Room remains for wood product export growth

Figures released at a conference on the wood-processing industry held in Hanoi on October 4 revealed Vietnam’s wood products have been exported to 120 countries and territories. 

Wood exports to big markets like the United States, Japan and the Republic of Korea have maintained relatively high growth, with the US importing the most at over US$2 billion. 

According to Nguyen Ton Quyen, deputy chairman of the Vietnam Timber and Forest Product Association (Viforest), with a growth rate of 15-20 percent each year, the sector’s future remains bright as Vietnam signs more trade agreements. 

To Xuan Phuc, from Forest Trends, said the US and Japan are members of the Trans-Pacific Partnership, providing opportunities for Vietnam to export wood products to markets when the agreement comes into force.