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Vietnam’s woodworking industry
Update news Vietnam’s woodworking industry
Legitimate wood enterprises struggle amid tax refund delays
Many wood businesses in Vietnam face significant delays in tax refunds as they struggle to verify invoices and meet tax regulations, with hundreds of billions of VND in refunds still pending.
One million hectares of large-timber forest for export
Vietnam currently has a total forest area of approximately 14.74 million hectares, with planted forests making up 31 percent and natural forests constituting the remaining 69 percent.
Wooden furniture manufacturers seek opportunities in the UAE
The UAE, which has to import woodwork and wooden furniture products, has need for living room products, which could be worth $1.08 billion. This could be a great opportunity for Vietnam exporters.
In rough seas
Vietnam’s woodworking industry has performed poorly in the year to date. Its anxiety among local exporters and manufacturers has increased further as the market outlook remains as uncertain as ever.
