Vietnam
is estimated to have raked in US$1.352 billion
from exporting woodwork products during the past
three quarters of 2006, posting an on-year rise
of 23.8 per cent, showed latest report of the
General Statistics Office.
The country・s total timber import turnover, however,
was also high, at some US$560 million in the Jan-Sep
period of this year, up 16 per cent on year, accounting
for nearly one third of total export revenue and
revealing Vietnam・s heavy dependence on foreign
materials.
The Vietnam Timber and Forest Product Association
(VIFORES) has forecast that with the growing of
woodwork exports in the remaining months of this
year, the country・s total export turnover from
woodworks may surpass US$2 billion, an increase
of nearly $500 million over last year.
The association, however, said Vietnam・s earnings
from the US market in 2006 will remain the same
as last year, noting that local enterprises should
boost up promotion and marketing activities to
attract more importers from this potential market.
Regarding the Japanese market, the second biggest
importer of Vietnamese woodworks, the association
suggested enterprises better preserve and develop
product designs that suit the taste of Japanese
consumers so as to increase export revenues in
the remaining months of the year.
Meanwhile, VIFORES also said that more and more
US enterprises, including well-known ones such
as Bluestone Log and Timber Inc., B&B Lumber
Co., and J&J Log & Lumber Corp, are realizing
the Vietnam's potential as a market for material
wood as well as an exporter of furniture.
Source: VoV, GSO Sep Edition
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