Wood exports to hit USS$12.5 billion in 2020
A wood processing line for export in Lâm Đồng Province. In the first 11 months of 2020, the wood sector’s export turnover reached more than $11 billion, representing a 15.6 per cent year-on-year increase.
Control of legality of imported timber tightened
The development and activation of a geographic origin and timber species risk category plays an important role in controlling the legality of imported timber, attendees heard at a seminar in Hà Nội last Friday.
Businesses looking to domestic market amid pandemic
Enterprises in certain sectors have mapped out plans to increase their presence in the domestic market as most foreign ones have become frozen due to the COVID 19 pandemic.
Vietnam signs Free Trade Agreement with EU, one year after VPA
Vietnam’s National Assembly ratified a free trade agreement with the European Union on Monday 8 June 2020. This will have a significant impact on the development of the timber export industry and provides Vietnam with an incentive to implement its timber legality assurance system.
Timber businesses seek "aisle" between Covid-19
Not wanting to be "overwhelmed" by the difficulties caused by the Covid-19 epidemic, reorganizing production scale and capacity, restructuring goods or promoting online sales. It is an initiative and practical action implemented by many timber enterprises.
China is largest plywood investor in Vietnam
China has invested in 29 plywood projects worth over US$150 million in Vietnam, becoming the country’s largest plywood investor, according to Ngo Sy Hoai, vice chairman of the Vietnam Timber and Forest Products Association.
Diversifying wood export market to reduce risk
Vietnam’s wood export revenue is forecast to rise 20% in 2020. However, the industry cannot avoid the impacts of the recent epidemic, necessitating efforts to diversify its export markets.
Wood industry facing losses due to COVID-19
The wood industry was facing a ‘disaster’ with many businesses left without orders from now until 2021 due to the COVID-19 pandemic, said the Vietnam Timber and Forest Product Association (VTFPA).
Deals signed to promote wood processing sector’s digital transformation
The Handicraft and Wood Industry Association of HCM City (HAWA), the Binh Duong Furniture Association (BIFA) and the Handicraft and Wood Industry Association of Dong Nai (DOWA) on March 5 signed co-operation agreements with FPT Corporation on promoting digital transformation to help wood processing enterprises optimise operations, save costs and improve competitiveness.
Enterprises take opportunities from Corona epidemic
In addition to losses and concerns about the decline in exports of agricultural, forestry and fishery products due to the impact of the acute respiratory infection caused by the new corona virus, forestry and fishery enterprises can take opportunities to boost exports and increase competition for some commodities in a difficult situation.