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Home  >>   Daily News  >>Vietnam>>Economy>> Forestry exports to reach $9.5b
NEW UPDATES Asean Affairs   15  December  2015  

Forestry exports to reach $9.5b

The domestic forestry sector expects to reach a total export value of wood and forestry products at US$9.5 billion in 2020, according to the Ministry of Agriculture and Rural Development.

The ministry said it also expected a growth rate of production value at 7 per cent per year between 2016 and 2020,

To gain the targets, during this period, the industry would strongly change its development structure to increase efficiency and competitive ability, Deputy Minister of Agriculture and Rural Development Ha Cong Tuan said at a conference on reviewing protection and development of forests from 2011 to 2015, in Ha Noi on Wednesday.

The sector would develop production step-by-step to meet the demand for wood, firewood, forestry products and material for wood processing industry, in addition to production of wooden boards and paper in markets at home and abroad, he said.

Tuan said that from 2011 to 2015, the sector showed strong growth in export value of wooden and forestry products from $4.2 billion in 2011 to $6.54 billion in 2014. The sector expected to reach between $6.8 billion and $7 billion for this year.

The sector also expanded its export market to 100 countries and territories, including the US, the EU, and Japan, apart from South Korea and China.

However, efficiency of forestry production in Viet Nam was still lower than other countries in the region and the world due to the small production scale and a lack of synergy in the production chain, he said.

According to the ministry, the support industry and infrastructure for the wooden and forestry processing industry, such as warehouse and ports, have not been developed. The sector has not paid attention to the domestic market of wooden and forestry products.

Tuan said the local wood processing industry had developed recently, but the industry itself lacked synergy, with processing factories, consumption market and material regions not working closely enough. In addition, reform and development of production organisation had been slow.

The Viet Nam Wood and Forestry Product Association said the US was the largest exporter of Vietnamese wooden and forestry products, followed by Japan, China and the EU.

Viet Nam is the sixth biggest wood exporter in the world, the second largest in the Asia and the largest in the ASEAN community.

Wooden products are the most preferred as indoor and outdoor furniture, accounting for 75 per cent of Viet Nam's wooden products for export.



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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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