The export value of forestry products in the first five months of 2019 hit 4.25 billion USD, up nearly 20 percent year-on-year, according to the Vietnam Administration of Forestry under the Ministry of Agriculture and Rural Development (MARD).
Vietnam is the biggest beneficiary in the shift of the investment flow from China amidst the Sino-American trade war, according to Maybank Kim Eng senior economist Chua Hak Bin.
The Voluntary Partnership Agreement (VPA) on Forest Law Enforcement, Governance, and Trade (FLEGT) between the European Union (EU) and Vietnam will come into force on June 1, 2019.
The surge in imports of several commodities limited the trade surplus in the past four months to 711 million USD, compared to the surplus of 3.7 billion USD during the same period last year.
Vietnamese agro-forestry-fishery products are now available in 180 countries and territories thanks to Vietnam’s increasing global economic integration and implementation of free trade agreements.
The southern provinces of Binh Duong and Dong Nai, which have the highest export growth rate and number of businesses in the wooden products sector, are poised to take advantage of the benefits of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
A medium density fibreboard (MDF) factory that is considered the biggest of its kind in the central region of Vietnam was inaugurated in Vu Quang district of Ha Tinh province on April 21.
There is great potential for trade cooperation between Vietnam and Nigeria and investment in many sectors like agriculture, agricultural processing, garment, footwear, mining, and production of construction materials, a forum heard in Ho Chi Minh City on April 16.
The long-standing friendship and multifaceted cooperation between Vietnam and Romania are set to be further intensified through the official visit to the European nation from April 14 to 16 by Prime Minister Nguyen Xuan Phuc.
Improved exports in March helped Vietnam gain a trade surplus of 536 million USD in the first quarter after running deficits in the first two months, the latest update from the General Statistics Office (GSO) revealed.
Deputy Prime Minister Trinh Dinh Dung has ordered tightening the control of changes in the use of forests while strictly enforcing the closure of natural forests at a conference of the steering committee for sustainable development of the forestry sector.
Prime Minister Nguyen Xuan Phuc on March 28 issued a Directive on measures to achieve rapid and sustainable development of the wood and non-wood forest product processing industry to serve exports.
The paper industry contributes about 1.5 percent to the country’s gross domestic product. However, the sector has not developed a growth strategy. This lack of development plans has led to imbalanced
The southern province of Dong Nai recorded a trade surplus of 500 million USD in the first two months of 2019, according to the provincial Department of Industry and Trade.
The wood and forestry export turnover for this year needs to surpass 11 billion USD, Prime Minister Nguyen Xuan Phuc told the agriculture sector at a forum held in Hanoi on February 22.
2018 was a successful year for the wood industry, with the export of wood products earning the country over 8.9 billion USD (not including non-wood forestry products), up 14.5 percent from the previous year.
Vietnam is current the top exporter of wood and furniture in Southeast Asia, the second biggest in Asia and the fifth in the world, according to the General Department of Vietnam Customs.
Canada’s Minister of International Trade Diversification Jim Carr and Minister of Infrastructure and Communities François-Philippe Champagne attended a ceremony in Vancouver on February 11 to mark the coming into force of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Investment and trade ties between Vietnam and the Czech Republic have shown encouraging signs along with the thriving political and diplomatic relations.
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