Vietnam ran a surplus of 6.2 billion USD in agro-forestry-fishery trade in January-August, 4.9 percent higher than the same period last year, the latest updates of the Ministry of Agriculture and Rural Development showed.
Vietnam is aiming to build a transparent and legal wood industry to support exports of timber products and bolster the domestic timber manufacturing industry.
The Philippines’ manufacturing production slumped in June due to negative impact of the COVID-19 pandemic, according to the country’s Statistics Authority (PSA).
Vietnamese exporters must make highly competitive products if they want them to be distributed in Japan through the network of AEON group, experts told a meeting in HCM City on July 22.
Export revenue of forestry products hit over 5.3 billion USD in the first six months of 2020, up 2.7 percent over the same period last year, reported the Vietnam Administration of Forestry.
Vietnam will strive to be among the world’s top 15 most developed countries in agriculture by 2030 with agricultural processing to rank in the world’s top 10.
Residents in Van Ha commune, Hanoi’s outlying district of Dong Anh are well-known for their craftsmanship and strong aesthetic sense. Traditional handicraft wood products made in the commune are an ingenious combination of wood and craftsmanship.
Exports of wood and wood products in the first four months of the year were worth nearly 3.2 billion USD, a year-on-year increase of 6 percent, according to the General Department of Customs.
While many workers in several industries in Ho Chi Minh City lost jobs in the first quarter amid the COVID-19 pandemic, recruitment demand in other fields rose.
Despite the difficulties caused by the COVID-19 pandemic, Binh Duong province managed to expand exports by 3.6 percent in the first quarter of the year to 5.8 billion USD, according to its Department of Industry and Trade.
Vietnam has taken full advantage of the CPTPP to gain strong growth in exports to Canada and Mexico, according to the Ministry of Industry and Trade (MoIT).
With Vietnam’s main agro-forestry-fishery export markets after China such as the US and Europe being hit by the new coronavirus-caused acute respiratory disease (COVID-19), Vietnamese exporters are suffering.
Local wood processing enterprises need to expand supply chains with a focus on seeking suppliers from domestic and overseas markets to ease disruptions from China due to the novel coronavirus SARS-CoV-2 outbreak, experts have said.
A delegation from the State Audit Office of Vietnam led by Auditor General Ho Duc Phoc had a working session with President of the Court of Audit of Belgium Philippe Roland in Brussels on February 26.
Vietnam’s wood exports to the European Union (EU) is likely to reach 1 billion USD after the recently ratified EU-Vietnam Free Trade Agreement (EVFTA) takes effect, according to market watchers.
Prime Minister Nguyen Xuan Phuc has requested ministries, localities and businesses strengthen cooperation to develop agricultural mechanisation and processing of agricultural products.
Vietnam expects to gain a total export value of 12.5 billion USD from timber, wooden products and forest products this year, up 10 percent year on year, according to the Vietnam Timber and Forest Product Association (VIFORES).
Business
