Export of timber and wood products exceeds US$9 billion

The export of timber and wood products has exceeded the US$9 billion mark for the first time during the first 11 months of the year, according statistics released by the General Department of Vietnam Customs.
export of timber and wood products exceeds us 9 billion

November alone saw the export of timber and wood products reach over US$958 million.

Moreover, the export of timber wood and wood products enjoyed a surge of 18.1 per cent during the review period to more than US$9.526 billion against the same period last year.

Most notably, wood exports hit approximately US$7 billion, up 22.2 per cent on year.

After recording these impressive figures, the export of timber and wood products has surpassed US$9 billion for the first time and beaten the record figure of US$ 8.907 billion which was recorded in 2018.

With export value reaching over US$900 million per month, the export of wood and wood products are expected to surpass the US$10 billion mark by the end of 2019 for the very first time.

Source: VOV

Related News

Digital technology promotes green transformation at businesses

Digital technology promotes green transformation at businesses

VCN - Under pressure from the market, green and digital transformation are placing considerable pressure on businesses. This is also a hot topic discussed and analyzed at the International Forum on Creative Business - IIBF 2024, which just opened on the morning of June 12 in Ho Chi Minh City.
Hai Phong Customs processes nearly 250,000 declarations in May

Hai Phong Customs processes nearly 250,000 declarations in May

VCN -In May, the number of declarations processed at Hai Phong Customs Department increased compared to the previous month and the same period last year.

Latest News

Việt Nam

Việt Nam's cinnamon exports hits over $96.3 million in five months

Farmers have been continuously working on new techniques to improve the quality and productivity of cinnamon trees.
Việt Nam facilitates the establishment of free trade zones

Việt Nam facilitates the establishment of free trade zones

Earlier, the State has proposed allowing Đà Nẵng City to pilot the establishment of a Đà Nẵng Free Trade Zone connected to the Liên Chiều Seaport. The goal is to implement experimental policies and mechanisms to attract investment to the area.
Vietnam’s fishery export likely to reach 4.4 billion USD in H1

Vietnam’s fishery export likely to reach 4.4 billion USD in H1

Vietnam’s export of fishery products is expected to reach 4.4 billion USD during January-June, a year-on-year increase of 6%, despite such formidable challenges as extreme weather conditions and competitive pressure regarding export prices, high input costs and shortage of materials, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Shifts in investment flows for export-oriented industries

Shifts in investment flows for export-oriented industries

The country's textile, garment and footwear industries have long relied on imported raw materials, causing a current trend of foreign enterprises shifting industries to other countries, said insiders.

More News

Intensive processing enhances spice export value: insiders

Intensive processing enhances spice export value: insiders

A world leading spice exporter with a revenue of some 1.5 billion USD every year, Vietnam should bolster intensive processing and trade promotion to increase added values, experts have said.
Supporting industries needs a push to grow: Insiders

Supporting industries needs a push to grow: Insiders

As the development of supporting industries of Vietnam has yet to match their potential, the sector needs a push to clinch a position in the domestic market and rise to the world, according to insiders.
Greening creates competitive and sustainable advantages for enterprises

Greening creates competitive and sustainable advantages for enterprises

VCN - The gradual greening of production, green factories, green technology, clean materials, green energy, etc., has become an inevitable trend and creates competitive and sustainable advantages for enterprises in the face of difficulties and challenges.
Number of newly-established firms in five months highest on record

Number of newly-established firms in five months highest on record

As many as 64,758 enterprises entered the market in the first five months of this year, marking the highest number ever recorded, and a 4.5% increase from the same time last year, according to the Ministry of Planning and Investment (MPI)’s Business Registration Management Agency. ​
Vietnam’s fishery export likely to reach 4.4 billion USD in H1

Vietnam’s fishery export likely to reach 4.4 billion USD in H1

Vietnam’s export of fishery products is expected to reach 4.4 billion USD during January-June, a year-on-year increase of 6%, despite such formidable challenges as extreme weather conditions and competitive pressure regarding export prices, high input costs and shortage of materials, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The outlook for maturing real estate corporate bonds might be more positive in 2024 compared to 2023

The outlook for maturing real estate corporate bonds might be more positive in 2024 compared to 2023

VCN - Customs News interviewed financial expert Nguyen Tri Hieu (Photo).
Small but quality FDI projects invested in southeastern localities

Small but quality FDI projects invested in southeastern localities

New foreign direct investment (FDI) projects in southeastern localities in the first five months of 2024 are not large but friendly to the environment and apply high technologies.
Recovering demand for aquatic products comes with challenges: conference

Recovering demand for aquatic products comes with challenges: conference

The demand for aquatic products is expected to pick up from the third quarter of 2024, with many associated challenges requiring advertisements and the diversification of business products and markets, insiders have said at a conference held by the Vietnam Association of Seafood Exporters and Producers (VASEP) in Ho Chi Minh City on June 10.
Priority is given to exporting seasonal agricultural products

Priority is given to exporting seasonal agricultural products

VCN - Many important export agricultural product groups of Vietnam will encounter certain obstacles in the consumer market when the massive harvest begins. The problem is that priority needs to be given to avoid the situation of "good harvest and loss of value" for seasonal agricultural products.
Read More

Your care

Latest Most read
Việt Nam

Việt Nam's cinnamon exports hits over $96.3 million in five months

Farmers have been continuously working on new techniques to improve the quality and productivity of cinnamon trees.
Việt Nam facilitates the establishment of free trade zones

Việt Nam facilitates the establishment of free trade zones

Earlier, the State has proposed allowing Đà Nẵng City to pilot the establishment of a Đà Nẵng Free Trade Zone connected to the Liên Chiều Seaport. The goal is to implement experimental policies and mechanisms to attract investment to the area.
Digital technology promotes green transformation at businesses

Digital technology promotes green transformation at businesses

VCN - Speaking at the opening of the forum, Mr. Huynh Thanh Dat, Minister of Science and Technology, affirmed that technological qualifications and capabilities are key factors for businesses to create products and services with competitive or outstanding
Vietnam’s fishery export likely to reach 4.4 billion USD in H1

Vietnam’s fishery export likely to reach 4.4 billion USD in H1

Vietnam’s export of fishery products is expected to reach 4.4 billion USD during January-June, a year-on-year increase of 6%, despite such formidable challenges as extreme weather conditions and competitive pressure regarding export prices, high input costs and shortage of materials, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Shifts in investment flows for export-oriented industries

Shifts in investment flows for export-oriented industries

The country's textile, garment and footwear industries have long relied on imported raw materials, causing a current trend of foreign enterprises shifting industries to other countries, said insiders.
Mobile Version