Ngô Sỹ Hoài, Secretary General of the Vietnam Timber and Forest Products Association, highlighted the sector’s strengths, noting that Vietnamese wood products are now exported to 118 markets worldwide. Việt Nam is currently the world’s second-largest exporter of wood products...
Wood industry business groups nation-wide have signed a commitment to promote the development of the industry in a “sustainable and responsible” manner.
The wood industry was facing a ‘disaster’ with many businesses left without orders from now until 2021 due to the COVID-19 pandemic, said the Vietnam Timber and Forest Product Association (VTFPA).
Viet Nam’s wood exports this year are set to reach up to US$11.5 billion, exceeding the industry’s own target of $10.5 billion, a 20 per cent increase compared to last year.
Viet Nam earned US$4.15 billion from exports of wood and wooden products in the first six months of this year, marking an increase of 8.4 per cent compared with the same period last year.