Update news Vifores

Wood industry orders plummet, though turnover has reached $10 billion

Vietnam’s exports of wood and wooden products brought turnover of $10 billion in the first seven months of the year. However, the industry has unexpectedly fallen into an unprecedented situation as orders have fallen sharply.

Businesses complain about customs procedures, import taxes

Businesses still must visit ministries in Hanoi to complete paperwork, which they consider a big waste of time and money. They are also concerned about high import taxes.

Vietnamese woodwork industry: the path to $20 billion goal

More and more foreign invested enterprises (FIEs) in Vietnam have begun exporting woodwork products as Vietnamese enterprises increasingly lose market share.

Wood industry seeks more material suppliers

The wood industry is seeking new supply sources with legal origin certificates, aiming for sustainable development of the industry.

Wood chip exports stuck on the way to China

As the biggest wood chip exporter in the world, Vietnam is facing big difficulties.

Wooden furniture manufacturers thrive thanks to CPTPP

VietNamNet Bridge - 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.

Wooden furniture manufacturers conquer luxury segment

VietNamNet Bridge - After reaching $8 billion worth of export turnover, Vietnam’s wooden furniture manufacturing enterprises are now entering the high-end market segment. 

Wooden furniture manufacturers fear material shortages

VietNamNet Bridge - Though exports have been growing well, concern still exists because wooden furniture industry is in need of materials.

Changes in target markets worry wooden furniture exporters

VietNamNet Bridge - Wooden furniture manufacturers have been warned that they will face more trade barriers as export markets have applied new policies to restrict imports.

Chinese furniture manufacturers relocate to Vietnam

VietNamNet Bridge - Chinese wooden furniture enterprises are considering setting up their production bases in Vietnam, raising worries among domestic manufacturers.

China closes natural forests, Vietnam fears timber shortage

Up to 90 percent of timber in the Central Highlands has been sold to Chinese, according to locals. Chinese businesses have been flocking to Vietnam to buy wood as their government has closed natural forests in 14 provinces in the country.