Business

Wood export growth recorded in most markets

Vietnam exported wood and timber products worth 1.48 billion USD to 38 markets in the first two months of 2018, a year-on-year rise of 38.3 percent.
Wood export growth recorded in most markets ảnh 1Wood export growth recorded in most markets (Illustrative image. Source VNA)

Hano​i (VNA) – Vietnam exported wood andtimber products worth 1.48 billion USD to 38 markets in the first two months of2018, a year-on-year rise of 38.3 percent.

Growth was reported in most markets, includingthe US (29 percent), China (29.6 percent), Japan (34.5 percent) and theRepublic of Korea (48 percent).

Strong hikes were recorded in Switzerland (508percent), Finland (486.5 percent), Turkey (187.6 percent), Saudi Arabia (187.4percent), Malaysia (138 percent) and the Czech Republic (104.8 percent).

Chairman of the Handicraft and Wood IndustryAssociation of Ho Chi Minh City (HAWA) Nguyen Quoc Khanh advised wood companiesto pay more attention to international standards to reach out further to theworld.

He noted that since major global wood producersare shifting to other industries, it would not be difficult for the Vietnamesewood sector to increase its market share in the global market.

Vietnam hopes to enjoy wood export growth of 13percent in 2018, 13.7 percent in 2019 and 14.5 percent in 2020, he added.

To realise these goals, wood firms should investin technology to reduce production costs and increase quality of products andtheir added value, Khanh recommended.
It is necessary to study a long-term strategy of material production, improvecompetitiveness, encourage forestry development and say no to illegal logging,he added.-VNA

VNA
#Vietnam #export wood #timber products #markets #growth #the US #China #Japan #the Republic of Korea #Switzerland #Finland #Turkey #Saudi Arabia #Malaysia #the Czech Republic #Handicraft and Wood Industry Association of Ho Chi Minh City (HAWA) #global markets #increase competitiveness #forestry development #illegal logging
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