Wood industry makes most of each advantage to fulfil set targets

  • Production at the Nam My Wood Co. Ltd in the southern province of Binh Duong. VNA Photo: Vũ Sinh
    Production at the Nam My Wood Co. Ltd in the southern province of Binh Duong. VNA Photo: Vũ Sinh
  • Production at the Nam My Wood Co. Ltd in the southern province of Binh Duong. VNA Photo: Vũ Sinh
    Production at the Nam My Wood Co. Ltd in the southern province of Binh Duong. VNA Photo: Vũ Sinh
  • Production at the Nam My Wood Co. Ltd in the southern province of Binh Duong. VNA Photo: Vũ Sinh
    Production at the Nam My Wood Co. Ltd in the southern province of Binh Duong. VNA Photo: Vũ Sinh
  • Production at the Nam My Wood Co. Ltd in the southern province of Binh Duong. VNA Photo: Vũ Sinh
    Production at the Nam My Wood Co. Ltd in the southern province of Binh Duong. VNA Photo: Vũ Sinh
  • Production at the Nam My Wood Co. Ltd in the southern province of Binh Duong. VNA Photo: Vũ Sinh
    Production at the Nam My Wood Co. Ltd in the southern province of Binh Duong. VNA Photo: Vũ Sinh
Global political and economic fluctuations in 2022 have affected import and export activities, especially those of enterprises operating in the wood manufacturing and processing industry, making them calculate each step in the year-end period to achieve the set targets. The increasing global inflation, especially in the third quarter of 2022, had negative impact on the wood industry’s orders in the last months of the year, putting wood processing and exporting enterprises in a critical situation. However, with efforts of businesses, the sector gradually approached the target set from the beginning of 2022. Statistics of the General Department of Vietnam Customs show that the country’s export turnover of wood and wood products is estimated at 15.8 billion USD in 2022, of which 10.92 billion USD came from timber products, up 6.7% year-on-year. VNA Photo: Vũ Sinh

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