forestry sector,export,Deputy Minister of Agriculture and Rural Developme,trade surplus,he US,Japan,China,the European Union,the Republic of Korea

The forestry sector expects to earn an estimated 11.3 billion USD from exports this year, a year-on-year rise of 20 percent.

This would be the highest growth rate in the sector’s history, he said, adding that the sector is also expected to enjoy a trade surplus of approximately 8 billion USD, thus contributing significantly to the agriculture sector’s overall growth.

Vietnam’s forest products have been exported to over 140 countries and territories worldwide, he said.

 

The country’s main export markets include the US, Japan, China, the European Union, and the Republic of Korea, which together account for more than 80 percent of the nation’s total export value of forest products.

There are over 4,500 firms operating in wood and forest product processing, of which over 1,800 firms are directly involved in export activities./.VNA

Foreign investment increases in wood processing industry

Foreign investment increases in wood processing industry

Foreign direct investment in the wood processing industry has increased rapidly, especially since 2018, the Viet Nam Timber and Forest Product Association has said.  

VN woodwork exports face new regulation on customs inspection

VN woodwork exports face new regulation on customs inspection

The new regulation on certificate of origin (C/O) makes it more for Vietnam to obtain $11 billion in woodwork exports this year as planned.