Vietnam’s wood industry has recorded positive signs with significant increases in the export of key products despite ongoing global economic uncertainties, according to the Q3 meeting on wood processing and export held in the southern province of Binh Duong on August 9.

The Vietnam Administration of Forestry (VNForest) launched an action plan on April 3 for communications to implement the Voluntary Partnership Agreement on Forest Law Enforcement, Governance, and Trade (VPA/FLEGT) between Vietnam and the European Union (EU).

Vietnam’s signing of the Forest Law Enforcement, Governance and Trade Voluntary Partnership Agreement (FLEGT-VPA) with the European Union (EU) will help the country boost wood product exports to not only the EU but also many other markets, according to an official.

With large shipments in the first eight months, Vietnam’s forestry sector expects to fulfill this year’s export target of 9 billion USD a month ahead of schedule.

The export turnover of Vietnamese wood and wooden products is estimated at 6.15 billion USD since the beginning of this year, up 10.1 percent year on year.