May 21, 2024 | 00:27 GMT +7
May 21, 2024 | 00:27 GMT +7
Hotline: 0913.378.918
According to the Association of Vietnam Timber and Forest Products, in 2020, there were 653 FDI enterprises in the wood industry participating in exporting, accounting for 18% of the total number of exporting enterprises. The export turnover of FDI enterprises reached over US$ 6 billion, equivalent to 51% of the total export turnover of the industry.
Meanwhile, domestic enterprises accounted for 82% of the wood exporting enterprises, but the export turnover only accounted for 49% of the total export turnover.
In terms of turnover growth in wood exports, FDI enterprises had a growth rate of over 20% compared to 2019, while it was only a half among domestic enterprises.
In 2020, the wood industry received 63 FDI projects with a total registered capital of US$ 372.7 million. In the same year, the number of projects to raise capital was 52 times (capital increased by US$ 193.6 million) and the number of capital contribution to shares purchase reached 122 times (US$ 244.8 million). In general, FDI investment in the industry decreased compared to 2019, mainly due to Covid-19.
FDI projects in the wood industry in the last year were small-scale, about US$ 6 million/project. China was on top the list in terms of the number of projects (23) however these projects were in very small scale, equivalent to one third of the average capital of an FDI project.
Translated by Meagan Phan
(VAN) On May 19, the Department of Fisheries under the Tien Giang Department of MARD handed over a green sea turtle to the Dau Tieng Wildlife Conservation Station.
(VAN) Minister of Agriculture and Rural Development Le Minh Hoan dialouged with Indonesia's Minister of Agriculture Andi Amran Sulaiman on May 19.
(VAN) Deputy Minister of Agriculture and Rural Development Tran Thanh Nam met and worked with the California Department of Food and Agriculture (CDFA) in the United States in the middle of May.
(VAN) On May 11-12, 2024, the annual Taste of Australia (ToA) event organized by the Australian Consulate General took place at Le Van Tam Park in HCMC.
(VAN) This is the first time that Ho Chi Minh City has hosted the International Ginseng and Aromatic, Medicinal Herbs Festival, with the participation of many businesses, international delegations, and many provinces and cities.
(VAN) In 3 districts in Hai Phong, local authorities have reported the appearance of wild monkeys. They rummaged belongings and damaged trees and crops.
(VAN) Vu Quang National Park can be accurately described as a treasure trove of novel species in Vietnam, given the wide range of unique and uncommon species found there.