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Forestry export expected to hit record 11.3 billion USD in 2019

The forestry sector expects to earn an estimated 11.3 billion USD from exports this year, a year-on-year rise of 20 percent, according to Deputy Minister of Agriculture and Rural Development Ha Cong Tuan.

This would be the highest growth rate in the sector’s history, he said, adding that the sector is also expected to enjoy a trade surplus of approximately 8 billion USD, thus contributing significantly to the agriculture sector’s overall growth.

Forestry export, hit record, forestry sector, year-on-year rise,  trade surplus, overall growth, export activities

The forestry sector expects to earn an estimated 11.3 billion USD from exports this year, a year-on-year rise of 20 percent.

Vietnam’s forest products have been exported to over 140 countries and territories worldwide, he said.

The country’s main export markets include the US, Japan, China, the European Union, and the Republic of Korea, which together account for more than 80 percent of the nation’s total export value of forest products.

There are over 4,500 firms operating in wood and forest product processing, of which over 1,800 firms are directly involved in export activities.

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Source: VNA

Forestry export, hit record, forestry sector, year-on-year rise, trade surplus, overall growth, export activities
 
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