Vietnam earns $3.52 billion from wood exports

Vietnam posted $3.77 billion from export of wood, wooden products in the first seven months, according to the Vietnam Administration of Forestry under the Ministry of Agriculture and Rural Development.

Vietnam earns $3.52 billion from wood exports

Theo exports of key forestry reached $5.025 billion from January to July, said the Administration, accounting for 22.6 percent of the agriculture’s export turnover.
Moreover, exports of key wooden products have kept rising with average growth rate over 14 percent compared to the same period last year.
Therefore, the Ministry announced Vietnamese Prime Minister will work with 500 woodworking firms, exporters and relevant agencies to discuss the wood industry’s sustainability.
This year has seen slight increase of 0.4 percent in imported material because people plant more trees for wood processing industry; subsequently, the sector’s trade surplus was $3.77 billion.
Specifically, imported material dipped 51.3 percent, 8.9 percent, 7.8 percent and 2.7 percent in Cambodia, Thailand, Malaysia and New Zealand.
The US, China, Japan and South Korea are four largest market of Vietnam consuming 78.5 percent of total exported wood and wooden products.

By VAN PHUC - Translated by UYEN PHUONG

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