ZCZC
BCN-31
VIETNAM-WOOD-EXPORTING
Vietnam’s wood, woodwork export up 13.4 pct in January-July
HANOI, Aug. 6, 2018 (BSS/Xinhua) – Vietnam gained over 4.8 billion U.S.
dollars from exporting wood and wood-based products in the first seven months
of this year, up 13.4 percent year-on-year, the Wood & Forest Products
Association of Vietnam said on Monday.
In July, the country earned 720 million U.S. dollars from exporting wood
and woodwork, down 4 percent against June.
Vietnam is most likely to make wood and woodwork export turnovers of some
9 billion U.S. dollars in 2018, up from over 7.6 billion U.S. dollars in
2017. Its major export markets include the United States, Japan, China and
the European Union.
The global demand for wooden furniture has increased in recent years, and
the domestic demand for such kind of product tend to climb up due to rapid
urbanization and potential recovery of the local real estate market,
according to the Vietnam Administration of Forestry under the Ministry of
Agriculture and Rural Development.
The global wood and woodwork market is valued at over 120 billion U.S.
dollars a year.
Vietnam is home to nearly 4,000 wood processing enterprises, mainly in the
southern region, of which some 1,500 specialize in making products for
export, said the association.
BSS/XINHUA/HR/1355