Vietnam’s timber export hard to fulfil $4b target

Facing the current hardships, Vietnam’s export for timber products will be very hard to achieve $4 billion target in 2011, Tuoi Tre (Youth) newspaper quoted Nguyen Ton Quyen, vice chair of Vietnam Timber and Forest Product Association (Vietfores) as saying.

The biggest difficulty for the country’s timber firms is too high input costs (increasing by 20 percent) while the export price of wooden products increased insignificantly at markets of the US, EU and Japan.

Till the end of May 2011, Vietnam’s export turnover for wood and wooden products reached $1.5 billion, up about 20 percent year’on’year. – Vietbiz24

Tags: Vietnam Timber exports

Posted by VBN on Jun 4 2011. Filed under Import-Export. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry