Latest News about woodwork
Despite Covid-19, the forestry obtained total export turnover of $13 billion worth of timber and wooden exports this year.
The new regulation on certificate of origin (C/O) makes it more for Vietnam to obtain $11 billion in woodwork exports this year as planned.
The US-China trade war has led toChinese wooden furniture manufacturers moving production to Vietnam, bringing risks to the domestic woodwork industry.
Vietnamese wooden furniture manufacturers face a shortage of workers, modern technology and money to upgrade technology.
As the biggest wood chip exporter in the world, Vietnam is facing big difficulties.
Amid the US-China trade war, the US is paying higher notice to Vietnamese products. As a result, enterprises have had to change business practices to adapt to new circumstances.
Woodwork exports increased sharply in Q1, partially thanks to higher demand from the US. However, experts say this may not be good news for the industry.