Monday, 16 February 2009

Vietnam expects to earn $3.2 bln from wood exports this year

HANOI, Feb. 16 (Xinhua) -- Vietnam plans to earn revenue of 3.2 billion U.S. dollars from wood products exports this year, up from 2.8 billion U.S. dollars over 2008 despite difficulties fueled by the global economic crisis, the local newspaper New Hanoi reported Monday.

To slash difficulties for the country's wood exporters, Vietnam's Ministry of Industry and Trade urged local wood processing and exporters to ensure a stable supply of raw materials instead of the imported ones to reduce production costs.

At present, Vietnam's major wood sources are in Malaysia, Laos, Cambodia and Indonesia, whose governments are narrowing wood materials exports.

Simultaneously, the domestic wood industry needs to raise competitiveness by stepping up investment in technologies and equipment, said the ministry.

Vietnam's biggest importers for wood products are the United States, European countries and Japan.

Editor: Zhang Xiang

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