Vietnam has led Southeast Asia in exporting woodworks and become oneof the top ten exporters of the product in the world -- the achievementthat was attributable largely to its wood processing industry’s tirelessefforts over the past 15 years.
Former Chairman ofHo Chi Minh City-based Handicrafts and Wood Industry Association (Hawa)Nguyen Chien Thang said by recording a two-digit growth rateconsecutively in recent years, the local wood processing industry hasbeaten highly-competitive rivals from regional countries like Indonesia,Malaysia, and Thailand.
Each industry worker canearn 18,300 USD per year, exceedingly outperforming his peer in thefootwear sector (13,900 USD) and in the seafood industry (8,900 USD).
The Vietnam Chamber of Commerce and Industry (VCCI)confirmed that the industry is one of the country’s key foreign currencyearners, pocketing 5.7 billion USD from shipments to around 120countries and territories worldwide.
It has,however, in recent years, left the domestic market of over 90 millionconsumers, whose purchase is worth 21 USD a year each, for foreign orforeign invested companies, according to Hawa President Nguyen QuocKhanh.
These foreign companies are reportedly making up 80 percent of the domestic market share.
Khanh estimated that local producers could earn around 2 billion USDannually from the local market if they are fully aware of the market’spurchasing power at a time when economic recovery is underway.
The association has, therefore, asked the Prime Minister to put forthpolicies facilitating the development of the segment as one of theeconomic spearheads, aiming to help the industry gross 20 billion USD inexport earnings each year.
Hawa has also suggestedincreasing material forest coverage, calculating that some 3.4 millionha of material forests can supply 15 million cubic metres of logsannually, thus reducing imports of timber for production.
Director of the Light Industry Department under the Ministry ofIndustry and Trade Phan Chi Dung said it is necessary to devise masterplans on investment, tax, credit access, and the establishment of woodprocessing industrial zones or a cluster of these zones, for theindustry to advance further in the coming time.
In 2013, Vietnam earned 5.7 billion USD from selling woodenfurniture abroad, a year-on-year rise of 19 percent. The country expectsto rake in 6.5 billion USD and 10 billion USD by 2014 and 2020,respectively.-VNA
Former Chairman ofHo Chi Minh City-based Handicrafts and Wood Industry Association (Hawa)Nguyen Chien Thang said by recording a two-digit growth rateconsecutively in recent years, the local wood processing industry hasbeaten highly-competitive rivals from regional countries like Indonesia,Malaysia, and Thailand.
Each industry worker canearn 18,300 USD per year, exceedingly outperforming his peer in thefootwear sector (13,900 USD) and in the seafood industry (8,900 USD).
The Vietnam Chamber of Commerce and Industry (VCCI)confirmed that the industry is one of the country’s key foreign currencyearners, pocketing 5.7 billion USD from shipments to around 120countries and territories worldwide.
It has,however, in recent years, left the domestic market of over 90 millionconsumers, whose purchase is worth 21 USD a year each, for foreign orforeign invested companies, according to Hawa President Nguyen QuocKhanh.
These foreign companies are reportedly making up 80 percent of the domestic market share.
Khanh estimated that local producers could earn around 2 billion USDannually from the local market if they are fully aware of the market’spurchasing power at a time when economic recovery is underway.
The association has, therefore, asked the Prime Minister to put forthpolicies facilitating the development of the segment as one of theeconomic spearheads, aiming to help the industry gross 20 billion USD inexport earnings each year.
Hawa has also suggestedincreasing material forest coverage, calculating that some 3.4 millionha of material forests can supply 15 million cubic metres of logsannually, thus reducing imports of timber for production.
Director of the Light Industry Department under the Ministry ofIndustry and Trade Phan Chi Dung said it is necessary to devise masterplans on investment, tax, credit access, and the establishment of woodprocessing industrial zones or a cluster of these zones, for theindustry to advance further in the coming time.
In 2013, Vietnam earned 5.7 billion USD from selling woodenfurniture abroad, a year-on-year rise of 19 percent. The country expectsto rake in 6.5 billion USD and 10 billion USD by 2014 and 2020,respectively.-VNA
