October 23, 2020 04:22 | About us
Language: Tiếng Việt | ພາ​ສາ​ລາວ | ខ្មែរ | русский | 中文

Vietnam’s wood exports reach nearly US$9 billion in nine months

09:23 | 27/09/2020

Vietnam earned about US$9 billion from wood exports in the first nine months of this year, a rise of 12 percent over the same period last year, the Association of Vietnam Timber and Forest Product (Vifores) reported.

vietnams wood exports surged over 6 in 7 months Vietnam's wood exports surged over 6% in 7 months
vietnamese wood exports recover during the first half of year Vietnamese wood exports recover during the first half of the year
vietnam a rising star in wood exports Vietnam, a rising star in wood exports
vietnams wood exports reach nearly us 9 billion in nine months
COVID-19 had strongly affected the domestic wood processing and production industry earlier this year. Photo: VOV

Vietnam earned about US$9 billion from wood exports in the first nine months of this year, a rise of 12 percent over the same period last year, the Association of Vietnam Timber and Forest Product (Vifores) reported.

Of the total amount, export revenue from wood and timber products reached US$8.38 billion, up 11.2 percent year-on-year.

The US was the country’s largest wood export market with a value of US$4.19 billion, up 27.4 percent, followed by Japan, China, the EU and the Republic of Korea (RoK).

Deputy Minister of Agriculture and Rural Development Ha Cong Tuan said that after two waves of the COVID-19 pandemic, Vietnamese wood exports have shown rosy signs thanks to efforts and creativity of enterprises.

The industry is expected to achieve an export turnover of US$20 billion by 2025, according to the official.

vietnams wood exports reach nearly us 9 billion in nine months
The industry is expected to achieve an export turnover of US$20 billion by 2025. Photo: VNA

COVID-19 had strongly affected the domestic wood processing and production industry earlier this year. However, the sector has recovered since July when the pandemic was put under control.

Notably, the export value of wood and forestry products expanded again by two digits in August and September, exceeding US$1 billion for the first time last month.

The Voluntary Partnership Agreement (VPA) on Forest Law Enforcement, Governance, and Trade (FLEGT) between Vietnam and the EU, which took effect on June 1, 2019, has helped to raise the competitiveness of Vietnamese wood and furniture in the EU, said Nguyen Chanh Phuong, Vice Chairman of the Handicraft and Wood Industry Association of Ho Chi Minh City,

Vietnam’s wooden furniture export turnover accounts for only 6 percent of the global market, meaning Vietnamese businesses have substantial opportunities to expand. /.

covid 19 fallout reverberates around vietnams wood industry

COVID-19 fallout reverberates around Vietnam's wood industry

Vietnam’s wood industry is poised to face a turbulent year ahead as a result of the complicated developments surrounding the novel coronavirus (COVID-19) epidemic in ...

wood industry feels the heat from chinese buyers

Wood industry feels the heat from Chinese buyers

Vietnamese wooden furniture manufacturers fear they will not have enough wood to fulfill export contracts as Chinese have been flocking to Vietnam to buy wood.

country earns nearly usd500 million from wood exports in january

Country earns nearly USD500 million from wood exports in January

(VNF) – Export value of wood and wooden products reached USD494 million in January 2015, an 8.2% reduction over a year earlier, according to estimated ...

Rosy Huong