Input material prices for Vietnamese wood exporters have risen sharply, but most of them are stuck in the mud as there seems no suitable way to increase their selling prices accordingly.

Although accounting for a small proportion of the total trade defence cases, investigations into wood products are on the rise.

The export of timber and wood products has exceeded the US$9 billion mark for the first time during the first 11 months of the year, according statistics released by the General Department of Vietnam Customs.

Vietnam gained more than US$1 billion from the export of wood and wood products in October, up 22.69 per cent year-on-year, according to the General Department of Vietnam Customs.

Vietnam’s export of timber and wood products is expected to reach US$11 billion this year, said Minister of Agriculture and Rural Development Nguyen Xuan Cuong.

 VietNamNet Bridge – The US-China trade war is escalating sharply. In the most recent move, the US imposed a 10 per cent tariff starting from Monday on US$200 billion of Chinese imports. 

 VietNamNet Bridge – Vietnam's joining in a series of bilateral and multilateral trade agreements, including the BTA, WTO, EVFTA and TPP, has opened up great opportunities for the entire economy to integrate deeper into the world,

 Education fund head meets Deputy PM; Deputy PM co-chairs Vietnam-Cambodia committee meeting; President hails PVN staff; Deputy PM visits plant in progress