Nguyen Quoc Khanh, Hawa chairman, said exports of wooden and other forestry products rose by 10.2% last year to a record US$8 billion, a figure targeted only in 2020. Exports of wood and wooden products increased by 12.3% a year for the past seven years, and are forecast to rise even faster in the next three years, he told a recent celebration in Ho Chi Minh City, on the occasion of the forestry products exported value reaching the US$8 billion mark in 2017. He listed the opportunities for the sector until 2020, saying the future is bright. China, the world’s largest supplier of wooden products, has imposed export taxes on wooden products. It faces a lawsuit in the US for dumping furniture, reducing the competiveness of its products. Other main furniture producers like Germany and Italy have cut production due to higher costs, while Malaysia and some other ASEAN members have development strategies but lack the workforce required. Global demand for furniture remains high, and though Vietnam is strong in that area its exports are insignificant, which means there is considerable scope for Vietnamese firms to increase their market share. Minister of Agriculture and Rural Development Nguyen Xuan Cuong hailed the sector’s achievements, saying that reaching US$8 billion in exports is a very important landmark for the forestry sector. It would have opportunities to expand its market share in the global market since “there is an increase in demand,” he said. But consumers have increasingly higher demands and furniture producers… [Read full story]
Vietnam's wood exports reached USD479 million in December last year, bringing the year's timber turnover to USD5.37 billion. The figure represent a surge of 15.2 percent against 2012, announced the Ministry of Agriculture and Rural Development (MARD). The US, China, Japan and the Republic of Korea remained the country's leading importers, MARD noted. The domestic wood-processing industry has enjoyed strong growth over the past 10 years, with export value increasing at an average of 15.5 percent each year. It had earned USD4.6 billion from exports last year, representing a year-on-year rise of 18 percent. Despite the increasing export turnover, the…... [read more]
Vietnam's wood exports reached 479 million USD in December last year, bringing the year's timber turnover to 5.37 billion USD. The figure represent a surge of 15.2 percent against 2012, announced the Ministry of Agriculture and Rural Development (MARD). The US, China, Japan and the Republic of Korea remained the country's leading importers, MARD noted. The domestic wood-processing industry has enjoyed strong growth over the past 10 years, with export value increasing at an average of 15.5 percent each year. It had earned 4.6 billion USD from exports last year, representing a year-on-year rise of 18 percent. Despite the increasing…... [read more]
Exports of wood and wooden products in May 2015 were valued at nearly USD2.56 billion, a year-on-year rise of 6.9%, reported the Ho Chi Minh city Handicraft and Wood Industry Association (Hawa). The US, Japan and China were the three biggest importers of Ho Chi Minh city’s wood products, accounting for 65.3% of the total. The advantage came from the economic crisis making European producers reduce their wood production and the US imposing on anti-dumping tax on Chinese wooden products. Vietnam’s wood export turnover is forecast to rise sharply until the end of the year as domestic wood producers have…... [read more]
Vietnam has led the Southeast Asia in wood exports and been listed in the world's top ten exporters after 15 years, when the country's export turnover was barely tens of millions of US dollar per year compared to billions of US dollar in Indonesia, Malaysia and Thailand. Vietnam's wood export turnover grew 19 percent and touched US$5.7 billion last year and is expected to hit $6.5 billion this year, approaching the $10 billion target feasible by 2020. Mr. Nguyen Chien Thang, former chairman of the Handicraft and Wood Industry Association of Ho Chi Minh City (HAWA), said that Indonesia, Malaysia…... [read more]
The year 2015 is providing a golden opportunity for Vietnam’s wood exporters to boost their global exports, according to the Handicrafts and Wood Industry Association of Ho Chi Minh City (HAWA). The forecast is based predominantly on the shrinking market share of China - the country’s main competitor – in the US market, where Chinese wood products are facing high anti-dumping taxes. In addition to this, a number of wood factories in the main exporting countries have been closed down due to the ripple effects of the economic recession in Europe, providing an opportunity for Vietnam to raise its wood…... [read more]
