09:01 | 01/03/2019 Trade
Vietnam is current the top exporter of wood and furniture in Southeast Asia, the second biggest in Asia and the fifth in the world, according to the General Department of Vietnam Customs.
|Illustrative image - Source: VNA|
According to the department, the contribution of non-wood furniture to the sector’s exports is on the rise through years.
In 2016, exports of the non-wood products rose 15.1 percent year on year to 714.91 million USD. The growth in 2017 was 30.2 percent to 30.62 million USD.
In 2018, the sector recorded export revenue of over 1 billion USD, up 14.4 percent compared to that in 2017.
Deputy Minister of Industry and Trade Tran Quoc Khanh said that Vietnam targets 20 billion USD in exports of wood and furniture in 2025 and gaining about 10 percent of the global market share.