Vietnam targets 9 billion USD from wood exports in 2018.
Vietnam earned 8 billion USD from exports of wood and timber products last year. The sector is taking full advantage of market and production materials to aim for higher export value this year.
Wood exports to hit record high.
Amid the world’s growing demand for wood products and with many key foreign markets tightening their wood material exports, Vietnam’s wood industry may reach a new record export turnover of US$9 billion this year, thanks to firms’ purchasing the materials from new markets.
Canada offers huge opportunities for Vietnam wood processing sector.
Vietnam is Canada’s fourth largest supplier of wood furniture with a market share of 12.9% of the country’s total wood furniture imports.
Wood industry sets $10 billion export value target
Besides the certain achievements of wood industry last years, and new opportunities coming from Law on Forestry and free trade agreements, there are various difficulties and challenges this industry has to overcome to reach the target set forth.
VN wood firms eye int’l market
Việt Nam’s woodworking industry can expand exports but to expand market share and increase value, it needs to keep pace with market trends and capitalise on opportunities, experts have said.
Vietnamese export of wood, wooden products surpasses expectations in 2017
Vietnam’s wood and wooden product industry has prematurely achieved its export target set for 2020, as the sector ranked among the top ten areas that generated the highest export revenue for the country in 2017, according to statistics announced this week.
Wood industry urged to embrace automation
Vietnamese enterprises, regardless of size, should use enterprise resource planning (ERP) solutions to optimise their resources and improve their efficiency, heard a seminar organised by the Handicraft and Wood Industry Association of HCM City on January 9.
As orders continue to increase, the future of the wood industry in Vietnam seems bright
With robust growth in the wood processing industry in 2017, Vietnam is looking forward to getting a turnover of US$8 billion from exports of wooden furniture in 2018.
Vietnamese furniture makers hit by dwindling timber supplies
Valuable wood that could be used by local carpenters is being shipped overseas.
HAWA: Domestic firms dominate local wood market
Domestic enterprises have dominated Vietnam’s wooden furniture market in recent years with annual revenue of US$2 billion, said Huynh Van Hanh, vice chairman of the HCMC Handicraft and Wood Industry Association (HAWA).