Local authorities and businesses are making efforts to promote domestic consumption of agricultural products, which are piling up due to the impact of novel coronavirus outbreaks in China.
The central province of Quang Tri had over 110,000ha of forests for production as of early this month, 22,000ha of which have received Forest Stewardship Council (FSC) forest management certifications.
With the current good growth, the wood processing industry will achieve its export goal of 20 billion USD by 2025, said Minister of Agriculture and Rural Development Nguyen Xuan Cuong at a working session with the Vietnam Timber and Forest Product Association (VIFORES) in Hanoi on January 9.
Vietnam’s wood exports this year are set to reach up to 11.5 billion USD, exceeding the industry’s own target of 10.5 billion USD, a 20 percent increase compared to last year.
Vietnam’s wood exports this year are set to reach up to 11.5 billion USD, exceeding the industry’s own target of 10.5 billion USD, according to the Vietnam Timber and Forest Product Association (VTFPA).
Vietnam and the US recently unveiled the logo of the 25th founding anniversary of their diplomatic ties (July 2020), which also marks 25 years since the normalisation of bilateral diplomatic relations
Timber and wood products generated about 9.64 billion USD in export revenue between January and November, up 19.5 percent year on year, statistics show.
Foreign direct investment in the wood processing industry has increased rapidly, especially since 2018, the Vietnam Timber and Forest Product Association has said.
Vietnam’s agriculture sector gained a trade surplus of 8.8 billion USD in the first 11 months of this year, 1.5 billion USD higher than the same period last year.
A wide range of outdoor and indoor furniture, handicrafts and household appliances are on display at the 2019 Vietnam Furniture and Home Furnishing Fair that opened in Ho Chi Minh City on November 28.
The agriculture sector enjoyed a trade surplus of 8.8 billion USD in the first 11 months of this year, 1.5 billion USD higher than the same period last year, according to the Ministry of Agriculture and Rural Development.
Vietnam raked in more than 1 billion USD from wood and wood product exports in October, up 22.7 percent year-on-year, according to the General Department of Vietnam Customs.
A collective labour agreement was signed at six woodworking enterprises operating in the Tam Phuoc industrial park in the southern province of Dong Nai at a ceremony held by the provincial Labour Federation on November 19.
Vietnam's export to the Republic of Korea (RoK) in the period after the Vietnam-Korea Free Trade Agreement (VKFTA) came into effect (2016-2018) reached an average growth of 26.9 percent per year.
The reality of export-import and foreign direct investment (FDI) shift in the wood industry in Vietnam were the main focus of a recent workshop in Hanoi.
Vietnam’s export revenue slid 0.8 percent year on year to 22.4 billion USD in October as shipments of telephones and spare parts fell substantially, according to the Ministry of Industry and Trade.
Minister of Industry and Trade Tran Tuan Anh affirmed Vietnam’s wish to promote the friendship and economic, trade and investment ties with the UAE while addressing a business forum between the two countries in Hanoi on October 15.
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