Hanoi, Oct 19 (Prensa Latina) Exports of timber and its derivatives to Vietnam reported earnings estimated at $12.4 billion in the first nine months of the year, a sector official reported today.
That sum represents a seven percent growth over the same period in 2021, said Ho Chi Minh City Association of Crafts and Wood Industry President Nguyen Quoc Khanh.
This company and the Vinexad company are co-sponsors of the 14th International Exhibition of Industrial Machinery and Equipment for the Woodworking Industry (VietnamWood 2022) and the International Exhibition of Furniture, Hardware and Tools for this Sector (Furniec 2022), which will be held in the southern metropolis until 21.
According to Quoc Khanh himself, quoted by the VNA news agency, VietnamWood has become a representative technological event for the wood industry at the national level, giving participants an opportunity to learn about new production methods to increase the quality of their products.
In addition to the main exhibition activities, the program of VietnamWood 2022 includes seminars on knowledge sharing in the field of technological change, automation trends in the industry and practical applications in interior design, among others.
With the remarkable growth in the home textile sector in recent years, Vietnam has become the second largest exporter of wooden furniture in the world, which is further supported by the professionalism of domestic companies in the sector.
Sustainable sources of wood continue to be used in this Southeast Asian nation with the aim of making it a secure production base for various markets including the United States, United Kingdom, Canada and Japan.
Vietnam’s exports of timber and timber products could reach $18.5 billion in 2025 and up to $20.4 billion in 2030, according to a government project on sustainable development of the timber industry.
ode/mpm