Pham Thai
Workers are seen at a wood processing facility in the file photo – Photo: Thai Hang Vo Quang Ha, director of Dong Nai Province-based Tan Vinh Cuu Joint Stock Company, said the volume of wood imported from EU countries has risen by 15-20% since the year’s beginning.
HCMC-based Thien Thanh Phat Timber Company said that the firm’s wood import from the EU has doubled year-on-year due to the increasing demand of wood processing and exporting enterprises. Most wood processors have gained orders sufficient for production in the next 6-12 months, making the demand for wood materials higher than last year, he added.
Wood processing and exporting enterprises said that EU countries had strict regulations on legal origins of wood.
Most wood materials from the EU are planted and exploited under Forest Stewardship Council (FSC) standards. Therefore, wood materials of clear origins imported from the EU will ensure the legality of Vietnam’s wood products when exported to choosy markets.
According to the General Department of Customs, Vietnam’s expenditure of wood imports from EU countries in the year’s first five months increased strongly year-on-year. The wood import from Germany alone rose by 82% to US$7.66 million.
Similarly, the import from Finland, Denmark and France in the five-month period went up by 22%, 66% and 80% respectively.
In addition, the prices of wood imported from the U.S., EU and Africa have increased by an average of some 20% compared to 4-5 months ago due to a recovery in the U.S. construction market and the low supply of wood in Africa, said Huynh Van Hanh, vice chairman of the Handicraft and Wood Industry Association of HCMC (Hawa). This may leave an impact on profit targets of local wood processing and exporting enterprises.
Đăng ký: VietNam News
