Forestry export makes impressive growth rate in early 2019

VGP – Overseas shipment of forestry product exports in January was estimated at US$ 903 million, a year-on-year growth of 11%, said the Viet Nam Administration of Forestry.

January 31, 2019 3:05 PM GMT+7

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Export revenue of wood and wooden products touched US$ 852 million, a rise of 10 percent year on year, while that of non-wood products is US$ 51 million, up 20% over the same time of 2018.

In January, the forestry sector’s trade surplus is estimated to hit US$ 661 million, up 9% year on year.

The major markets of the sector are the US, Japan, the EU, China and the Republic of Korea, which consume about 87 percent of the total forestry products of Viet Nam.

Provinces have started their forest planting scheme with a total new area of 2,360 hectares.

The Viet Nam Administration of Forestry reported that the period from January to March is the high season for forest planting in the northern and north-central regions. It asked agencies and localities to strengthen communications and give guidelines to organizations, enterprises and individuals to plant, take care of and protect forests in each season, thus completing the development plan for 2019./.

By Kim Anh