Prime Minister Nguyen Xuan Phuc will chair a meeting on wood processing industry and forestry exports in HCM City on Wednesday, the Ministry of Agriculture and Rural Development’s Viet Nam Administration of Forestry has announced.

The forthcoming event will attract the participation of more than 500 enterprises operating in wood and representatives from foreign and domestic agencies. They will discuss measures for the fast and sustainable development of timber industry in the time to come.

Statistics from the administration revealed that the country earned US$5 billion from forestry exports in the first seven months of this year, up 14 per cent year-on-year. The exports fulfilled nearly 56 per cent of the yearly target and made up 22.6 per cent of the total turnover of the agriculture sector.

The US, China, Japan and South Korea were the largest forestry importers of Vietnamese timber goods. Other markets with strong growth included Malaysia, France and Australia. — VNS