Despite the COVID-19 spread, Vietnam earned 13.17 billion USD from wood exports in 2020, up 16.4 percent year-on-year. (Photo: VNA) Hanoi (VNA) – Vietnam should develop a generation of young entrepreneurs in the timber industry , and consider it a sector for startups, said President of the Handicraft and Wood Industry Association (HAWA) of HCM City Nguyen Quoc Khanh. At a recent conference between businesspeople and Prime Minister Nguyen Xuan Phuc , Khanh said Vietnam now ranks second worldwide in wood export, even outstripping Italy and Germany. "We have completed the five-year target set by the Prime Minister in 2018 two years in advance," he said. Despite the COVID-19 spread, Vietnam earned 13.17 billion USD from wood exports in 2020, up 16.4 percent year-on-year, surpassing the yearly target by 5.4 percent, Khanh said, adding that the sector ran a trade surplus of 10 billion USD last year. He stressed that it is the only industry in Vietnam that has posted double-digit growth over the past 18 years. According to Khanh, about 1 million labourers are working in the sector, and the number is predicted to stand at around 2-3 million by 2045. Emphasising the important role by the industry to… Read full this story
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