Vietnam’s wood and timber product exports reached USD12.15 billion in nearly nine months of 2024, up 17.2 per cent year on year, Vietnam News cited the Department of Forestry under the Ministry of Agriculture and Rural Development as reporting on Friday.

Wooden products accounted for the largest share at USD7.84 billion, marking a 20.7 per cent increase.

Raw timber also recorded substantial growth, valued at USD3.53 billion, up 13.1 per cent, while non-timber forest products contributed USD777 million, reflecting a 3.9 per cent increase.

The United States (US), China and the European Union have remained as primary export markets of Vietnamese wood and timber products, said the report.

Vietnam’s forestry sector is forecasted to experience challenges in the remaining months of the year due to the prolonged impacts of Typhoon Yagi’s aftermath.

The sector aims to export USD15.2 billion of wood and timber products this year.

Source: borneobulletin.com.bn