV.VN - Exports of wood and timber products continue its upward trend, showing through their export value hitting US$3.3 billion in the first five months of this year, a year-on-year rise of 8.2%.
Vietnam can reach its export value target of US$9 billion for forestry products this year through the export of wooden products, said an expert.