Vietnam posts nearly US$5 billion worth of wood exports in seven months

8/2/2018 - 4:19:03 PM

The export revenue of wood and wooden products was estimated at US$4.8 billion in the first seven months of this year, an increase of 11.6% compared to the same period in 2017, the Ministry of Agriculture and Rural Development has announced.

Vinanet forecast that Vietnam's exports of wood and wooden products will increase by 13%-15% in the second half of 2018

According to the Vietnam Industry and Trade Information Centre (Vinanet), FDI firms reported over US$1.78 billion worth of export revenue from wood and wooden products in the first six months of this year, up 4.8% over the same period last year and equivalent to 43.2% of the total export revenue of wood and wooden products.

The US, China, Japan and the Republic of Korea (RoK) were the largest wood importers of Vietnam in the first half of this year, accounting for 78.5% of the total export value of wood and wooden products.

During the six-month period, Vietnam earned US$1.6 billion from the exports of wood and wooden products to the US, an annual increase of 12.48%, which also occupied 41% of the total export revenue of wood and wooden products.

China came in second with export revenues of US$555.6 million, accounting for 13.4% of Vietnam's total export revenue, a slight rise of 0.02% over the same period last year.

Meanwhile, the markets that witnessed sharp increases in the export value included Malaysia (2.1 times higher), RoK (up 52.8%), France (up 24.8%), the US (up 12.5%), and Australia (up 14.8%).

However, the exports of wood and wooden products to Hong Kong (China) and Austria fell sharply in the first half of 2018, down 44.68% and 35.56% respectively.

Vinanet forecast that Vietnam's exports of wood and wooden products will increase by 13%-15% in the second half of 2018 due to an improved real estate market and increasing demand for the repair and replacement of furniture in the remaining months of the year.

Source: NDO

Six-month industrial production index estimated to rise 20%

According to data from the Hoa Binh Provincial Party Committee, the industrial production index for the first six months of 2025 is estimated to have increased by 20% compared to the same period last year. This marks the highest year-on-year growth rate for this period since 2020.

Exports exceeded 1.1 billion USD in 6 months

In the first six months of 2025, Hoa Binh province’s export turnover was estimated at 1.145 billion USD, marking an 18.11% increase compared to the same period in 2024. Import turnover was estimated at $ 804 million, a 17.15% increase, which helped the province maintain a positive trade balance.

The effectiveness of professional models of association and group in Tan Lac district

The lives of the ethnic minority farmers in Tan Lac district have gradually improved thanks to the new directions in agricultural production. This is a testament to the collective strength fostered through the professional associations and groups implemented by various levels of the district’s Farmers’ Union.

Building the brand of Muong village clean food

With the motto the "product quality comes first,” after nearly one year of establishment and operation, Muong village’s Clean Food Agricultural and Commercial Cooperative, located in Cau Hamlet, Hung Son Commune (Kim Boi district), has launched reputable, high-quality agricultural products to the market that are well-received by consumers. The products such as Muong village’s pork sausage, salt-cured chicken, and salt-cured pork hocks have gradually carved out a place in the market and they are on the path to obtaining the OCOP certification.

Hoa Binh ethnic farmers join forces through collective economic models

In the past, the phrase "bumper harvest, rock-bottom prices" was a familiar refrain for Vietnamese farmers engaged in fragmented, small-scale agriculture. But today, a new spirit is emerging across rural areas of Hoa Binh province - one of collaboration, organisation, and collective economic models that provide a stable foundation for production.

Maintaining farming area codes: Key to bringing Hoa Binh farm produce to global market

Maintaining growing area codes and packing facility codes in accordance with regulations is a mandatory requirement for agricultural products to be eligible for export. Recently, the Department of Agriculture and Environment of Hoa Binh province has intensified technical supervision of designated farming areas and packing facilities to safeguard the "green passport" that enables its products to access international markets.