Business
Forestry product exports rise by nearly 18% in first four months
  • | Nhan Dan | April 23, 2019 04:18 PM

The export value of forestry products increased by 17.8% year on year to take in US$3.278 billion in the first four months of 2019, according to recent statistics from the Vietnam Administration of Forestry.



The export value of forestry products increased by 17.8% year on year to take in US$3.278 billion in the first four months this year. (Photo: VNA)


The US, Japan, the EU, China and the Republic of Korea have remained the five largest importers of Vietnamese forest products, accounting for some 87% of the industry’s total export value.


As of April 18, more than 29 hectares of concentrated forests were planted, accounting for 21.6% of the yearly plan. Meanwhile, the number of forest law violation cases was brought down by nearly 1,076 or 25% from last year. The area of damaged forest was also reduced by 58 hectares or 23%.

Prime Minister Nguyen Xuan Phuc recently issued Directive No.08/CT-TTg, outlining measures to increase forestry shipments to US$11 billion in 2019, US$12-13 billion in 2020, and US$18-20 billion in 2025.

Vietnam has 4,500 enterprises processing and exporting wood and forestry products, 1,863 of which are exporters. They include more than 700 foreign-invested businesses with large production scales and the application of advanced technologies in production.

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