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.