Arab Today, arab today vietnam forecast to earn 62bn from wood exports in 2014
Last Updated : GMT 01:01:40
Arab Today, arab today
Arab Today, arab today

Vietnam forecast to earn $6.2bn from wood exports in 2014

Arab Today, arab today

Arab Today, arab today Vietnam forecast to earn $6.2bn from wood exports in 2014

Hanoi - XINHUA

Vietnam is forecast to earn some 6.2 billion U.S. dollars from exporting wood and related products in 2014, up 9 percent year-on-year, said Vietnam Timber and Forest Product Association (Viforest) on Friday. Nguyen Ton Quyen, general secretary of Viforest said in an interview with Vietnamese government e-portal on Friday that the outlook of the sector in 2014 is promising for the set target as Vietnamese wood exporting companies have signed contracts worth over 3 billion U.S. dollars since the beginning of the year, said Quyen. 2013 was seen as a successful year of Vietnam's wood export amid global declining trend of agriculture sector, Quyen said, adding that the country's wood export revenue hit a record high of 5.37 billion U.S. dollars in 2013. The total revenue could be nearly 6 billion U.S. dollars if included rattan and bamboo art furniture exports, said Quyen. Major markets for Vietnam's wood and its products export in 2013 included the United States, the European Union (EU), and Japan among others. However, China was the market Vietnamese wood saw the most dramatic growth in 2013 with an increase of 35.23 percent year-on- year, bringing Vietnam's wood export revenue in the market to hit roughly 1 billion U.S. dollars during the period, said Quyen. Although the prospects for the country's wood export in 2014 remain bright, Vietnam's wood processing sector is facing several difficulties such as low profit ratio and added value. This was due to high domestic input costs including petroleum, electricity, water, and labor and high cost of purchasing raw materials, Quyen said. Concerning opportunities of Vietnamese wood and its products to the EU market when EU Forest Law Enforcement, Governance and Trade (FLEGT) Action Plan on source and origin of legal timber takes effect, Quyen said Vietnam's wood sector will be beneficiary of the new regulation. Thanks to FLEGT, Vietnam's wood products will be sold at higher prices in a more stable market and have straight approach to EU's customers, Quyen said. In 2013, Vietnam topped EU's wood export markets with a total revenue of 800 million U.S. dollars.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today vietnam forecast to earn 62bn from wood exports in 2014 Arab Today, arab today vietnam forecast to earn 62bn from wood exports in 2014

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today vietnam forecast to earn 62bn from wood exports in 2014 Arab Today, arab today vietnam forecast to earn 62bn from wood exports in 2014

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Trump: End of Daesh is in sight

GMT 20:29 2017 Monday ,23 October

Trump: End of Daesh is in sight
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday