Vietnam's wood exports to hit US$12.5bil in 2020

A wood processing line for export in Lâm Đồng Province. In the first 11 months of 2020, the wood sector’s export turnover reached more than $11 billion, representing a 15.6 per cent year-on-year increase. — VMA/VNS

HANOI (Vietnam News/ANN): Vietnam's wood export turnover this year is expected to reach a record high of nearly US$12.5 billion despite impacts of the Covid-19 pandemic as well as risks from export markets and the country’s policy changes in controlling the legality of imported wood materials.

Chairman of the Vietnam Timber and Forest Product Association (VIFOREST), Đỗ Xuân Lập, made the statement at a conference held online both in Ha Noi and HCM City on Monday (Dec 21).