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Update news woodwork export
Despite the pandemic and global political upheaval, which has hit supply chains, a scarce supply of raw materials and rising logistics costs, Vietnam's export turnover of wood and wood products has still increased.
The timber and timber-based industries in Malaysia and Vietnam have signed a Memorandum of Cooperation (MoC) to further develop the timber trades in both countries.
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.
Experts believe Viet Nam this year will reach its export target for timber and wooden products at US$12 billion, despite the impact of the COVID-19...
Vietnamese wood processing firms have reduced production or suspended operations as most of the major importing countries for their products face hardships because of the COVID-19 pandemic.
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).
The opportunities are great for Vietnam’s woodworks industry, but great challenges exist as well, experts say.
VietNamNet Bridge - Dong Ky once had the highest number of billionaires and cars in Bac Ninh province, but its heyday is over.