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Vietnam plans to increase revenue from timber exports

Vietnam plans to increase revenue from timber exports

Hanoi, Jan 16 (Prensa Latina) Vietnam expects to reach estimated record revenue of 18 billion dollars in 2023 from exports of wood products.

That should represent an increase between seven and nine percent compared to last year, when foreign sales in the sector exceeded 16.9 billion dollars, according to the Forestry Administration.

The president of the Association of Wood and Silvicultural Products, Do Xuan Lap said that to achieve the goal, this spherre will continue to focus on improving the competitiveness of companies through the application of various solutions.

Among these actions, the manager mentioned promoting the use of forest wood planted in the country, reducing wood imports and applying scientific and technological advances to increase labor productivity.

In addition,he stated,it is necessary to stimulate digital transformation in favor of reducing production costs and achieving low emissions, coordinating with localities in the construction of concentrated processing industrial parks, promoting trade promotion activities and organizing large international fairs.

According to statistics from the Ministry, last year Vietnam’s forest exports exceeded 16.9 billion dollars, 6.1 percent more than in 2021, while imports of the item increased by comparatively 4.1 percent up to 2.82 billion dollars.


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