{"id":78452,"date":"2019-11-19T10:03:27","date_gmt":"2019-11-19T10:03:27","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/growing-opportunities-for-vietnam-to-forge-new-wood-products-business-links-in-the-us\/"},"modified":"2025-09-19T08:52:05","modified_gmt":"2025-09-19T08:52:05","slug":"growing-opportunities-for-vietnam-to-forge-new-wood-products-business-links-in-the-us","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/growing-opportunities-for-vietnam-to-forge-new-wood-products-business-links-in-the-us\/","title":{"rendered":"Growing opportunities for Vietnam to forge new wood products business links in the US"},"content":{"rendered":"
\n

Vietnam\u2019s exports of wood products increased significantly in the first 9 months, most notably exports to the US rose by a third. The General Department of Customs has reported exports of wood products in September reached US$862.2 million, up 21% over the same period in 2018.<\/p>\n

The cumulative value of wood product exports in the first three quarters of 2019 was US$7.52 billion, up nearly 18% over the same period in 2018. The United States, Japan, China, South Korea and the United Kingdom are the major export markets for Vietnam's wood and wood products.<\/span><\/p>\n

Vietnam\u2019s wood processing industry is taking advantages of US demand for wood products from sources other than China in an effort to minimise the impact of tariffs. Exports to the US topped US$3.64 billion between January and September this year.<\/p>\n

Greater US surveillance of trade practices likely<\/strong><\/p>\n

Opportunities to promote exports of wood and wood products to the US market continue but so do the challenges in eliminating commercial fraud. The Vietnamese timber sector is concerned that the growing trade deficit between the US and Vietnam will lead to the US increasing its surveillance of trade practices in to protect its domestic timber industry from unfair competition.<\/p>\n

There has been an increase in Vietnam's wood products exports to other markets such as Japan (+17.5%), the UK (+12.5%), Canada (+11%), Germany (+13%) and Taiwan P.o.C (+26%).<\/p>\n

Foreign investments surging ahead<\/strong><\/p>\n

According to the Foreign Investment Agency (Ministry of Planning and Investment) foreign investment into Vietnam in the first 9 months of 2019 was US$29 billion, up 4.3% compared to the same period in 2018. Of this, some US$16 billion has already resulted in new capacity being installed. 3,094 new projects were granted investment registration certificates, an increase of 26% year on year.<\/p>\n

FDI flows from China and Hong Kong increase sharply in the year to September with investments from China doubling and those from Hong Kong quadrupling compared to the same period last year due, say analysts, mainly to the impact of the US-China trade conflict.<\/p>\n

For the year to September the number of delegations visiting Vietnam was up 30% with most being from Japan, South Korea, China, Hong Kong and Singapore.<\/p>\n<\/div>\n

<\/h2>","protected":false},"excerpt":{"rendered":"

Vietnam\u2019s exports of wood products increased significantly in the first 9 months, most notably exports to the US rose by a third. 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