Vietnam Import Export News

Advertisements

Random Post

• Deposit Interest Rate Rises to 10.2 Per Cent
• Master design plan for Ho Chi Minh City East-West Highway
• Japan to Import Vietnamese Dragon Fruit
• Survey shows many local firms stressed over cash flow
• Vietnam reserves slump by 35 percent
• Fitch Vietnam outlook shift is hasty

Vietnam Import Export News

Vietnam Business » Vietnam Import Export News » Wood products exports increase in seven months

Wood products exports increase in seven months

Exports of wooden products surged by a third in the first seven months of this year to 1.8 billion USD, the General Statistics Office reported. The US was the largest importer, followed by the EU and Japan . Last year, when exports to other markets dropped significantly due to the impact of the global economic downturn, exports to the US increased by 3.4 percent.

The trend have continued this year, with exports to the US topping 619.6 million USD in the first half, again up by a third from the same period last year, according to the Ministry of Industry and Trade. Exports to this market are forecast to rise by 18-22 percent this year, by 5-8 percent to the EU, and by 8-12 percent to Japan . Many countries had now returned to growth but the recovery is not stable, especially in the EU. As a result, consumers there were not spending yet and exports to the bloc are unlikely to expand strongly this year, analysts said. Other challenges the sector could face are high lending interest rates, rising costs of raw materials and legal hurdles in the US and the EU to timber exploitation. Vietnamese wooden products are now sold in 120 countries and territories. There are more than 2,000 wood processing firms, employing 250,000 workers in the country, located mainly in HCM City and Binh Duong, Dong Nai, and Binh Dinh provinces.

Vietnam Business And Financial News Network. Source [english.vietnamnet.vn]

More Vietnam Import Export News:

• Seafood export values to increase
• More intra-ASEAN tariff cuts create opportunities for Vietnams exporters
• Vietnamese clothing exports by 17.4 percent
• High interest rates hinder export loans
• Vietnam cautiously exports steel pipe to the US
• Exports to free-trade areas rise by 54% over last year
• Vietnams exports to Japan surge
• China yuan policy change may boost Vietnam exports
• Vietnam halts import of cars with changed VINs
• Vietnam rice exports to peak in third quarter

Popular Vietnam Business News

Vietcombank H1 Pretax Profit of VND2,450B Meets 75 per cent of Year's Target

The Joint Stock Bank for Foreign Trade of Vietnam (VCB) made pretax profit of VND2,450 billion in the first half this year, fulfilling 75 per cent of its yearly target,

Bank For Agricultural Of Ho Chi Minh City

These are some of the leading stories in the official Vietnamese press on Tuesday. Reuters has not verified these stories. -- Partly private Dong A Bank said it made a

PetroVietnam Asked to Rebuild Financial Plan for Dung Quat Refinery

The US$3.1-billion refinery has to date produced gasoline A92, kerosene, diesel oil, and liquefied petroleum gas (LPG) for the market. The plant had sold a total of 5,630 tons of

Sheraton set for Nha Trang market entry

The Sheraton Nha Trang, located in the central coastal city of Khanh Hoa Province, will host its soft opening on March 19 to welcome both business and leisure travellers. The

Dana - Italy Steel JSC applies for listing shares on northern bourse

Hanoi Stock Exchange (HNX) announced to receive application profile for listing 15 million shares of Dana - Italy Steel Joint Stock Co on March 19, 2010. The company with chartered

Low-income Apartment Segment Attracts Investors

While the apartment block segment has not yet seen recovery; low-cost houses are attracting speculators attention, which has helped to form a sudden price hike in realty in the west

Vietnam garment exports set to rise as industry holds line on prices

Viet Nams garment industry has a worldwide reputation for making competitively priced and high quality garments, a survey conducted by the US-based non-profit group Kearny Alliance has found.

Vienam eeal estate developers race to build skyscrapers

Thirty-seven, sixty-eight, seventy, even 102 storeys - in Hanoi and Ho Chi Minh City, bigger and bigger buildings are reshaping the skyline. Most skyscraper projects have been developed by heavyweights

Advertisement