This would be the highest growth rate in the sector’s history, he said, adding that the sector is also expected to enjoy a trade surplus of approximately 8 billion USD, thus contributing significantly to the agriculture sector’s overall growth.

The forestry sector expects to earn an estimated 11.3 billion USD from exports this year, a year-on-year rise of 20 percent.

Vietnam’s forest products have been exported to over 140 countries and territories worldwide, he said.

The country’s main export markets include the US, Japan, China, the European Union, and the Republic of Korea, which together account for more than 80 percent of the nation’s total export value of forest products.

There are over 4,500 firms operating in wood and forest product processing, of which over 1,800 firms are directly involved in export activities.

Yellow brilliance as Hollywood star shines in Cong Tri outfit

British-American star Sienna Miller chose a marigold yellow gown designed by Cong Tri to attend the 2019 Hollywood Film Awards.

Bac Giang exports wood to many Asian countries

(BGO) – According to the statistic of Department of Agriculture and Rural Development, the export value of wood processing facilities in the northern province of Bac Giang hit 1.3 trillion VND (56 million USD) in the first 9 months of this year.

Export of wood pellets to Japan to rise

Vietnam’s Eastwood Energy JSC and Sweden’s CellMark Group signed a long-term contract in Ho Chi Minh City on August 8 to supply wood pellets to the Japanese market.

Diversifying wood products to enhance competitiveness

(BGO) – The Department of Agriculture and Rural Development on August 8 organized a seminar on opportunities and challenges of wood processing and exporting wood products in the northern province of Bac Giang. 

CPTPP countries – potential markets for Vietnamese wood industry

Countries joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) are potential markets for Vietnamese wood firms, said Nguyen Ton Quyen, Vice Chairman of the Vietnam Timber and Forest Products Association.

Source: VNA