Forestry exports estimated to exceed 5.8 billion USD in 8 months

Hanoi (VNA) – The export value of forestry products is projected to hit 5.85 billion USD between January and August this year, increasing 13 percent on year and accounting for 23 percent of Vietnam’s total agro-forestry-fishery export.

According to estimations of the Vietnam Administration of Forestry (VNFOREST) under the Ministry of Agriculture and Rural Development, during the eight-month period, the trade surplus of forestry products will amount to 4.39 billion USD, of which 4.09 billion USD are contributed by the shipment of timber and wood products.

VNFOREST forecast forestry export to rise in the remaining months of the year, particularly to traditional markets like the US, China, the Republic of Korea, Japan, and the EU.

Production forests are among major sources of materials for the export. The entire nation has to date planted 130,858 hectares of production forests. Most of the provinces in the northern mountainous region have completed their afforestation plan for 2018, some like Thai Nguyen and Bac Giang even surpassed their targets.

About 12.3 million cubic metres of wood were exploited from planted forests in the first eight month of 2018, meeting 66.5 percent of the yearly plan and up 4.8 percent against the same period last year.-VNA