Despite the decrease during Q3, the export turnover of Vietnam timber and wood products in the first 9 months reached US$11.14 billion, up by 30.9% year over year. The industry’s experts estimate the turnover will be approximate US$1 billion each month for Q4, 2021.
The Agreement secures commitments that will help keep illegally harvested or traded timber out of the supply chain and protect the environment and natural resources.