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.
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.
Restructuring wood processing sector: an urgent mission
Vietnamese wood processing companies need to rethink their production models and upgrade technology lines to increase their competitive capacity in face of the upcoming challenges.
Rising labor costs erode Vietnam’s appeal to foreign investors
As its labor cost is equal and even higher than other countries, Vietnam will have to replace the cheap labor advantage for the skilled workforce advantage in the coming time to raise the competitiveness.
Viet Nam aims to become furniture hub
Vietnamese wood and furniture firms need to improve their designs, distribution and brands to enable Việt Nam to become a global furniture hub, a conference heard in HCM City yesterday.