Dearth of orders signifies shift in timber industry

Dearth of orders signifies shift in timber industry

The likelihood of a dearth of orders in the coming year in the timber industry is diminishing, according to industry insiders.
Vietnam wood industry in the context of EU rules

Vietnam wood industry in the context of EU rules

The EU aims to tackle degradation and deforestation along the supply chain and import-export value chain on a global scale.
VietnamWood to help revive woodworking industry

VietnamWood to help revive woodworking industry

VietnamWood 2023 takes place at the Saigon Exhibition and Convention Centre, Ho Chi Minh City, from September 20 to 23.
Wood exporters pleading for VAT refund resolution

Wood exporters pleading for VAT refund resolution

Central-run authorities have given drastic directions to speed up VAT refunds for numerous businesses, especially struggling wood exporters.
New wave in Vietnam's wood processing industry

New wave in Vietnam's wood processing industry

Vietnam's wood processing industry is likely to develop strongly next year.
Vietnamese furniture is re-entering the international marketplace

Vietnamese furniture is re-entering the international marketplace

In July, a significant number of Vietnamese processors saw their orders return, indicating that the global wooden furniture market is seeing signs of recovery.
New solutions needed for wood and timber industry

New solutions needed for wood and timber industry

As exports of Vietnam's wood and timber products fell in the first half of 2023, many businesses are finding different ways to obtain new orders.
Strengthening Vietnam's wood industry

Strengthening Vietnam's wood industry

Vietnam is working to establish a legal supply chain to become a global leader in the processing and export of wood.
Wood manufacturers on alert for unpredictable new year prospects

Wood manufacturers on alert for unpredictable new year prospects

While the United States is nearing a stance on imported wood that will affect Vietnam, domestic producers are being urged to modernise to survive.
Large inventories stifling wood production objectives

Large inventories stifling wood production objectives

High inflation has almost paralysed the output of several wood processing sectors in Vietnam at this time, with consumers cutting their use of wood and related products in major import markets worldwide.
Crucial certification needed to expand wood market

Crucial certification needed to expand wood market

The demand for FSC-certified wood is increasing, particularly from markets like the United States and Europe, forcing local wood processors to source more certified wood. However, this comes with a hefty price tag that increases the pressure on forest growers.
Vietnam’s wood exporters under FSC standard pressure

Vietnam’s wood exporters under FSC standard pressure

Weak export market demand and stable freight rates rendered some wood materials imported into Vietnam cheaper. However, FSC-certified logs imported from the EU market become more expensive for Vietnamese manufacturers, forcing them to look at home-grown, certified solutions.
High inflation dragging down Vietnamese wood exports

High inflation dragging down Vietnamese wood exports

Associations and businesses have acknowledged that the wood processing industry is struggling as exports to the United States decline.
US Department of Commerce to examine Vietnamese wood exporters

US Department of Commerce to examine Vietnamese wood exporters

The US Department of Commerce will head to Vietnam to inspect a number of wood exporters, spending up to 10 days in the country..
Order cuts put brakes on wood enterprises

Order cuts put brakes on wood enterprises

Profits of many industrial sector companies are slowing down, preventing recovery of the economy, and wood and timber groups are feeling the pinch perhaps more so than others.
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