Producing wooden products for export to EU market of WOODSLAND Tuyen Quang Joint Stock Company. — VNA/VNS Photo Vu Sinh Despite a tough year due to the COVID-19 pandemic, the national wood sector looks set to achieve its export turnover target of US$12 billion, and some wood processing businesses have so many orders while they are in short of workers to complete them, according to the Viet Nam Timber and Forest Product Association (Vietforest). The wood industry has consistently maintained two-digit growth rates in recent years, but the pandemic caused negative growth in the second quarter of 2020. Exports of wood products to key markets such as the US, China, South Korea, Japan and the EU sharply fell from April to June and many factories had to temporarily close due to a lack of orders, materials and capital. However, once the pandemic was basically controlled in July, countries started to restore production. Wood businesses resumed production with demand for wood furniture up significantly. The efforts of local producers have reaped positive results as the export value of timber and non-timber products in August topped $1 billion. In the first 10 months of the year, wood product exports reached $9.6 billion,… Read full this story
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