Tiếng Việt
Vietnam’s wood exports to U.S. at risk due to trade tensions
Vietnam’s wood and wooden product exports to the United States may be subject to higher import duties due to a surge in export revenues and China’s foreign direct investment in the local industry, experts said at a recent seminar in Hanoi.
China’s Businessmen Share Woes Of Finding Vietnamese Workers
Business owners operating in Vietnam have started sharing the difficulties of finding Vietnamese workers who understand and speak Chinese. Increased labor pay is also another stumbling block that they have yet to overcome.
Vietnam’s exports to CPTPP countries surge
Viet Nam’s exports to member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) were expected to increase strongly through now to 2030, reaching 25 per cent of the country’s total exports, according to the Ministry of Industry and Trade (MoIT).
Only 5% of Vietnam’s wood exports designed locally
Although Vietnam has reported high growth in wood and wooden product exports in recent years, only 5% of the exported products were designed locally, stated Nguyen Quoc Khanh, chairman of HCMC Handicraft and Wood Industry Association.
Surge in woodwork exports Stateside raises concerns
Although Vietnam’s wood and wooden product exports to the United States in the first quarter of the year increased by over 34% year-on-year, insiders have expressed concern over tighter control measures potentially being applied to Vietnamese imports, triggered by the recent influx of Chinese wood processors into the country.
Making Vietnam a Leading Centre of Wood Production and Export
"In the next 10 years, wood processing and export must become a key industry in Vietnam's production and export, and Vietnam will become a prestigious leading centre for woodwork production and export of the world," said Prime Minister Nguyen Xuan Phuc at the conference “Orientations and solutions for fast and sustainable development of wood processing and export". This is the first National Conference on wood processing and export held in Ho Chi Minh City.
Timber industry asked to beat $11 billion in export
The agriculture sector needed strategies to push wood export value beyond US$11 billion this year and to develop a production chain and value-added export products.
Vietnam faces high risk of Chinese products bearing made-in-Vietnam labels
Vietnam may face United States tariffs on its products if Chinese goods shipments are allowed to enter the country to disguise their origin due to the ongoing U.S.-China trade conflict, economic experts warned at a seminar today, October 24.
Vietnam expected to become second largest furniture exporter
Wood industry players in Vietnam are expected to make leaps and bounds to help make Vietnam become the world’s second largest interior furniture exporter, after China, within the next 7-8 years, given that the European Union-Vietnam Free Trade Agreement (EVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), are to come into effect next year, offering them ample opportunities.
Wooden furniture manufacturers thrive thanks to CPTPP
Though the CPTPP has yet to take effect, the number of orders from CPTPP countries, including Canada, Japan, New Zealand, Australia and Peru, has increased significantly.
