Wood exports hit US$1.4 bil in Q1

Vov/Hanoitimes

Mar 31, 2014 / 10:44 PM

Wood product exports are expected to hit US$490 million in March, bringing the total for the first three months of the year to US$1.4 billion, up 20.1% against the comparable period last year

The Ministry of Agriculture and Rural Development (MARD) also reports that wood exports to the US and China increased 19.85% and 57.88%, respectively for the first quarter of 2014 compared to the first quarter of last year, accounting for 52.89% of the country’s total export value.

The Vietnam Timber and Forest Products Association (VIFORES) said that the wood processing sector aims to achieve a target of US$6-6.2 billion in export turnover this year due to its bright prospects.

Last year, export turnover of wood processed items increased over 19%, gaining US$5.5 billion.

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