Wood exports upward bound
HA NOI (VNS) - The The association's general secretary Nguyen Ton Quyen said the association has notified the Ministry of Industry and Trade about the export value target as the major export markets for Vietnamese wood and wooden products have potential to grow this year, including the US, Japan and China, reports Thoi bao Kinh te Viet Nam (Vietnam Economics Time) newspaper. Meanwhile, with the EU market overcoming its economic crisis, there would be more opportunities there for the local wood and wooden product exports, Quyen said. The Trans Pacific Partnership (TPP) Agreement, which is expected to be signed this year, will bring more tariff advantages for wood and wooden product exports and the local forestry industry, because Viet Nam and its major export markets for these products, including the US, Japan and Australia, are TPP members, he said. Therefore, Vietnamese wood and wooden product exports would be more competitive than similar Chinese products as In the coming years, the Ministry of Agriculture and Rural Development will promote the restructuring of the wood processing industry for sustainable development. Under the plan, the ministry will restructure the location of wood processing enterprises nationwide, promote cooperation between wood processors and forest owners, restructure wood products having high competitive ability and value to boost the exports of furniture and limit the export of wood chips. The ministry will increase promotion of wooden product exports, build exhibition centres for wooden products in the three regions of According to the ministry, the wood processing industry last year gained a year-on-year increase of 15.24 per cent in export value to make a record $5.38 billion. Vietnamese wooden products posted high growth in almost all their export markets, including the Additionally, the country also started exporting to At present, Vietnamese wooden products are exported to 120 countries and territories, including the four key markets of the However, the industry has 4,000 wood processors without a synchronized plan and almost of them don't have distribution systems in foreign markets so their competitive ability is low. The enterprises have not paid attention to product design and research for production of wooden products, according to the ministry. - VNS |
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