(philstar.com)
January 13, 2012
HANOI (Xinhua) - Vietnam became the largest exporter of timber and wood products in ASEAN countries last year, earning $3.9 billion U.S. dollars in exports, local Vietnam News quoted the ASEAN Furniture Industries Council (AFIC) as saying on Thursday.
According to southern Ho Chi Minh City Association of Handicraft and Wood Industry, wood products accounted for more than 80 percent of Vietnam's total wood and timber exports, an increase of 500 million U.S. dollars in export value over the previous year.
ASEAN would become a single market by 2015, with a larger capital flow, information and labor forces. The timber trade volume would improve significantly if a timber production zone with stable and competitive price was established in the region to help ASEAN exporters enhance their competitiveness, productivity and efficiency before the birth of the ASEAN Economic Community.
AFIC is made up of Thailand, Malaysia, Singapore, Vietnam, Myanmar, Indonesia and the Philippines, which focuses on promoting the interests of ASEAN furniture industries.
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