Timber export tops half a billion dollar
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Vietnam's wood and wooden products reached $200 million in export turnover in February, bringing total export in Jan-February to $548 million, said the Ministry of Agriculture and Rural Development.
This is a 17.6 percent year on year increase, the ministry said.
Vietnam’s biggest timber importers were the US, Japan, China and South Korea, all of which accounted for 63.7 percent of the total turnover.
Export to the South Korean market saw the greatest growth, almost tripling last year’s figure.
The US, however, was still the biggest importer with a total turnover of $118 million. EU trailed behind with $90 million. Japan and China came next with $49 million and $32 million respectively.
The Vietnam Timber and Forest Product Association (Viforest) targets a 30 percent or $4 billion in total export this year.
