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MARKET Beats 5

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Improving Export Situation but up 13.6 percent year-on-year.

The export of wood and wood products is estimated to
For Vietnam’s Wood Industry reach $7.4 billion in the first six months of this year, a year-

on-year growth of 22.2 percent.
Vietnam expected to expand wood products exports to Of which, the export value of wood products is estimated
UK to reach $5.03 billion, up 21.4 percent year-on-year.
According to vietnamnews.vn, the Agency of Foreign Trade According to the Ministry of Industry and Trade, the UK's
estimates that Vietnam's export value of wood and wood main imported wooden furniture items are living room and dining

products reached US$1.25 billion in June this year, down 1.1 room furniture, wooden frame chairs and bedroom furniture.
percent month-on-month, but up 13.6 percent year-on-year. These are products which Việt Nam holds strong brand value
Vietnamese businesses have many opportunities in the in and Vietnamese businesses also have many opportunities
UK market with exported wood and wood products thanks in the UK market thanks to tariff incentives under the UKVFTA
to strong key product lines and preferential tariffs under the and CPTPP agreements.
UKVFTA, CPTPP agreements. The Agency of Foreign Trade cited statistics from the
The Agency of Foreign Trade estimates that Vietnam's International Trade Centre (ITC), showing UK imports of

export value of wood and wood products reached US$1.25 wooden furniture reached $367 million in March this year, a
billion in June this year, down 1.1 percent month-on-month, year-on-year growth of 6.9 percent.