Insight
Forestry export booms in large markets in H1
Viet Nam earned US$7.95 billion from exporting forestry products in the first six months this year, according to the Viet Nam Administration of Forestry (VNFOREST).
Specifically, forestry exports increased by over 46 percent to China and 27 percent to the U.S., against the same period last year.
In the first six months, export turnover was estimated at US$7.95 billion, representing a year-on-year increase of 21.2 percent, accounting for 52.3 percent of the year target.
The country enjoyed a trade surplus of US$6.664 billion, representing a year-on-year increase of 21.6 percent.
Woods and furniture earned around US$6.16 billion in export turnover, up 22.5 percent against the same period last year.
On the other hand, furniture import was estimated at US$1.29 billion, up 19 percent against the same period last year.
This year, the agriculture sector is striving for US$15.2 billion in forestry exports, of which US$14.2 billion will come from wood and wood products, up 6 percent year-on-year.
To that end, the industry will strictly control and manage imported wood, ensure wood is of legal origin before processing, and encourage the use of raw wood sources from domestically grown forests.
In addition, it will promote trade promotion activities, develop markets in new potential regions, and organize international fairs, while encouraging wood processing and exporting enterprises to link with forest growers in production chains./.
Source: https://en.baochinhphu.vn/
