Business

Wood industry’s export target of 14.5 billion USD reachable

Wood enterprises are getting back to normal after a long suspension of operations due to the COVID-19 pandemic, and are confident to earn a total of 14.5 billion USD from exports this year.
Wood industry’s export target of 14.5 billion USD reachable ảnh 1Illustrative image (Photo: VNA)
Hanoi (VNA) – Wood enterprises are getting back to normal after along suspension of operations due to the COVID-19 pandemic, and are confidentto earn a total of 14.5 billion USD from exports this year.

According to the Vietnam Timber and Forest ProductAssociation (VIFOREST), the export turnover of Vietnam’s wooden and forestproducts hit 10.76 billion USD in the first nine months of 2021, up 30.5percent year-on-year.

The export turnover of wood and wooded products reached 11.5billion USD as of mid-October, while that of non-timber forest products was 0.7billion USD.

In a recent survey by Forest Trend, 83 percent of surveyed enterprises saidthey have had recovery plans in which they will change their businessstrategies, ensure safe production, and increase the processing scale.

Experts said that materials and labour are two of the mostimportant factors affecting production and business results of companies at thistime.

Together with advantages of free trade agreements (FTAs) andfirms’ activeness in increasing their operation capacity by 20-30 percent inthe remaining months of this year, the wood industry can achieve its goal of14.5 billion USD from exports this year, up 15 percent from 2020./.
VNA
#Wood enterprises #back to normal #14.5 billion USD #Vietnam Timber and Forest Product Association #Vietnam #Vietnamplus #Vietnam News Agency
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