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.
Vietnam wooden furniture manufacturers worried, despite more orders.
Vietnamese wooden furniture manufacturers face a shortage of workers, modern technology and money to upgrade technology.
What is Acacia?
So The Acacia tree, also known as mimosa, thorntree, and wattle, is a hardwood tree family native to Australia. Over millennia, Acacia spread to now be found throughout the Old World including Africa, Asia, and the Pacific Rim. European settlers brought the tree to the Americas, where a new species began to emerge. There are now 1,350 species of Acacia worldwide!.
VN must improve quality of labour force for EVFTA
The EU-Vietnam Free Trade Agreement (EVFTA) offers many opportunities to Vietnamese workers and just as many challenges. The country’s labour force must find ways to improve its quality in order to produce products that adhere to stricter standards in European markets, said policymakers and labour experts at a conference in Hà Nội on Tuesday.