Vietnam’s forestry export up 20 percent in 2021

Vietnam’s forestry export value this year is estimated at 15.87 billion USD. (Photo: VNA)

Hanoi (VNA) – Vietnam’s forestry export value this year is estimated at 15.87 billion USD, a year-on-year rise of 20 percent, an official has said.

Of the number, the export revenue of wood and wood products reached 14.72 billion USD, and that of non-timber forestry products was 1.15 billion USD, said Bui Chinh Nghia, deputy head of the Vietnam Administration of Forestry under the Ministry of Agriculture and Rural Development.

The sector accounted for over 30 percent of the country’s total agro-forestry-fishery export revenue, 4.7 percent of the country’s accumulative export value and was among the seven items with export revenue exceeding 10 billion USD.

Notably, it significantly contributed to the trade surplus of the agro-foresry-fishery sector.

To ensure materials for processing, domestic firms also imported wood and wood products worth around 2.93 billion USD, up 14.2 percent from the corresponding time last year.

Nghia said the sector is expected to face more difficulties in 2022 due to the complexity of the COVID-19 pandemic. Given this, the Vietnam Administration of Forestry will continue to support domestic enterprises to overcome the challenges, thus ensuring the sector’s growth./.

VNA