Forestry exports estimated to exceed US$5.8 billion in 8 months
The export value of forestry products is projected to hit US$5.858 billion between January and August this year, increasing 13% on year and accounting for 23% of Vietnam’s total agro-forestry-fishery export.
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According to estimation of the Vietnam Administration of Forestry (VNFOREST) under the Ministry of Agriculture and Rural Development, during the eight-month period, the trade surplus of forestry products will amount to US$4.392 billion, of which US$4.096 billion are contributed by the shipment of timber and wood products.
VNFOREST forecast forestry export to rise in the remaining months of the year, particularly to traditional markets like the US, China, the Republic of Korea, Japan, and the EU.
Production forests are among major sources of materials for the export. The entire nation has to date planted 130,858 hectares of production forests. Most of the provinces in the northern mountainous region have completed their afforestation plan for 2018, some like Thai Nguyen and Bac Giang even surpassed their targets.
About 12.3 million cubic metres of wood were exploited from planted forests in the first eight month of 2018, meeting 66.5% of the yearly plan and up 4.8% against the same period last year.
