The export value of wood products is forecast to reach 7 billion USDnext year, said General Secretary of the Vietnam Timber and ForestProducts Association (Vifores) Nguyen Ton Quyen.
This is fiveyears earlier than the target set in the national forestry strategy inthe 2006-20 period, as approved by the Prime Minister.
Quyenadded that the forestry industry expects to increase exports whenVietnam signs more trade agreements, including the Forest LawEnforcement, Governance and Trade Voluntary Partnership Agreement(VPA/FLEGT) about the management of wood processing for legal exports tothe European Union, the Trans-Pacific Partnership (TPP) and the ASEANFree Trade Area (AFTA).
According to the Ministry of Agricultureand Rural Development, the eighth joint expert meeting and fourthnegotiation session on the VPA/FLEGT recently took place with the aim ofensuring that all Vietnamese timber and timber products that areexported to the European Union are legally sourced and produced. The twosides showed their willingness to complete the negotiations over theFLEGT-VPA in 2015.
Quyen revealed that the forestry industry isalso considering increasing its previous export target in the 2006-20national forestry strategy by 5 billion USD to touch 12 billion USD by2020.
If suitable measures and effective support policies aretaken, the annual export turnover of the industry will likely reach 15billion USD to 20 billion USD in the next 10 years, Quyen said.
However,he added, the scale of the world demand for wood products is roughly300 billion USD per year, which means Vietnam's total exports are stillquite modest.
This year, Viforest estimated that the export ofwood products will reach 6.2 billion USD, five times higher than that offive years ago.
Exports to the main markets, such as the UnitedStates and Japan, have increased significantly by 14.17 percent and19.47 percent respectively.
Experts attributed the preference for Vietnamese wood products in large markets to their good quality and competitive prices.
They said that many importers have turned to Vietnam's products instead of China's, due to high Chinese labour costs.
Vietnam'swood products have so far been presented at more than 100 markets,including major ones such as the United States, the European Union,Japan and China.
Vietnam is the sixth largest exporter in theworld and the second largest exporter of wood interior decorationproducts, claiming nearly four percent of the world market share.-VNA
This is fiveyears earlier than the target set in the national forestry strategy inthe 2006-20 period, as approved by the Prime Minister.
Quyenadded that the forestry industry expects to increase exports whenVietnam signs more trade agreements, including the Forest LawEnforcement, Governance and Trade Voluntary Partnership Agreement(VPA/FLEGT) about the management of wood processing for legal exports tothe European Union, the Trans-Pacific Partnership (TPP) and the ASEANFree Trade Area (AFTA).
According to the Ministry of Agricultureand Rural Development, the eighth joint expert meeting and fourthnegotiation session on the VPA/FLEGT recently took place with the aim ofensuring that all Vietnamese timber and timber products that areexported to the European Union are legally sourced and produced. The twosides showed their willingness to complete the negotiations over theFLEGT-VPA in 2015.
Quyen revealed that the forestry industry isalso considering increasing its previous export target in the 2006-20national forestry strategy by 5 billion USD to touch 12 billion USD by2020.
If suitable measures and effective support policies aretaken, the annual export turnover of the industry will likely reach 15billion USD to 20 billion USD in the next 10 years, Quyen said.
However,he added, the scale of the world demand for wood products is roughly300 billion USD per year, which means Vietnam's total exports are stillquite modest.
This year, Viforest estimated that the export ofwood products will reach 6.2 billion USD, five times higher than that offive years ago.
Exports to the main markets, such as the UnitedStates and Japan, have increased significantly by 14.17 percent and19.47 percent respectively.
Experts attributed the preference for Vietnamese wood products in large markets to their good quality and competitive prices.
They said that many importers have turned to Vietnam's products instead of China's, due to high Chinese labour costs.
Vietnam'swood products have so far been presented at more than 100 markets,including major ones such as the United States, the European Union,Japan and China.
Vietnam is the sixth largest exporter in theworld and the second largest exporter of wood interior decorationproducts, claiming nearly four percent of the world market share.-VNA
