Forestry export expected to hit record 11.3 billion USD in 2019
The forestry sector expects to earn an estimated 11.3 billion USD from exports this year, a year-on-year rise of 20 percent, according to Deputy Minister of Agriculture and Rural Development Ha Cong Tuan.
The forestry sector expects to earn an estimated 11.3 billion USD from exports this year, a year-on-year rise of 20 percent. (Photo: VNA)
Hanoi (VNA) – The forestry sector expectsto earn an estimated 11.3 billion USD from exports this year, a year-on-yearrise of 20 percent, according to Deputy Minister of Agriculture and RuralDevelopment Ha Cong Tuan.
This would be the highest growth rate in thesector’s history, he said, adding that the sector is also expected to enjoy atrade surplus of approximately 8 billion USD, thus contributing significantlyto the agriculture sector’s overall growth.
Vietnam’s forest products have been exported toover 140 countries and territories worldwide, he said.
The country’s main export markets include theUS, Japan, China, the European Union, and the Republic of Korea, which togetheraccount for more than 80 percent of the nation’s total export value of forestproducts.
There are over 4,500 firms operating in wood andforest product processing, of which over 1,800 firms are directly involved inexport activities./.
The export value of forestry products in the first five months of 2019 hit 4.25 billion USD, up nearly 20 percent year-on-year, according to the Vietnam Administration of Forestry under the Ministry of Agriculture and Rural Development (MARD).
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Forestry exports were estimated to exceed 7.93 billion USD in the first 9 months of 2019, up 18.1 percent year-on-year, with a trade surplus of 6.06 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.
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The forestry sector expects to earn an estimated 11.3 billion USD from exports this year, a year-on-year rise of 20 percent. (Photo: VNA) 
