Wood exports hoped to reach 9 billion USD ahead of schedule
Tuesday, September 18,2018AsemconnectVietnam - With large shipments in the first eight months, Vietnam’s forestry sector expects to fulfill this year’s export target of 9 billion USD a month ahead of schedule.
About 696 million USD worth of timber and wood products were shipped abroad in August, raising the eight-month figure to 5.6 billion USD – up 12.6 percent year on year, according to the Vietnam Administration of Forestry (VNForest).
The US, China, Japan and the Republic of Korea were the main markets of the Vietnamese wood sector during the period.
Timber and wood product exports are hoped to earn 9 billion USD in 2018, up 1 billion USD from last year, giving the sector a good chance to achieve the target a full month early.
VNForest said the biggest success in wood trading is maintaining export growth while curbing the increase of imports.
The sharp fall in wood imports from Laos and Cambodia was thanks to a prohibition of exporting wood from planted forests, along with efforts by the Vietnamese Government and businesses to control wood imports from the two neighbouring countries.
Meanwhile, imports from some countries with strong wood industry laws like Brazil, Chile and the US have grown well.
VNForest added that Vietnam will press ahead with diversifying wood import sources in the short term, while in the long term, it will develop timber forests to ensure supply for domestic production.
The US, China, Japan and the Republic of Korea were the main markets of the Vietnamese wood sector during the period.
Timber and wood product exports are hoped to earn 9 billion USD in 2018, up 1 billion USD from last year, giving the sector a good chance to achieve the target a full month early.
VNForest said the biggest success in wood trading is maintaining export growth while curbing the increase of imports.
The sharp fall in wood imports from Laos and Cambodia was thanks to a prohibition of exporting wood from planted forests, along with efforts by the Vietnamese Government and businesses to control wood imports from the two neighbouring countries.
Meanwhile, imports from some countries with strong wood industry laws like Brazil, Chile and the US have grown well.
VNForest added that Vietnam will press ahead with diversifying wood import sources in the short term, while in the long term, it will develop timber forests to ensure supply for domestic production.
Source: Vietnamplus.vn
Industrial production index increased in 56 localities in 2 months
Retail sales of goods, services increase by 8.5% in February: GSO
Volume of goods through seaport recorded high growth in 2 months
Growth engines rev up, fuelling recovery hopes
Deep processing increases agricultural product export value: experts
DAILY: Domestic rice prices remained unchanged on March 4
DAILY: Vietnamese pepper prices remained unchanged on March 4, 2024
DAILY: Vietnamese coffee prices rose by 2000 VND on March 4, 2024
Leading localities in attracting FDI capital in first 2 months
Consumption surge in Tet gives a boost to domestic market growth: Experts
Vietnam - most investor friendly country in ASEAN: US paper
Packaging among sectors with highest growth in Vietnam: insiders
Vietnam to join conference on global agricultural supply chain connection
DAILY: Vietnamese pepper prices fell by 1500 VND on March 1, 2024
Plan of Hai Duong province for a period of 2021 - 2030, ...
Organize space reasonably and harmoniously, focusing on connecting Hai Duong in common development space, actively contributing to the ...Plan of Hau Giang province in a period of 2021 - 2030, ...
Sustainable forestry development program in a period of ...
Supporting industry development program in Da Nang city in ...
Implementation plan of Scheme on promoting agricultural, ...
Hanoi harnesses “soft power” of culture in development
Since joining the UNESCO Creative Cities Network in the “Design” category in 2019, Hanoi has organised a multitude of activities relating ..."Happy Tet 2024" to open in Hanoi
Vietnamese literary works served up at Brussels restaurant