Illustrative image (Source: VNA) Hanoi (VNA) – Vietnam’s forestry product exportis expected to reach 9.3 billion USD this year, according to the Ministry ofAgriculture and Rural Development’s Vietnam Administration of Forestry (VAF).
The administration reported that the export of forestry projects was estimatedat 8.49 billion USD in the past 11 months, up 16.6 percent annually andaccounting for 23.42 percent of the total agro-forestry-fishery exports.
The sector’s trade surplus was estimated at nearly 6.4billion USD during the period.
Major markets include the US, Japan, the European Union, China and the Republicof Korea, making up nearly 87.33 percent of the total.
In November alone, around 21,000ha of forests wereexploited, equivalent to 1.51 million cu.m. Since early this year, the figurehas been estimated at 17 million cu.m, or 92 percent of the yearly plan, upabout 4 percent year-on-year.
During the 11-month period, the import of wood and woodenfurniture reached 2.1 billion USD, up 6.17 percent annually, mostly from China,the US, Cambodia and Thailand.
According to the VAF, the result was attributable to therestructuring of forestry sector over the past five years.
In the near future, the ForestLaw Enforcement Governance and Trade Voluntary Partnership Agreement will helpVietnam expand export markets, improve legal regulations on forest managementand deal will illegal wood exploitation and trade, contributing to thesustainable development of Vietnam’s wood processing for export.
The agreement will positively benefit Vietnam insocio-economic and environment terms, contributing to stepping up Vietnam’sexport of wood and wooden furniture to markets outside the European Union suchas the US, Japan and Australia, thus achieving the goal of earning 12-13billion USD from wood exports by 2020.-VNA
The administration reported that the export of forestry projects was estimatedat 8.49 billion USD in the past 11 months, up 16.6 percent annually andaccounting for 23.42 percent of the total agro-forestry-fishery exports.
The sector’s trade surplus was estimated at nearly 6.4billion USD during the period.
Major markets include the US, Japan, the European Union, China and the Republicof Korea, making up nearly 87.33 percent of the total.
In November alone, around 21,000ha of forests wereexploited, equivalent to 1.51 million cu.m. Since early this year, the figurehas been estimated at 17 million cu.m, or 92 percent of the yearly plan, upabout 4 percent year-on-year.
During the 11-month period, the import of wood and woodenfurniture reached 2.1 billion USD, up 6.17 percent annually, mostly from China,the US, Cambodia and Thailand.
According to the VAF, the result was attributable to therestructuring of forestry sector over the past five years.
In the near future, the ForestLaw Enforcement Governance and Trade Voluntary Partnership Agreement will helpVietnam expand export markets, improve legal regulations on forest managementand deal will illegal wood exploitation and trade, contributing to thesustainable development of Vietnam’s wood processing for export.
The agreement will positively benefit Vietnam insocio-economic and environment terms, contributing to stepping up Vietnam’sexport of wood and wooden furniture to markets outside the European Union suchas the US, Japan and Australia, thus achieving the goal of earning 12-13billion USD from wood exports by 2020.-VNA
VNA
