Vietnamese wood is consumed strongly in the US and China markets

The US market increased by 30.6%, China increased by 14.4%, Japan increased by 17.2% over the same period.

According to a report from the Ministry of Agriculture and Rural Affairs of Vietnam, the export turnover of wood and wood products in September was estimated at 413 million USD, bringing the export turnover of the first 9 months of the year to nearly 3.4 billion USD, up 20.2% over the same period last year.

Most of the major consumption markets had strong growth, of which the US increased by 30.6%, China by 14.4% and Japan by 17.2% over the same period in 2011.

According to the forecast of the Ministry of Agriculture and Rural Development, in the last months of the year wood exports may increase due to the increased demand of the world market.

Previously, the seminar "Solutions for the wood processing industry during the economic downturn" on September 18 in Ho Chi Minh City made a forecast for the growth rate of Vietnam's wood and wood products exports in 2012 only. 11% compared to 13% in 2011.

Mr. Nguyen Chien Thang, Chairman of Ho Chi Minh City Fine Arts and Woodworking Association, said that not only furniture enterprises in Vietnam but also businesses in countries such as Italy and Germany are also facing difficulties. However, Vietnamese enterprises can see this as an opportunity to boost exports by investing in upgrading equipment lines or buying back from closed businesses at a reasonable cost to increase production.

The report of the Ministry of Agriculture and Rural Development also said that in the first 9 months of the year, imports of wood and wood products exceeded 1 billion USD (reaching 1,094 billion USD, up 9.9% over the same period last year). ). In September alone, import turnover reached 145 million USD.

According to Gafin