Workers make furniture at the Ha Noi-based Ha Lam Import Export Co. (Photo: VNA)
Hanoi (VNA) – Vietnam can export more wood products if it enhances professionalism and the quality of products, according to industry insiders.
Figures released at a conference on the wood-processing industry held in Hanoi on October 4 revealed Vietnam’s wood products have been exported to 120 countries and territories.
Wood exports to big markets like the United States, Japan and the Republic of Korea have maintained relatively high growth, with the US importing the most at over two billion USD.
According to Nguyen Ton Quyen, deputy chairman of the Vietnam Timber and Forest Product Association (Viforest), with a growth rate of 15-20 percent each year, the sector’s future remains bright as Vietnam signs more trade agreements.
To Xuan Phuc, ༒from Forest Trends, said the US and Japan are members of the Trans-Pacific Partnership, providing opportunities for Vietnam to export wood products to markets when the agreement comes into force.-VNA
The Vietnamese leading company in wood-working and decorative materials An Cuong Wood Working JSC will receive financial supports worth 30 million USD to branch out its business.
The export revenue of timber and woodwork products is projected to reach 7.4 billion USD, 200 million USD less than the target set for the sector this year.
Industry insiders discussed the impacts of Britain’s exit from the European Union (EU) on the Vietnamese wood sector during a workshop in Hanoi on July 14.
Vietnam shipped abroad nearly 4.4 billion USD worth of timber and wood products in the first eight months of 2016, a decline from a year earlier, said the Vietnam Timber and Forest Product Association
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Workers make furniture at the Ha Noi-based Ha Lam Import Export Co. (Photo: VNA)
