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.
External threats persist for economy

External threats persist for economy

Vietnam’s socioeconomic development path for 2023 will officially take shape this week, with a need to devise more schemes to support enterprises if the global economic difficulties continue to last.
Truong Thanh Wood recorded a deficit after four profitable quarters

Truong Thanh Wood recorded a deficit after four profitable quarters

During the second quarter, Truong Thanh Wood Industries JSC saw a loss of $290,050 in shareholder profit of parent company, reaching $1.83 million.
Vietnam to grant FLEGT licence to wood exports in 2025

Vietnam to grant FLEGT licence to wood exports in 2025

Vietnam is set to grant a licence under the Voluntary Partnership Agreement/FAO-EU Forest Law Enforcement, Governance and Trade (FLEGT) Programme to wood exports in 2025, after it completes preparing necessary conditions, reported a government official familiar with the sector.
VPA to facilitate wood exports to EU

VPA to facilitate wood exports to EU

With the EU being among the largest importers of Vietnam’s wood products, the upcoming adoption of the Forest Law Enforcement, Governance and Trade Voluntary Partnership Agreement between Vietnam and the European Union will help Vietnam both attract more
Vietnam’s wood exports set to boom

Vietnam’s wood exports set to boom

With the Comprehensive and Progressive Agreement for Trans-Pacific Partnership officially coming into effect for Vietnam on January 14, 2019, and amid the US-China trade friction, Vietnam’s wood industry is expected to swell its exports. However it still faces many challenges. Phuong Hao reports.