Business

Wood exports to EU surge 36.4 percent in H1

Exports of wood and timber products to the EU totalled 314 million USD in the first half of 2021, a 36.4 percent increase from the same period last year.
Wood exports to EU surge 36.4 percent in H1 ảnh 1Wood exports to EU surge 36.4 percent in the first half of 2021. (Photo: VNA)

Hanoi (VNA) – Exports of wood and timberproducts to the EU totalled 314 million USD in the first half of 2021, a 36.4percent increase from the same period last year.

Insiders believed shipments to the EU will continue tosurge during the remaining month of the year as the bloc is gradually easingCOVID-19 prevention rules and opening its border to trade.

The trend is also supported by the effectiveimplementation of the EU-Vietnam Free Trade Agreement and growing demand for housingconstruction and repair in the EU countries at the end of the year.

Many EU wood furniture producers are increasing importsof materials from non-EU states due to reasonable prices and good designs.

Vietnamese wood exporters have received a great deal oforders, particularly from the US and the EU, said Bui Chinh Nghia, deputygeneral director of the Vietnam Administration of Forestry (VNFOREST).

Among EU buyers, Germany led the way with 62.2 millionUSD worth of imports from Vietnam, up 19 percent year on year. It was followedby France (55.04 million USD, up 29 percent), and the Netherlands (45.47million USD, 60 percent)./.

VNA
#Exports of wood and timber products #EU #H1 2021 #Vietnam #Vietnam news #Vietnam news agency #Vietnamplus European Union
Follow VietnamPlus

Related News

Wood exports to hit 12.5 billion USD in 2020

Wood exports to hit 12.5 billion USD in 2020

Wood export turnover this year is expected to reach a record high of nearly 12.5 billion USD despite impacts of the COVID-19 pandemic as well as risks from export markets and the country’s policy changes in controlling the legality of imported wood materials.
Wood exports post 50.5-percent surge in four months

Wood exports post 50.5-percent surge in four months

The export turnover of wood and wood products hit 4.99 billion USD in the first four months of 2021, a surge of 50.5 percent year-on-year, according to the Ministry of Agriculture and Rural development.

See more

Vietnamese bananas are sold at an AEON supermarket in Japan. (Photo: VNA)

Vietnamese products promoted at AEON stores across Japan

Speaking at the opening ceremony, Deputy Minister of Industry and Trade Phan Thi Thang highlighted the significance of 2026, which marks a decade of cooperation between the ministry and AEON in organising Vietnam Week in Japan.

Growing demand for financing for infrastructure and green transition projects is driving Vietnam’s search for new sources of capital. In the photo: A section of Noi Bai – Lao Cai Expressway. (Photo: VNA)

Vietnam seeks to unlock capital for infrastructure, green transition

As Vietnam advances its sustainable growth agenda and commitment to achieving net-zero emissions by 2050, the need for long-term capital is rising rapidly. Experts say meeting these financing requirements will depend not only on expanding available resources but also on broadening funding sources and improving project financing models.

Private technology enterprises are increasingly viewed as a driving force at the heart of the innovation ecosystem. (Photo: VNA)

Vietnam pushes to develop world-class technology startups

Vietnam’s startup ecosystem now comprises roughly 4,000 startups, 208 investment funds, 84 incubators and more than 20 startup support centres. With an estimated valuation of 75 billion USD, the ecosystem has established most of the key foundations needed for long-term growth.

Officials of the Vietnamese Ministry of Finance and the Japan International Cooperation Agency (JICA) at the meeting in Hanoi (Photo: Ministry of Finance)

Finance Ministry, JICA to hasten major joint projects

JICA President Tanaka Akihiko said he is pleased to return to Vietnam and see landmark projects of bilateral ties now operational and delivering clear benefits to the public, including Nhat Tan Bridge and Ho Chi Minh City’s metro line No. 1.

Customers conduct transactions at an Agribank office in Hung Yen province. (Photo: VNA)

Outstanding green credit reaches 828 trillion VND

To date, loans subject to environmental and social risk assessments have exceeded 5.1 quadrillion VND (some 193.6 billion USD), representing an almost 25-fold increase compared with the end of 2017 and accounting for 27.7% of total outstanding credit in the economy.