Despite the strong impact from the US-China trade war, the Vietnamese wood industry is still trying to achieve an export turnover of 9 billion USD in 2018. The wood processing and forest product export industry of Vietnam has set a target of 9. billion USD.
Opportunity to surpass the export target of 11 billion USD: Promote the intrinsic value of the business
According to statistics of orders that businesses have signed by the end of the first quarter of 2019, the total value has reached about 70% of the target of 11 billion USD. The wood industry will have the whole second quarter to look for more contracts.
According to the General Department of Forestry (MARD), the export value of main forest products in the first 11 months of 2018 was estimated at US$ 8.49 billion, up 16.6% over the same period in 2017; accounting for 23.42% of the total export value of the whole industry.