Vietnam’s forestry export value forecast to reach 16.3 billion USD in 2022
Vietnam’s forestry product export revenue is expected to stand at 16.3 billion USD in 2022, approximately equal to the target set earlier this year, heard a conference of the Vietnam Administration of Forestry (VNFOREST) under the Ministry of Agriculture and Rural Development, in Hanoi on July 14.
Vietnam’s forestry product export value forecast to reach 16.3 billion USD in 2022 (Source: VNA)
Hanoi (VNA) – Vietnam’s forestry product export revenueis expected to stand at 16.3 billion USD in 2022, approximately equal to the target set earlier this year, heard a conference of the Vietnam Administration of Forestry(VNFOREST) under the Ministry of Agriculture and Rural Development, in Hanoi onJuly 14.
VNFOREST Director General Nguyen Quoc Tri said theexport of wood and wooden products is facing an array of difficulties, mainlydue to impacts from the Russia-Ukraine conflict, which has pushed uptransportation costs, along with dropping demand given inflation pressure in other countries.
Tri said the administration will hold working sessions withassociations and businesses to meet signed contracts while accessing othermarkets that are less affected by the crises.
The sector will put forth a scenario on forestry product exportand import management to meet the yearly targets, he added.
The official suggested businesses use more domesticmaterials and churn out auxiliary products to lower product prices and diversifyproducts, thus bettering meeting export demands.
Meanwhile, joint efforts will be made to avert tradefraud and control wood imports, Tri said, adding that the outstanding models ofconnectivity between enterprises and household-based forest plantations will berolled out on a larger scale.
At the conference (Photo: VNA)
According to Nguyen Van Dien, Director of the ForestryProduction Development, a total of 372,140 hectares of forest in 31 provinces and cities are granted sustainable forest certificates.
Statistics by VNFOREST showed that in the first halfof this year, Vietnam earned 9.1 billion USD from forestry product exports, up 3%year-on-year, achieving 56% of the target. The trade surplus wasestimated at some 7.5 billion USD, a year-on-year rise of 3%.
The US, Japan, China, the EU and the Republic ofKorea were major buyers of Vietnamese forestry products, accounting for up to90% of the total export value.
Vietnam’s wood output reached some 8.5 million cubic metres, fulfilling 46% of the target and up 5.9% year-on-year./.
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Vietnam’s forestry product export value forecast to reach 16.3 billion USD in 2022 (Source: VNA) 
At the conference (Photo: VNA) 
