Vietnam has been the world’s fourth largest exporter of wood and wooden products after China, Germany and Italy, reported the Handicraft and Wood Industry Association of Ho Chi Minh City.
|Workers making wooden products at a business in Go Vap district, HCMC (Photo: SGGP)|
Last year Vietnam yielded a total export turnover of US$6.9 billion from wood and wooden products, up 10.7 percent over the previous year. Still this number was behind forecast of US$7 billion.
Of the US$6.9 billion, wooden products brought US$4.3 billion, a year on year increase of 7.8 percent.
The U.S., China, Japan and the EU have been the largest import markets of Vietnamese wood and wooden products.
The export turnover is expected to hit US$7.2-7.3 billion this year with growth rate approximating 8-10 percent.