Vietnam's forestry, wood exports to top 9 billion USD
Thursday, February 1,2018AsemconnectVietnam - The country’s exports of forestry products are expected to top 9 billion USD this year, with wood and wooden products accounting for 8.5-8.7 billion USD, according to the Handicraft and Wood Industry Association of HCM City (Hawa).
He listed the opportunities for the sector until 2020, saying the future is bright.
Other main furniture producers like Germany and Italy have cut production due to higher costs, while Malaysia and some other ASEAN members have development strategies but lack the workforce required.
Global demand for furniture remains high, and though Vietnam is strong in that area its exports are insignificant, which means there is considerable scope for Vietnamese firms to increase their market share.
It would have opportunities to expand its market share in the global market since “there is an increase in demand,” he said.
To achieve the export target this year, firms need to invest more in technology and business management to raise productivity and sustain quality, Cuong suggested.
The US has cut corporate income tax to support local furniture producers, and Vietnamese firms should avoid export of products that US firms are producing, Cuong noted.
“I think the export target of 9-10 billion USD is easy to achieve.”
Wood and wooden products rank sixth in the list of the country’s largest export items.
Vietnam showing better-than-average growth: Indian expert
Vietnam works hard to boost exports to Chinese market
DAILY: Vietnamese pepper prices remained unchanged on March 24
Reference exchange rate down 15 VND
DAILY: Vietnamese coffee prices rose by 300 VND on March 24
Stock market violations to face stricter sanctions
Wood industry strives to regain growth momentum
Vietnam's exports to several ASEAN markets rebounded
Export turnover to the US in 2 months of 2023 reached 13 billion USD
DAILY: Vietnamese pepper prices remained unchanged on March 23
DAILY: Vietnamese coffee prices fell by 300 VND on March 23
Singaporean site highlights Vietnam’s potential for fintech growth
Vietnamese coffee finds ways to gain foothold in RoK market
Dragon fruit export turnover reaches 47 million USD
Plan on implementing Decision No. 327/QD-TTG dated March ...
Concretize viewpoints, objectives, tasks and solutions of the plan in accordance with practical conditions of the locality, associating ...Plan on implementing national environmental protection ...
Implementation plan of marine aquaculture development ...
Program on conservation and development of Vietnamese ...
Plan on improving quality of human resources to 2025 and ...
Efforts taken to turn culinary culture into national ...
The Vietnam Cuisine Culture Association (VCCA) is taking steps to implement a project to build and develop Vietnamese culinary culture ...Vietnamese cuisine making a name for itself with ...
Vietnam advance to next round of AFC U20 Women’s Asian Cup
Cultural tourism and traditional values promoted through ...