HO CHI MINH VILLE (Vietnam News / ANN): Exports of timber and timber products in the first four months of the year amounted to nearly $ 3.2 billion, an increase of 6% in year-on-year change, according to the General Customs Department.
Although the Covid-19 pandemic has negatively impacted the wood processing industry, thanks to Vietnam’s effective control of the outbreak and competitors in Southeast Asia, the EU and the United States having to stop production, companies found new markets, Le Minh Thien, president of Binh Dinh [Province] Association of Timber and Forest Products, said.
In addition, an improvement in the country’s business and investment environment has helped boost the industry’s manufacturing and export activities, he said.
Do Xuan Lap, president of the Vietnamese Timber and Forest Products Association (VIFORES), said that with its effective pandemic control, Vietnam has become an attractive investment destination for many wood processing companies. with a turnover of several billion dollars.
Vietnam expects the timber processing industry’s exports to exceed $ 12.5 billion this year, up 10% from last year, according to VIFORES.
Of this amount, $ 8.68 billion will come from wood exports and $ 2.99 billion from wood product exports, with other forest products accounting for the remainder.
So far this year, exports to the United States have seen a strong increase, while there has been robust growth in shipments to Japan, the United Kingdom, Canada, Germany and the countries -Low, said the import-export department of the Ministry of Industry and Commerce.
With Japan and Canada also members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), he said Vietnamese companies were starting to take advantage of the reduced tariffs under the trade agreement to enter these markets.
With the entry into force of the EU-Vietnam Free Trade Agreement (EVFTA) this year, Vietnamese businesses can also expect similar tariff cuts and increased exports to the EU, already the one of Vietnam’s main markets.
The country’s top 10 markets are the United States, Japan, China, South Korea, United Kingdom, Germany, Canada, Australia, France, and the Netherlands.
Vietnam mainly exports dressing tables, kitchens and bathroom furniture to the US and the EU. Exports of outdoor and office furniture are only 40% of the total, so there is great potential to increase them in the future, said Deputy Minister of Agriculture and Rural Development Ha Cong Tuan. .
The industry must restructure the entire production chain, from tree varieties to the promotion of sustainable forest management, and implement its commitments under the EU-Vietnam voluntary partnership agreement on l Forest Law Enforcement, Governance and Trade (APV-FLEGT) to ensure its timber exports and timber products come from legal sources, he said.
Design and branding are therefore important factors in improving the competitiveness of Vietnamese furniture and other wood products, he added.
Wood products and furniture are mainly made in the southern and central provinces like BÃ¬nh DÆ°Æ¡ng, Äá»ng Nai, Long An, TÃ¢y Ninh and BÃ¬nh Äá»nh. – Vietnam News / Asia News Network