Vietnam:Binh Dinh’s wood exports surge 21 percent despite pandemic
Source: Vietnam News Agency (VNA) Time:2020-09-16 18:05:12
The central province of Binh Dinh posted a 21 percent year-on-year increase in wood exports to 373 million USD during January-August despite disruption caused by the COVID-19 pandemic.
According to chairman of the province’s forest product export association Le Minh Thien, the export value accounted for 72.6 percent of the yearly plan.
As the province’s wood processing sector is striving for a 7 percent growth in export this year, local firms have sharpened their focus on taking advantage of the new-generation trade pacts, including the EU-Vietnam Free Trade Agreement (EVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Thien said.
Currently, wood processing businesses are re-arranging their production plan as they have received large orders.
The provincial Department of Industry and Trade have supported wood companies to restructure their production chains, as well as promote sustainable forest protection, ensuring that Binh Dinh maintains its position as the largest wood processing hub in the central region.
Binh Dinh is currently home to some 200 wood and forestry product processing businesses, which generate jobs for around 20,000 workers. Local wood products have been present in over 80 countries and territories worldwide.
This year, the province target 500 million USD in wood exports.