Vietnam’s wood product export to France, Europe has good prospect
The export of Vietnam’s wood industry to France and Europe at large have ample room for growth (Illustrative photo: haiquanonline.com.vn)
The export of Vietnam’s wood industry to France and Europe at large have ample room for growth, according to the Agency of Foreign Trade at the Ministry of Industry and Trade.
Vietnam is currently the sixth largest provider of wooden furniture in France, but only makes up 4.5 percent of the European nation’s total import values.
The Agency of Foreign Trade cited data from the International Trade Centre showing that France’s imports of wooden furniture surged by nearly 60 percent against the same period last year to 2.4 billion USD in the first six months of 2021.
Experts forecast that Vietnam’s timber and wood product exports to Europe will surge in the latter half of 2021. By that time, COVID-19 is expected to be brought under control and European countries are projected to loosen restriction measures and facilitate trade flows.
The recovery of the European economy will be a driving force for Vietnam's export of timber and wooden products to the market.
In addition, the European Union - Vietnam Free Trade Agreement (EVFTA) is hoped to benefit the sector thanks to the removal of non-tariff barriers and facilitation of the import of advanced equipment, thus improving productivity and competitive edge of Vietnam’s wood industry in the European market./.
Related News
Wood exports started well
13:26 | 20/04/2024 Import-Export
Import and export in the first quarter: clearer and clearer bounce- back trend
15:54 | 10/04/2024 Import-Export
Destroying a "huge" drug trafficking network from Europe to Vietnam by air
10:10 | 02/04/2024 Anti-Smuggling
Opening the door to attracting high-quality FDI from Europe and America
14:00 | 16/03/2024 Import-Export
Latest News
Enterprises want clearer regulations on seafood production
14:05 | 26/04/2024 Import-Export
Vietnam ranks fifth among aquatic product suppliers for Singapore
13:53 | 26/04/2024 Import-Export
Forum seeks to increase PPP investment effectiveness
13:48 | 25/04/2024 Import-Export
Linking businesses with cooperatives to increase the value chain
09:42 | 25/04/2024 Import-Export
More News
Vietnam has a trade deficit of over US$17 billion with China
15:34 | 24/04/2024 Import-Export
Tra fish export to UAE jumps 67% in Q1
13:46 | 24/04/2024 Import-Export
Pepper prices continue increase trend
13:44 | 24/04/2024 Import-Export
More efforts needed to maintain export growth to China: Insiders
13:55 | 23/04/2024 Import-Export
It is expected that there are higher orders and revenue in the second quarter from European businesses
09:31 | 23/04/2024 Import-Export
Vietnamese rice prices on the hike
15:08 | 22/04/2024 Import-Export
FDI flow into garment and textile sector bounces back
15:06 | 22/04/2024 Import-Export
Investors play a key role in developing the industrial park system
10:38 | 22/04/2024 Headlines
Find ways to a corporation for businesses in industrial parks
10:38 | 22/04/2024 Import-Export
Your care
Enterprises want clearer regulations on seafood production
14:05 | 26/04/2024 Import-Export
Vietnam ranks fifth among aquatic product suppliers for Singapore
13:53 | 26/04/2024 Import-Export
Forum seeks to increase PPP investment effectiveness
13:48 | 25/04/2024 Import-Export
Linking businesses with cooperatives to increase the value chain
09:42 | 25/04/2024 Import-Export
Vietnam has a trade deficit of over US$17 billion with China
15:34 | 24/04/2024 Import-Export