Wood industry at crossroads to engineer survival strategy
The ongoing coronavirus outbreaks are now threatening to bring the timber industry to its knees, with businesses and associations hoping for preferential vaccine treatment and financial support for test kits and other pandemic-related expenses.
COVID-19 production suspension hampering timber exports
Suspension of production at local wood processing enterprises due to the COVID-19 pandemic is having effects on exports, according to the Vietnam Timber and Forest Product Association (VIFOREST).
Vietnam’s wood products export surges 55 percent in seven months
Vietnam exported 9.58 billion USD worth of wood and wood products in the first seven months of this year, a year-on-year increase of 55 percent, according to the General Department of Customs.
Firms, associations seek Govt’s help to overcome difficulties triggered by Covid-19
Enterprises and associations, at a teleconference with the prime minister on August 8, made multiple proposals to remove their difficulties so as to resume production during the pandemic, stressing the need to accelerate the Covid-19 vaccination for laborers.
Forest environmental services to bring about 2.8 trillion VND in 2021
The Vietnam Administration of Forestry (VNFOREST) aims to collect 2.8 trillion VND (121.7 million USD) from forest environmental services this year.
Thinking of a new wooden deck for spring? It may bust your budget
The cost of lumber is going through the roof, and that is hitting the housing industry on all fronts. For homebuilders, renovation contractors and DIYers, the cost of projects is now far higher than it was just a year ago and about to cross into historic territory.
Vietnam tightens control over Chinese goods bearing made-in-Vietnam labels
Management authorities are stepping up preventive measures to stop trade fraud and tax evasion related to Chinese commodities that illegally carry made-in-Vietnam labels due to escalating U.S.-China trade tensions.
Strategic market identification sought for stronger wood trade
Vietnam’s wood industry is leaving behind a successful 2020, ready to embrace the new advantages that some of last year’s signed and effective trade agreements bring with them.
Wood industry targets export revenue of US$14 billion in 2021
The forestry sector has set a target of achieving an export revenue of US$14 billion in 2021 despite encountering trade remedy cases and tax evasion lawsuits.
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.