Vietnam: US$14 billion wood product export target for 2021

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At a recent press conference the Head of the Vietnam Administration of Forestry, Nguyen Quoc Tri , said wood and wood products exports topped US$13.22 billion last year the highest in the history of the timber sector.

For 2021 the forestry sector export target is US$14 billion and revenue from forest environmental services is estimated at VND2.8 trillion. In 2021 there are plans, said Nguyen Quoc Tri, to plant 230,000 hectares of forests, comprising protection, special-use, and production forests.

In related news, the Deputy Minister of Agriculture and Rural Development, Ha Cong Tuan, has said over the next five years wood and wood product exports should reach US$20 billion.

In that five year period, he said, the sector will work to sustain the forest cover at 42%, expand and diversify markets, develop long-term trade partnerships and promptly address international trade issues.

Vietnam now ranks fifth globally, second in Asia and first in Southeast Asia in terms of wood and wood product exports shipping to over 120 countries and territories worldwide. Vietnam has more than 5,500 companies operating in timber processing.

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