Forestry exports reach 5.3 billion USD in six months
Export revenue of forestry products hit over 5.3 billion USD in the first six months of 2020, up 2.7 percent over the same period last year, reported the Vietnam Administration of Forestry.
Hanoi (VNA) – Export revenue of forestry productshit over 5.3 billion USD in the first six months of 2020, up 2.7 percent overthe same period last year, reported the Vietnam Administration of Forestry.
The administration predicted that in the whole year, totalexports of the products will reach between 11.75 to 12 billion USD.
In the first half of this year, Vietnam imported 1.12billion US worth of wood and wood products, down 8.8 percent year on year. Theagency estimated the yearly figure at around 2.55 billion USD, the same as in2019.
In the first six months, 106,300 hectares of forest wereplanted, fulfilling 48.3 percent of the yearly target of 220,000 hectares./.
Robust signs since the outset of the year have made the timber and forestry sector confident of gaining 11 billion USD in export revenue in 2019, beating the target of 10.5 billion USD.
Given what has been achieved so far, the export revenue of forestry products is likely to reach 11 billion USD in 2019, higher than the target of 10.5 billion USD.
The export value of the wood processing and forestry sector was 2.18 billion USD in the second quarter of 2020, dropping 11.3 percent against the first quarter and 20 percent against the same period last year.
Forestry exports will be no lower than 12 billion USD this year, Deputy Minister of Agriculture and Rural Development Ha Cong Tuan told a meeting in Hanoi on July 10.
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Illustrative image (Source: VNA) 
