The Vietnam Timber and Forest Production Association (Vietforest) has predicted that Vietnam will produce a turnover of US$4.1-4.2 billion from the export of wooden products by 2011.
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The Deputy chairman of Vietforest, Nguyen Ton Quyen, said that this year, Vietnam’s export markets have recovered remarkably with export turnover likely surpassing US$3 billion. Vietnam’s wood exports to the US obtained a growth rate of 15 percent and 8 percent in the EU.
According to Vietforest, by 2011, the demand for Vietnam’s wooden products will be huge and Vietnam is likely to reach US$4.1-4.2 billion, up 39 percent compared to 2010.
Quyen added that in the coming years, the wood sector should continue to achieve a growth rate of 35 percent per year in order to reach a turnover of US$7 billion as the set target.
(Source: VOVnews)
