Forestry export posts spectacular growth

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Forestry export value posted a year on year increase of 18.8 percent to hit US$9.04 billion in the first ten months of 2019, trade surplus reached $7 billion, reported the Vietnam Administration of Forestry at a meeting in Hanoi yesterday.

Wood export and processing is a highly potential industry

Wood export and processing is a highly potential industry

With this momentum, the export turnover target set by the Government at $10.5 billion is not only obtainable but also likely to touch $11 billion for the entire year, said head of the Vietnam Administration of Forestry Nguyen Quoc Tri.
According to Mr. Tri, forestry export has been achieving spectacular results. 2019 will wrap up in two months, during this time, businesses will implement contracts already signed for November and December.
Commonly export gets the highest value in the last two months of the year, especially in December when outdoor furniture consumption demand increases for Christmas celebration, he added.

By Van Phuc – Translated by Ngoc Thanh

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