The export of Vietnam’s wood products in 2015 is likely to grow by 15percent from this year, said Huynh The Hanh, Vice Chairman of theHandicraft and Wood Industry Association of Ho Chi Minh City.
The Ministry of Agriculture and Rural Development estimated the shipment of timber and wood products at 6.2 billion USD in 2014.
Ata workshop on Vietnam’s wood supply and demand on December 23, Hanhreassured businesses that despite a downturn, European companies arestepping up relocating the manufacture of wood products to developingcountries.
The US’s imposition of anti-dumping duties on China,the world’s wood processing hub, also offers an opportunity forVietnamese companies to expand their export market share in the timeahead, he added.
As Vietnam has pledged to comply with the US’sLacey Act and the European Union’s Forest Law Enforcement, Governanceand Trade Voluntary Partnership Agreement (FLEGT VPA), all wood producedin Vietnam or imported from other countries now come from legalsources.
Wood imports in Vietnam currently hail from 26-30countries which have sustainable forest management instead of 60countries in the past, Hanh noted.
Tran Le Huy, General Secretaryof Binh Dinh province’s Forest Products Association, said timber fromSub-Mekong region countries which are major suppliers for Vietnam duringrecent years has high risk amid the nation’s greater integration intothe global market.
Since December 2014, Vietnam has suspended thetemporary import for re-export of logs and semi-processed wood fromLaos and Cambodia. The move will possibly help domestic firms increasethe product value as more imported timber will be processed for export,he said.
Huy urged the wood sector to increase the manufactureand shipment of processed products with guaranteed origin instead of rawones, thus raising the global standing of Vietnamese wood products.-VNA
The Ministry of Agriculture and Rural Development estimated the shipment of timber and wood products at 6.2 billion USD in 2014.
Ata workshop on Vietnam’s wood supply and demand on December 23, Hanhreassured businesses that despite a downturn, European companies arestepping up relocating the manufacture of wood products to developingcountries.
The US’s imposition of anti-dumping duties on China,the world’s wood processing hub, also offers an opportunity forVietnamese companies to expand their export market share in the timeahead, he added.
As Vietnam has pledged to comply with the US’sLacey Act and the European Union’s Forest Law Enforcement, Governanceand Trade Voluntary Partnership Agreement (FLEGT VPA), all wood producedin Vietnam or imported from other countries now come from legalsources.
Wood imports in Vietnam currently hail from 26-30countries which have sustainable forest management instead of 60countries in the past, Hanh noted.
Tran Le Huy, General Secretaryof Binh Dinh province’s Forest Products Association, said timber fromSub-Mekong region countries which are major suppliers for Vietnam duringrecent years has high risk amid the nation’s greater integration intothe global market.
Since December 2014, Vietnam has suspended thetemporary import for re-export of logs and semi-processed wood fromLaos and Cambodia. The move will possibly help domestic firms increasethe product value as more imported timber will be processed for export,he said.
Huy urged the wood sector to increase the manufactureand shipment of processed products with guaranteed origin instead of rawones, thus raising the global standing of Vietnamese wood products.-VNA
