| Vietnam’s timber export hard to fulfill $4b target | |
Facing the current hardships, Vietnam’s export for timber products will be very hard to achieve $4 billion target in 2011, Nguyen Ton Quyen, vice chairman of Vietnam Timber and Forest Product Association (Vietfores) said. The biggest difficulty for the country’s timber firms is too high input costs (increasing by 20%) while the export price of wooden products increased insignificantly at markets of the US, EU and Japan. Till the end of May 2011, Vietnam’s export turnover for wood and wooden products reached $1.5 billion, up about 20% year on year. | |
| Vietbiz24 |
