The export turnover of Vietnamese wood and wooden products is estimated at 6.15 billion USD since the beginning of this year, up 10.1 percent year on year.
Vietnam has earned about 6.15 billion USD from the export of wood and wood products since the beginning of 2017 (Photo: VNA)
Hanoi (VNA) – The exportturnover of Vietnamese wood and wooden products is estimated at 6.15 billionUSD since the beginning of this year, up 10.1 percent year on year.
According to the Ministry ofAgriculture and Rural Development, the US, China, and Japan were the biggestimporters of Vietnamese wood and wooden products.
In the period, markets posting highgrowth rates included the US (18.8 percent), Canada (15.1 percent), theRepublic of Korea (11.1 percent) and China (9.1 percent).
Experts said that the goal of 8billion USD in wood exports this year is feasible as the main season for woodexports is the last three months of the year.
Vietnam imports a large amount of woodmaterials worth 1.7-1.8 billion USD annually, equivalent to about 20-30 percentof export turnover.-VNA
Once the EU-Vietnam Voluntary Partnership Agreement on Forest Law Enforcement, Governance and Trade comes into force, there will be opportunities for Vietnam to export more wooden products to Europe and other markets.
The forestry sector aims for at least 7.5 billion USD in export turnover and a 6.6 percent increase in production value in 2017, said Deputy Minister of Agriculture and Rural Development Ha Cong Tuan.
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A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Vietnam has earned about 6.15 billion USD from the export of wood and wood products since the beginning of 2017 (Photo: VNA) 
