EU fourth largest wood export market of Vietnam

The EU is the fourth largest export market of Vietnamese wood and wooden products after the U.S., Japan and China, reported the Vietnam Timber and Forest Product Association (Viforest).

A wooden product manufacturing company in HCMC (Photo: SGGP)

The block has captured one fourth of the global consumption demand of wooden products.

Vietnam’s export turnover to the EU hit US$703 million last year and approximated US$442 million for the first eight months this year. Growth rate averaged 2.2 percent a year in the phase 2012-2014.

The most important markets of Vietnam in the block include England, Germany and France that hold two thirds of the country’s total turnover.

By P. Duy – Translated by Hai Mien

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