Wood exports likely to reach $7.6 billion, surpassing yearly targetIt is estimated that Vietnam’s wood exports will reach 7.6 billion USD by the end of 2017, surpassing the yearly target of 7.5 billion USD set by the Ministry of Industry and Trade. Wood exports likely to reach 7.6 billion USD, surpassing yearly target (Illustrative image. In November alone, wood exports rose nearly 3 percent against October to hit 695.3 million USD, raising 11-month shipment value of wood and timber products to 6.9 billion USD, an annual rise of 11 percent. Wood exports to other markets such as the Republic of Korea (RoK), the UK, Australia and Canada exceeded 100 million USD in turnover. Japan will do the same in March 2018, which will impact Vietnam’s wood exports because the RoK and Japan are two of the biggest wood importers of Vietnam.

Source: VietNamNet News December 27, 2017 04:07 UTC