The export of timber and wood products has exceeded the US$9 billion mark for the first time during the first 11 months of the year, according statistics released by the General Department of Vietnam Customs.
November alone saw the export of timber and wood products reach over US$958 million.
Moreover, the export of timber wood and wood products enjoyed a surge of 18.1 per cent during the review period to more than US$9.526 billion against the same period last year.
Most notably, wood exports hit approximately US$7 billion, up 22.2 per cent on year.
After recording these impressive figures, the export of timber and wood products has surpassed US$9 billion for the first time and beaten the record figure of US$ 8.907 billion which was recorded in 2018.
With export value reaching over US$900 million per month, the export of wood and wood products are expected to surpass the US$10 billion mark by the end of 2019 for the very first time.
Accountability will be key for all importers and all wood products.
The new regulation on certificate of origin (C/O) makes it more for Vietnam to obtain $11 billion in woodwork exports this year as planned.