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Vietnam’s timber and forestry exports reach US$11.7 billion

by NDO30 November 2020 Last updated at 18:43 PM

VTV.vn - Vietnam exported US$11.7 billion worth of timber and forestry products in the first eleven months of 2020, according to the Administration of Forestry.

The figure is an increase of US$1.6 billion compared with the same period in 2019 and the forestry sector is on course to achieve the target of US$13 billion for the whole year.

Vietnam aims to bring in US$14.5 billion from exporting timber and forestry products in 2021 and US$20 billion in 2025.

During the 2013-2019 period, the forestry sector paid VND1.6 trillion (nearly US$69.4 million) annually to the people through the forest environmental services programme.

The sector is currently employing more than 20 million workers.

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