The wood industry still goes ‘one leg’
Experts liken that Vietnam’s furniture manufacturing and exporting industry is walking with “one leg” when it has advantages in production but is weak in trade promotion and sales. It’s time to promote trade promotion activities in this industry if you don’t want to miss the golden opportunities from the shift of international orders after the Covid-19 epidemic.
Official anti-dumping duties imposed on Chinese tables, chairs
The Ministry of Industry and Trade has decided to impose official anti-dumping duties on certain table and chair products from China.
Vietnamese furniture products introduced at UK exhibition
The Vietnamese booths, featuring interior and exterior wooden and home décor products, handicrafts, hotel furniture, and lighting equipment, attracted many UK wholesalers and retailers, as well as visitors.
Việt Nam strives to be global processing center of export timber
Aiming to be one of the world’s leading processing centers of export timber, Việt Nam is striving to establish legal timber, where raw materials are legally sourced and traded throughout the entire value chain.
Việt Nam sets new record in agro-forestry-fishery exports this year
The agriculture sector in 2022 posted a new record in the agro-forestry-fishery export value, hitting more than US$53.2 billion, a year-on-year increase of 9.3 per cent, according to the Ministry of Agriculture and Rural Development (MARD).
Businesses suspend production, tens of thousands of workers lose their jobs before Tết
According to the VGCL statistics, the number of affected enterprises is 441 including 331 foreign-invested enterprises, accounting for more than 75 per cent with a total of 624,786 employees in 25 provinces and cities, mainly in the southern region with 68 per cent of total enterprises, more than 88 per cent of total employees affected.
Unwelcome break: wood workers get a month off for Lunar New Year
With fewer orders, many wood businesses have decided to give their employees a month-long Tet (Lunar New Year) holiday, twice as long as in previous years.
Rising inflation poses challenge to businesses
Vietnamese businesses are expected to face headwinds from inflation, tightening monetary policy and a growing cost-of-living crisis in many of the country’s export markets, experts have warned.
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.