Wood industry sets $10 billion export value targetBesides the certain achievements of wood industry last years, and new opportunities coming from Law on Forestry and free trade agreements, there are various difficulties and challenges this industry has to overcome to reach the target set forth. Wood and wood products are a key export segment in VietnamIn 2017, the export value of lumber and forestry products was $8 billion, while the domestic sales was $1.47 billion. Wood and wood products became the sixth-ranking export item of Vietnam, capturing 6 per cent of the global market share. Vietnam ranks fifth over the world in terms of wood and wood products exports, as well as second in Asia, and the first in the ASEAN. It set the total product value target of $11.49 billion in 2019, with the export value of wood and wood products at $10 billion.