Illustrative image (Source: Internet)

Hanoi (VNA) - Vietnam’s exports of forest products are expected to reach 9 billion USD in 2018, experts have said.

Reports delivered at a conference in Ho Chi Minh City on March 27 said the country earned 8 billion USD from exporting forest products in 2017, of which 7.7 billion USD was contributed by wood and wooden products.

Representatives from wood enterprises stressed that the 9-billion-USD goal is achievable this year.  

Wood processing and export firms were urged to employ measures to ensure balance between demand and supply, towards promoting sustainable development of the wood processing and export sector.

At a recent seminar held in HCM City, experts also said that wood processing and export businesses of Vietnam have opportunities to expand markets and increase export value in the future.

According to Vice Chairman of the Handicraft and Wood Industry Association of Ho Chi Minh City Huynh Van Hanh, aside from the strong growth of the domestic property market, global demand for wood furniture and wood items this year are predicted to rise by 3.5 percent and 4 percent, respectively.

Domestic wood enterprises were advised to pay more attention to updating technology, improving manpower quality and management capacity, building their own brands, promoting product quality and boosting support services.-VNA