Binh Duong tops wood export nationwide
(VOVWORLD) - Wood and wooden product exports in the southern province of Binh Duong fetched 5.6 billion USD in 2020, accounting for 47 percent of the nation’s total wood export value, according to the Binh Duong Furniture Association (BIFA).
 Processing wood for export (Photo: VNA) |
The US, Japan, Hong Kong (China), and Taiwan (China) remained the largest importers of the locality’s wood and wooden products.
Benefiting from the EU-Vietnam Free Trade Agreement, which took effect from August 1 last year, Binh Duong’s wood industry has expanded exports to EU member nations.
Many multinational companies have started shifting their production bases from other countries to Vietnam, while Vietnamese businesses have also begun their restructuring and participated in global supply chains.
The strong development of the wood industry in the year was attributed to these, BIFA said.