{"id":75123,"date":"2018-02-07T14:29:41","date_gmt":"2018-02-07T14:29:41","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/vietnam-wooden-products-exports-reach-9-billion-in-2018\/"},"modified":"2025-09-19T08:47:24","modified_gmt":"2025-09-19T08:47:24","slug":"vietnam-wooden-products-exports-reach-9-billion-in-2018","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/vietnam-wooden-products-exports-reach-9-billion-in-2018\/","title":{"rendered":"Vietnam wooden products exports reach $9 billion in 2018"},"content":{"rendered":"
\n

Vietnam's forestry products exports are forecast to reach $9 billion this year. The value of wood and wooden products might account for $8.5-8.7 billion.<\/em><\/p>\n

Nguy\u1ec5n Qu\u1ed1c Khanh,\u00a0chairman of the Handicraft and Wood Industry Association of HCM City, said that\u00a0exports of wooden and other forestry products rose by 10.2 per cent last year to a record $8 billion, a figure targeted only in 2020.<\/p>\n

As reported by Vietnam News, 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 added during a celebration in HCM City, on the occasion of the forestry products exported value reaching the $8 billion mark in 2017. Also, Khanh listed\u00a0the opportunities for the sector until 2020, saying the future is bright.<\/p>\n

China, the largest wooden products supplier in the world, now faces a lawsuit in the US for dumping furniture, reducing the competitiveness of its products, by imposing\u00a0export taxes on wooden products. Germany and Italy, other main furniture products, have\u00a0cut production due to higher costs, while Malaysia and some other ASEAN members have development strategies but lack the workforce required.<\/p>\n

Global demand for furniture remains high, and though Vi\u1ec7t Nam is strong in that area its exports are insignificant, which means there is considerable scope for Vietnamese firms to increase their market share, Vietnam News reported.<\/p>\n

Minister of Agriculture and Rural Development Nguy\u1ec5n Xu\u00e2n C\u01b0\u1eddng hailed the sector\u2019s achievements, saying: \u201cReaching $8 billion in exports is a very important landmark for the forestry sector.\u00a0It would have opportunities to expand its market share in the global market since there is an increase in demand.\u00a0But consumers have increasingly higher demands and furniture producers need to improve quality, designs and features to add value to their products.\u00a0Vi\u1ec7t Nam\u2019s 100 million population makes it a promising market too.<\/em>\u201d<\/p>\n

Thus, private businesses have to invest more in technology and management as to raise productivity and sustain the quality of their products. Also, they would have to diversify the timber sources as to\u00a0avoid the risk of high prices while saying no to illegal sources.<\/p>\n

The US has cut corporate income tax to support local furniture producers, and Vietnamese firms should avoid export of products that US firms are producing, C\u01b0\u1eddng added.<\/p>\n

Nguy\u1ec5n Li\u00ean, general director of L\u00e2m Vi\u1ec7t Joint Stock Company, said the market for wooden products is good now with many international buyers shifting from China to Vi\u1ec7t Nam.\u00a0\u201cI\u00a0think the export target of $9-10 billion is easy to achieve.<\/em>\u201d\u00a0His company had earned $21 million from furniture exports last year, and it is expected to increase by 20-25 per cent to $25-27 million this year.\u00a0\u201cBusinesses have prepared well to capitalise on market opportunities,<\/em>\u201d he added.<\/p>\n

Wood and wooden products rank sixth in the list of the country\u2019s largest export items, while Vietnam\u00a0is the largest exporter of those products among ASEAN member nations, second largest in Asia and fifth in the world.<\/p>\n

Fourteen outstanding wood processing and forestry products export firms were honored for their business achievements at the\u00a0celebration.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Vietnam’s forestry products exports are forecast to reach $9 billion this year. The value of wood and wooden products might account for $8.5-8.7 billion. Nguy\u1ec5n Qu\u1ed1c Khanh,\u00a0chairman of the Handicraft and Wood Industry Association of HCM City, said that\u00a0exports of … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":58187,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716,4715],"tags":[3637,3525,3429],"class_list":["post-75123","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends","category-market-analysis","tag-export","tag-vietnam","tag-wood-products","topic-forestry","topic-sawmilling","topic-wood-furniture","area-asia-middle-east"],"acf":[],"yoast_head":"\nVietnam wooden products exports reach $9 billion in 2018<\/title>\n<meta name=\"description\" content=\"Vietnam's forestry products exports are forecast to reach $9 billion this year. 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