Vietnamese export revenue of forestry products hit over US$5.3 billion in the first six months of 2020, up 2.7% over the same period last year, reported the Vietnam Administration of Forestry. Source: Timberbiz
The administration predicted that in the whole year, total exports of the products will reach between US$11.75 to US$12 billion.
In the first half of this year, Vietnam imported US$1.12 billion worth of wood and wood products, down 8.8% year on year. The agency estimated the yearly figure at around US$2.55 billion, the same as in 2019.
In the first six months, 106,300 hectares of forest were planted, fulfilling 48.3% of the yearly target of 220,000 hectares.
Between January and June, Vietnam spent more than US$1.1 billion to import wood and wood-based products, posting a decline of 8.5% on-year, according to the administration.
