Vietnam’s export of wood and wood-based products is projected to reach 8.85 billion USD in 2018, up over 1 billion USD from the 2017 record of 7.7 billion USD.
Wooden
planks are manufactured at Minh Duong Furniture Corporation in Quang Nam
Province's Nui Thanh District. (Photo: VNA)
The Ministry of
Industry and Trade made the forecast based on strong growth of the sector in
the past 10 month.
Timber and wood products earned the country over 7.22 billion
USD between January and October, increasing 15.6 percent against the same
period last year.
Importing nearly 3.12 billion USD worth of Vietnamese wood
and wood-based products, the United States was Vietnam's biggest export market
in the period.
Also between January and October, Vietnam spent nearly 1.9
billion USD importing wood and woodwork products, translating into a trade
surplus of over 5.35 billion USD, an annual increase of nearly 1 billion USD.
Trade surplus of timber goods was ranked second among key
Vietnamese agricultural exports during the period, only behind that of aquatic
products, which recorded over 5.8 billion USD.
In October alone, export value of wood and wood products
stood at 845.4 million USD, up 25.3 percent year-on-year, with the US alone
accounting for 389 million USD, followed by Japan (104.45 million USD), China
(115.14 million USD) and the Republic of Korea (86.53 million USD). All of them
posted increases ranging from 10 to 40 percent compared to the same period last
year.
Nguyen Ton Quyen, General Secretary of the Association of
Vietnam Timber and Forest Product, said the last three months of a year are
always the peak time for forestry exports.
He unveiled that almost all enterprises in the sector have
now secured enough export orders for the rest of the year, mostly from the US,
EU, Japan, the Republic of Korea, and China.
Source: VNA
The provincial Department of Agriculture and Rural Development on November 20 coordinated with Hai Dang Group Hoa Binh Seafood Company Limited to release 1.5 tonnes of fries into Hoa Binh Lake to regenerate aquatic resources, with a total value of 266 million VND (10,460 USD).
On the afternoon of November 16, Nguyen Phi Long, alternate member of the Party Central Committee and Secretary of the provincial Party Committee, held a reception for a delegation from the Indian Embassy led by Ambassador Sandeep Arya. The delegation included the chairperson of the Indian Chamber of Commerce in Vietnam, embassy personnel, and Indian businesses operating in Vietnam. Accompanying Long at the meeting were leaders of the provincial People's Committee and representatives from various departments and sectors.
Hoa Binh province hosted the "Meet India 2024" conference on November 16, marking a significant step in strengthening bilateral economic ties between Vietnam and India.
In recent times, with its core role in building and fostering great national unity, Cao Phong district's Vietnam Fatherland Front Committee has actively carried out its responsibilities and front work, and closely collaborated with member organisations to encourage locals to implement the Party’s guidelines, and the State’s policies and laws. At the same time, it has worked to promote the dynamism, creativity, and contributions of officials, Party members, and local people to help the district develop further.
From a type of bulb used as a seasoning for daily meals, thanks to the efforts of local authorities and farmers, shallots have become a commercial crop in Yen Thuy district, contributing to promoting the transformation of crop structure in agricultural production, bringing higher incomes to locals.
