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).
The year 2015 is providing a golden opportunity for Vietnam’s woodexporters to boost their global exports, according to the Handicraftsand Wood Industry Association of Ho Chi Minh City (HAWA).
Theforecast is based predominantly on the shrinking market share of China -the country’s main competitor – in the US market, where Chinese woodproducts are facing high anti-dumping taxes.
In addition tothis, a number of wood factories in the main exporting countries havebeen closed down due to the ripple effects of the economic recession inEurope, providing an opportunity for Vietnam to raise its wood exportvalue.
The formation of the ASEAN Community, which is scheduledto take place by the end of the year, will also offer excellentopportunities, as wood will be one of the 12 prioritised industrialsectors.
Currently, Vietnam is the sixth largest wood exporterin the world, with export value growing 27.15 percent a year on averagefrom 2001 to 2010, and 15 percent on average in the last five years toreach 6.23 billion USD in 2014.-VNA
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