Bamboo industry develops sustainably in Vietnam

The Ministry of Agriculture and Rural Development identified bamboo as one of the key export products, helping reduce poverty and developing the rural economy sustainably in the 2011-2015 period.

At a seminar on the development of the bamboo industry on November 22, Deputy Minister of Agriculture and Rural Development, Ho Xuan Hung said if the bamboo industry grows by 10-15 percent, Vietnam will require about 100,000 tonnes of rattan and 1 million of bamboo trees every year. Currently, Vietnam imports around 33,000 tonnes of rattan.

Therefore, to develop the industry sustainably, the ministry will protect around 1.6 million hectares of rattan and plant an additional 165,000 ha by 2020.

The ministry proposed many measures to develop rattan materials and support cultivation and protection of both bamboo and rattan.

In Vietnam, bamboo and rattan are important forestry products with high value. Exports of these products increased from US$48 million in 1999 to US$224.7 million in 2008 and are expected to reach US$300 million 2010. The products are now available in 120 countries and territories.

Around 270 villages with 340,000 workers are involved in the industry. – VOV

Tags:

Posted by VBN on Nov 23 2010. Filed under Handicraft. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

You must be logged in to post a comment Login

Stay informed everyday

Subscribe to free RSS and email updates from Vietnam Business News

Subscribe via Email Subscribe in a Reader Follow us on Twitter Connect on Facebook

RSS Gold price

  • Goldcorp stock to go ex-dividend tomorrow
  • Gold and diamond jewellery sales fell by 25-30%
  • Shares in gold mining companies remain undervalued
  • Gold touched a new all-time high level in India today
  • Gold falls today on reduced European debt concern
  • Harmony Gold not ready to sell its assets in Papua New Guinea
  • Nevsun Resources posted a quarterly profit as gold production rose sequentially
  • Brigus Gold Corp posted a third-quarter profit, cut production outlook

RSS Silver prices

  • Silver prices moved up by Rs 161 to Rs 57,855 per kg in futures trading today
  • Silver ETF bullion holdings down from april record peak
  • Gold futures gain 0.4 percent; silver climbs in New York
  • The Silver Institute forecasts silver investment will achieve yet another historically high total this year
  • Silver prices slipped in India today
  • Silver for delivery in December fell by Rs 960 on Monday
  • Cobar secures A$22m for silver project
  • Silver for delivery in December fell Rs 960 to Rs 56,413 per kg

Sponsored

  • Looking for an overseas forex broker?
  • Trading Point now offering Forex Malaysia and FX Japan with Forex, CFD's and Futures.