Illustrative image (Photo: VNA)
Hanoi (VNA) - Minister of Agriculture and Rural DevelopmentNguyen Xuan Cuong has said that Vietnam is focusing on four measures to bolsterwood and wooden product export growth this year.
At a conference held by the Ministry in Hanoi on May 15, Cuong saidsupport in credit, welfare, taxation, and land use payments has been provided to4,600 manufacturers.
Exporters are also tapping into markets that have controlled COVID-19.
He suggested all associations and enterprises review their businessstrategies to ensure the best conditions possible are in place for excellent performancein the third and fourth quarters.
Cuong highlighted the need to continue restructuring the sector in amodern and sustainable manner and to form major corporations and industrial zonesspecialised in wooden product manufacturing on a regional and global scale thatcould join global supply chains.
Director General of the Vietnam Administration of Forestry Nguyen QuocTri said wood and wooden product exports are forecast to reach nearly 11.75 billionUSD this year, up 3.9 percent against 2019 but down 6.6 percent compared to theyearly target.
The figure for the second quarter is predicted to near 2.18 billion USD,down 20 percent year-on-year.
In the third and fourth quarters it is expected to reach about 3.12billion USD and 3.82 billion USD, up 10 percent and 15 percent, respectively.
Tri said all enterprises are eligible for extensions on value-added andcorporate income tax payments.
Associations proposed further support for businesses such as extensionsand exemptions on social insurance payments and unemployment insurance and additionalpreferential credit packages.
Minister Cuong pledged to collect suggestions from the conference for submissionto the Prime Minister and sectors to adjust policies to suit actual circumstances./.
