Ample room to fuel exports with wood pellets

A pellet producing factory in Gio Mai commune, Gio Linh district, the central province of Quang Tri. VNA Photo
A pellet producing factory in Gio Mai commune, Gio Linh district, the central province of Quang Tri. VNA Photo
A pellet producing factory in Gio Mai commune, Gio Linh district, the central province of Quang Tri. VNA Photo
The Tinh Tam pellet producing factory in Phu Luong district, the northern province of Thai Nguyen exports some 700 tonnes of pellet to the RoK per month. VNA Photo
The Tinh Tam pellet producing factory in Phu Luong district, the northern province of Thai Nguyen exports some 700 tonnes of pellet to the RoK per month. VNA Photo

VNA Photos

Ample room to fuel exports with wood pellets

09/08/2023 10:06 | TTXVN |

Vietnam boasts great potential to bolster exports of wood pellets as global demand for the fuel pellets is increasing, according to insiders. Vietnam, the second largest wood pellet producer in the world, after the US, recently inked a deal to provide wood pellets for Japan over three years, according to the wood pellet branch under the Association of Vietnam Timber and Forest Product (VIFOREST). In the first six month of this year, Japan – one of three biggest importers of Vietnamese wood pellets splashed out 195 million USD on purchasing 1.16 million pellets from Vietnam, up 28.88% in value and 5.65% in volume as compared to the same time last year. Shipments to the Republic of Korea (RoK) have also showed signs of growth recently, with the estimated volume of some 100,000 tonnes a month. According to the General Department of Vietnam Customs, Vietnam shipped 4.9 million wood pellets abroad, and gained 0.79 billion USD in revenue in 2022. The pellets are likely to become one of Vietnam’s key export agro-forestry products with an estimated export turnover of 1 billion USD in 2023. VNA Photo

Ample room to fuel exports with wood pellets

Vietnam boasts great potential to bolster exports of wood pellets as global demand for the fuel pellets is increasing, according to insiders. Vietnam, the second largest wood pellet producer in the world, after the US, recently inked a deal to provide wood pellets for Japan over three years, according to the wood pellet branch under the Association of Vietnam Timber and Forest Product (VIFOREST). In the first six month of this year, Japan – one of three biggest importers of Vietnamese wood pellets splashed out 195 million USD on purchasing 1.16 million pellets from Vietnam, up 28.88% in value and 5.65% in volume as compared to the same time last year. Shipments to the Republic of Korea (RoK) have also showed signs of growth recently, with the estimated volume of some 100,000 tonnes a month. According to the General Department of Vietnam Customs, Vietnam shipped 4.9 million wood pellets abroad, and gained 0.79 billion USD in revenue in 2022. The pellets are likely to become one of Vietnam’s key export agro-forestry products with an estimated export turnover of 1 billion USD in 2023. VNA Photo
Ample room to fuel exports with wood pellets

Vietnam boasts great potential to bolster exports of wood pellets as global demand for the fuel pellets is increasing, according to insiders. Vietnam, the second largest wood pellet producer in the world, after the US, recently inked a deal to provide wood pellets for Japan over three years, according to the wood pellet branch under the Association of Vietnam Timber and Forest Product (VIFOREST). In the first six month of this year, Japan – one of three biggest importers of Vietnamese wood pellets splashed out 195 million USD on purchasing 1.16 million pellets from Vietnam, up 28.88% in value and 5.65% in volume as compared to the same time last year. Shipments to the Republic of Korea (RoK) have also showed signs of growth recently, with the estimated volume of some 100,000 tonnes a month. According to the General Department of Vietnam Customs, Vietnam shipped 4.9 million wood pellets abroad, and gained 0.79 billion USD in revenue in 2022. The pellets are likely to become one of Vietnam’s key export agro-forestry products with an estimated export turnover of 1 billion USD in 2023. VNA Photo
Ample room to fuel exports with wood pellets

Vietnam boasts great potential to bolster exports of wood pellets as global demand for the fuel pellets is increasing, according to insiders. Vietnam, the second largest wood pellet producer in the world, after the US, recently inked a deal to provide wood pellets for Japan over three years, according to the wood pellet branch under the Association of Vietnam Timber and Forest Product (VIFOREST). In the first six month of this year, Japan – one of three biggest importers of Vietnamese wood pellets splashed out 195 million USD on purchasing 1.16 million pellets from Vietnam, up 28.88% in value and 5.65% in volume as compared to the same time last year. Shipments to the Republic of Korea (RoK) have also showed signs of growth recently, with the estimated volume of some 100,000 tonnes a month. According to the General Department of Vietnam Customs, Vietnam shipped 4.9 million wood pellets abroad, and gained 0.79 billion USD in revenue in 2022. The pellets are likely to become one of Vietnam’s key export agro-forestry products with an estimated export turnover of 1 billion USD in 2023. VNA Photo
Ample room to fuel exports with wood pellets

Vietnam boasts great potential to bolster exports of wood pellets as global demand for the fuel pellets is increasing, according to insiders. Vietnam, the second largest wood pellet producer in the world, after the US, recently inked a deal to provide wood pellets for Japan over three years, according to the wood pellet branch under the Association of Vietnam Timber and Forest Product (VIFOREST). In the first six month of this year, Japan – one of three biggest importers of Vietnamese wood pellets splashed out 195 million USD on purchasing 1.16 million pellets from Vietnam, up 28.88% in value and 5.65% in volume as compared to the same time last year. Shipments to the Republic of Korea (RoK) have also showed signs of growth recently, with the estimated volume of some 100,000 tonnes a month. According to the General Department of Vietnam Customs, Vietnam shipped 4.9 million wood pellets abroad, and gained 0.79 billion USD in revenue in 2022. The pellets are likely to become one of Vietnam’s key export agro-forestry products with an estimated export turnover of 1 billion USD in 2023. VNA Photo
Ample room to fuel exports with wood pellets

Vietnam boasts great potential to bolster exports of wood pellets as global demand for the fuel pellets is increasing, according to insiders. Vietnam, the second largest wood pellet producer in the world, after the US, recently inked a deal to provide wood pellets for Japan over three years, according to the wood pellet branch under the Association of Vietnam Timber and Forest Product (VIFOREST). In the first six month of this year, Japan – one of three biggest importers of Vietnamese wood pellets splashed out 195 million USD on purchasing 1.16 million pellets from Vietnam, up 28.88% in value and 5.65% in volume as compared to the same time last year. Shipments to the Republic of Korea (RoK) have also showed signs of growth recently, with the estimated volume of some 100,000 tonnes a month. According to the General Department of Vietnam Customs, Vietnam shipped 4.9 million wood pellets abroad, and gained 0.79 billion USD in revenue in 2022. The pellets are likely to become one of Vietnam’s key export agro-forestry products with an estimated export turnover of 1 billion USD in 2023. VNA Photo

Ample room to fuel exports with wood pellets

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