With 6.9 billion USD in revenue from wood and wood-based product exports in 2015, Vietnam has become the fourth biggest wood exporter in the world, following China, German and Italy.
Hanoi (VNA)🃏 – With 6.9 billion USD in revenue from wood and wood-based product exports in 2015, Vietnam has become the fourth biggest wood exporter in the world, following China, German and Italy, according to the Handicraft and Wood Industry Association of Ho Chi Minh City (HAWA).
Of its total exports, the country earned 4.3 billion USD shipping wood-based products to foreign countries, up 7.8 percent from 2014. The US, China, Japan and the EU remained Vietnam’s largest wood consumption markets.
Exports of wood and wood-based products are expected to grow at a pace of 8 to 10 percent and stand at 7.2 to 7.3 billion USD in values in 2016.
Meanwhile, Vietnamese wood products have secured a foothold in the domestic market. Demand for wood commodities is expected to surge in 2016 thanks to upbeat signs from the real estate market, especially the apartment segment in previous year.
Currently, the producers are paying attention to adding more value to their products by increasing the use of technology in processing, and enhancing management and sale capacity.-VNA
The year 2015 is providing a golden opportunity for Vietnam’s wood exporters to boost their global exports, according to the Handicrafts and Wood Industry Association of Ho Chi Minh City (HAWA).
Wood exports gained the highest value among Vietnam’s farm exports in the first four months of this year, hitting nearly 2.1 billion USD, a year-on-year increase of 6.2 percent.
Wood export firms have pegged their hopes on the outcome of the forestry restructuring plan to assure the recognition of a Vietnamese wood brand and to expand market share.
Vietnam’s wood sector pocketed 425 million USD from exports to China in the first half of this year, ranking second among Vietnamese exports to China behind cassava.
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Wood-based products for exports (Photo: VNA)
