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
After more than four years of implementing a project launched by the Hoa Binh Party Committee’s Standing Board on developing agriculture and promoting product consumption linked with building new-style rural areas for the 2021-2025 period, the province’s industry and trade sector has made significant strides, greatly contributing to local socio-economic development.
Luong Son district has identified 2025 as the year for the accelerated breakthrough to successfully implement the socio-economic development plan for the 5-year period from 2021 to 2025. The district has been focusing on executing the plans and trying to achieve a GRDP growth rate of approximately 15%.
Since the beginning of this year, under the direction of the Department of Agriculture and Environment, the Sub-Department of Agricultural, Forestry, and Fishery Product Quality Management has strengthened the integration of the professional activities to promote and guide the organizations and individuals in the production and trading of agricultural, forestry, and fishery products to comply with the legal regulations regarding the use of chemicals, pesticides and veterinary medicines in crop cultivation, livestock farming and aquaculture. They also provide guidance to processing and manufacturing establishments on keeping the records to trace the product origins and using food additives from the approved list according to the regulations.
Hoa Binh province saw a significant rise in state budget revenue in the first two months of 2025, heard a meeting chaired by Vice Chairman of the provincial People’s Committee Quach Tat Liem.
Ha Thi Ha Chi, a 26-year-old graduate in law, has taken an unconventional path by returning to her hometown in Mai Chau district to establish the Tong Dau Cooperative, creating stable jobs for local women and bringing Thai ethnic brocade weaving to the global market.
As the Lunar New Year 2025 approached, pork prices surged, creating a profitable season for farmers in Tan Vinh commune, Luong Son district. Taking advantage of the rising demand, Can Minh Son, a farmer from Coi hamlet, sold over 30 pigs at 69,000 VND/kg, each weighing more than 100 kg. After deducting expenses, his family earned a profit of over 50 million VND.
