Wood exports to the US see difficulties, H1 earnings dropping
Export orders of Vietnamese wood enterprises to the US market tended to decrease due to the country's initiation of investigations and weak demand amid increased inflation.
Wood firms struggle due to canceled export orders
High inflation and market volatility have led to the cancelation of large numbers of wood orders, placing wood processing enterprises in Vietnam in a tough position.
Vietnam's wood exports decrease as inflation increases
Vietnam's exports of timber and wood products have decreased due to the impact of high inflation in the export market, according to the Ministry of Industry and Trade.
Vietnam's wood industry: Lower growth rate than expected
The export growth of the wood industry is slowing down due to high inflation in many countries which prompts consumers to tighten spending, while logistics costs and prices of input materials are continuously increasing. Besides, the US is also increasing trade remedies.
Russia-Ukraine conflict adversely impacts Vietnamese wood industry
Making up 10% of the global supply of wood materials, the ongoing Russia-Ukraine conflict along with the sanctions on embargoes imposed on Russia by the United States and the EU will have a strong impact on the global wood processing and export industry, including Vietnam.
Russia-Ukraine war impacts wood industry
Vietnam's wood processing and export enterprises are currently facing new difficulties and challenges because of the ongoing Russia-Ukraine conflict.
Vietnam sets ambitious $20 billion wood export target for 2025
Vietnam sees wood and wood works as a spearhead industry, earning export revenues of $18-20 billion by 2025.
Timber industry urged to go digital amid long-term impacts of COVID-19
Forestry products are one of the few products seeing export growth despite COVID-19 threatening economic development in countries around the world.
Fearing anti-dumping lawsuits, VN wooden furniture firms diversify markets
The US has decided to conduct an investigation on whether Vietnam is dumping plywood products in the US. The decision could lead to a sharp fall in plywood exports to the market.
Vietnam factories rethink 'sleepover' approach to stopping COVID
The warehouse manager at Truong Thanh Furniture near Ho Chi Minh City did her best to avoid the virus. For weeks, she worked and slept at the factory alongside 200 colleagues, with few people allowed in or out.