11/12/2020 16:04:09 (GMT +7)

Forestry sector reports unprecedented export turnover of $13 billion

Đổi trò chơiDespite Covid-19, the forestry obtained total export turnover of $13 billion worth of timber and wooden exports this year.

Nguyen Quoc Tri, director general of the Vietnam Administration of Forestry, revealed at events held on the 75th anniversary of the forestry sector that the sector has been growing rapidly in recent years, topping the top 10 agricultural export items, earning tens of billion of dollars, thus making a great contribution to economic development.

Forestry sector reports unprecedented export turnover of $13 billion

According to Tri, Vietnam exported $11.3 billion worth of forestry products last year, while the figure will rise to $13 billion, accounting for 2.3 percent of Vietnam’s total export turnover and 26 percent of total turnover from farm, forestry and seafood exports.

Vietnam has become the fifth largest exporter in the world, the second in Asia and the first in Southeast Asia, in forestry produce.

Vietnam woodworks are present in 120 countries and territories.

Đổi trò chơiThe forestry sector also earns money from non-timber forestry products and forest environment services. In 2011-2019, roughly VND2 trillion a year was paid to forest owners and the residential communities who participated in forest protection.

Tri stressed that the forestry sector has actively helped eliminate hunger and reduce poverty as it has attracted 20 million workers, increased incomes, created more jobs, and developed livelihoods from the forestry sector.

Đổi trò chơiThe labor productivity of the woodwork sector has been increasing step by step, from $17,000 per head per year in 2010 to $20,000 in 2015 and $25,000 now, an increase of 25 percent compared with 2015 and 47 percent compared with 2010.


Asked about the forest area, Tri said that the figure has been increasing steadily year after year with the national forest coverage rate of 42 percent in 2020.

Vietnam has closed some forests and stopped the exploitation of timber on 10.3 million hectares of natural forests and strictly controlled ' changes in forest use purposes. A network of 2.2 million hectares of specialized use forests and 4.6 million hectares of preventive forests have taken shape.

Đổi trò chơiCommenting about wood and woodwork exports, Deputy Minister of Agriculture and Development Ha Cong Tuan said export turnover has been growing by more than 10 percent per annum.

The exports are mostly wooden products. Besides, there are also non-timber forest products. The noteworthy thing is that the exports of non-timber products have been growing rapidly, by 30-46 percent, which is much higher than the growth rate of woodwork exports.

Đổi trò chơiAs of November 2020, the total value of timber and woodworks had reached $11.7 billion, up by 15 percent from the $10.1 billion of the same period last year. $13 billion was the target set before the Covid-19 outbreak, but Tri believes the figure is within reach. 

T. An

E-commerce gives impetus to woodworking sector

E-commerce gives impetus to woodworking sector

In the rapid development of e-commerce, online stores and factories are one of the solutions with which enterprises can cope with the prolonged Covid-19 pandemic while laying a foundation for digitalized business

Vietnam’s woodworks prepare for FLEGT licensing

Vietnam’s woodworks prepare for FLEGT licensing

Striving to become a woodwork manufacturing center of the world, Vietnam is endeavoring to localize regulations to be able to grant FLEGT licenses, paving the way for woodworks to penetrate the EU and other markets.


Other News

Annual textile and garment exports down for first time in 25 years
BUSINESSicon  02/12/2020 

The total export value of the textile and garment industry is forecast to reach about US$33.5-34 billion this year, a year-on-year decrease of 14-15 per cent, but higher than the forecast of $30-31 billion in April.

BUSINESSicon  02/12/2020 

Đổi trò chơiTra fish exporters should remain calm amid China’s control of imported frozen food

Freight and logistics stocks on the rise despite pandemic
BUSINESSicon  02/12/2020 

Freight and logistics stocks have seen major gains since the beginning of 2020 even as the COVID-19 pandemic has wreaked havoc on the economy.

VN sugar industry calls for fair competition
BUSINESSicon  02/12/2020 

Đổi trò chơiThe sugar industry is facing many challenges and unfair competition from imported and smuggled goods, experts told a conference held in Hanoi on December 1.

VND4 trillion tower: no buyer after 10 years
BUSINESSicon  02/12/2020 

Many buildings up for sale cannot find buyers.

ASEAN customs transit system launched
BUSINESSicon  02/12/2020 

The online ASEAN Customs Transit System (ACTS) was officially launched on November 30 to accelerate trade in goods by road within Southeast Asia.

Tax hike worries ride-hailing drivers, but their companies actually pay the tax
BUSINESSicon  02/12/2020 

Under a new regulation, from December 5, ride-hailing services will be taxed 10 percent instead of the current 3 percent.

China-ASEAN Expo opens, featuring digital economy, RCEP
BUSINESSicon  03/12/2020 

The 17th China-ASEAN Expo and China-ASEAN Business and Investment Summit kicked off on Friday, highlighting booming digital economy cooperation and the implementation of a recently signed major trade pact.

Covid-19 crisis leads to lower incomes, living conditions for tens of thousands of families
FEATUREicon  02/12/2020 

Đổi trò chơiSurveys all show that the living conditions of many Vietnamese have become worse because of Covid-19. However, economists are not recommending a second support package.

BUSINESSicon  01/12/2020 

UNDP helps Da Nang build circular economy hub

FDI forecast to flow into supporting industries as investors set up new supply chains
BUSINESSicon  01/12/2020 

Đổi trò chơiForeign direct investment in supporting industries is expected to spike in the coming months as more and more foreign companies establish production facilities in Vietnam and seek to develop supply chains here, experts said.

Night-time economy waits for its bright days
BUSINESSicon  01/12/2020 

For HCMC, the delicious cake slice of evening economy in store for years will come to light as the Government is going to give it the greenlight soon. 

SOE managers receive VND151 million a month, just half of market level
BUSINESSicon  01/12/2020 

The monthly pay to chairs of state-owned economic groups is up to VND86.4 million a month, but the salary of managers of joint stock companies where the state holds a controlling stake is up to VND151.2 million a month.

Digital transformation accelerates online sales target of US$35 billion
BUSINESSicon  01/12/2020 

Đổi trò chơiVietnam is set to see 55% of the local population regularly participate in online shopping activities by 2025, with the value of goods purchased through the internet and online services reaching an annual average of US$600 per person.

More reforms needed in construction procedures
BUSINESSicon  01/12/2020 

Đổi trò chơiMore drastic reforms of construction-related administrative procedures must be carried to improve transparency and reduce costs for enterprises,

Hotel owners sell out to stave off bankruptcy
BUSINESSicon  01/12/2020 

Đổi trò chơiFusion Suites Saigon on Suong Nguyet Anh Street in District 1, HCMC, is being listed for sale at VND1,165 billion (US$50 million).

Many real estate firms owe tax as projects die
BUSINESSicon  01/12/2020 

Đổi trò chơiA high number of businesses in the real estate sector are developers of 'clinically dead' projects, or projects that have disputes with clients.

Private airlines seek financial incentives to overcome tourism slump during pandemic
BUSINESSicon  01/12/2020 

Private air carriers, including Vietjet Air and Bamboo Airways, have asked for preferential loans to overcome the serious crisis caused by Covid-19.

Vietnam amends intellectual law following big trade pacts
BUSINESSicon  30/11/2020 

The signing of big trade pacts has prompted the comprehensive amendment of the law that enacted in 2005.

Pandemic drags down FDI attraction
BUSINESSicon  30/11/2020 

Đổi trò chơiVietnam had attracted a total of $26.43 billion in FDI this year as of November 20, equal to 83.1 percent of the figure in the same period last year, according to a recent report from the Ministry of Planning and Investment.

Leave your comment on an article

Đổi trò chơiOR QUICK LOGIN