Hanoi, Feb. 20 -- Vietnam expects to gain a total export value of 12.5 billion USD from timber, wooden products and forest products this year, up 10 percent year on year, according to the Vietnam Timber and Forest Product Association (VIFORES).

Of which, 8.68 billion USD would come from timber exports and 2.99 billion USD from wooden product exports, while other forest products would gain an export value of 830 million USD.

In terms of market, the US this year is forecasted to be the largest export market for local timber, wooden and forest products with an expected export value of 6.1 billion USD, up 15 percent year on year.

Following is Japan with an export value of 1.52 billion USD, up 10 percent; the EU with 1.13 billion USD, up 10...