Competition tightens up for Vietnamese timber sector

Competition tightens up for Vietnamese timber sector

After related US delegations held talks with Vietnam’s Ministry of Industry and Trade on trade issues last week, it has become apparent that Vietnam’s wood and timber industry will need to up its game to hold and eventually increase its market share in the United States.
Vietnam plans out domestic wood pivot

Vietnam plans out domestic wood pivot

To ease the dependence on imported wood and timber products, Vietnam aims to reduce the amount of imported material and instead strengthen the domestic supply – a goal the government aims to reach by applying a traditional carrot and stick approach.