US market attracts Vietnamese enterprises

US market attracts Vietnamese enterprises

In the first four months of this year, export turnover to the US market had continuously seen sharp increases, maintaining the growth of over 20 percent over the same period. This is not beyond the expectation of enterprises. Besides the advantages that Vietnamese enterprises have got in their hands, the commercial counselor of the Vietnam Trade Office in the US also warned that this market is containing many great risks.
Textile production for export at Phong Phu Textile Joint Stock Company. (Photo: SGGP)

Enterprises need to go green to maintain export

To limit the depletion of natural resources, environmental pollution, and the amount of generated waste, many countries around the world have introduced several trade barriers in order to realize a circular economy. Of which, many countries are currently the main export markets of Vietnam. This has forced Vietnamese enterprises to change to adapt and maintain export market share.
The Handicraft and Wood Industry Association of HCM City holds its eighth congress in HCM City on September 18 to review its activities in the 2016-2019 period and make plans for 2020-2023. (Photo courtesy of HAWA)

Handicraft, wood industry sets bar high

The Handicraft and Wood Industry Association (HAWA) of Ho Chi Minh City said it plans several measures to add value to Vietnam’s handicrafts and wood products, help its members further penetrate the global supply chain and enable Vietnam to become a leading producer and exporter of quality, branded and reputed furniture and forestry products.
Vietnam's wood industry needs to invest in modern processing technology to improve the product quality. (Photo: SGGP)

Wood exports increase thanks to new markets

Despite the impacts of the Covid-19 pandemic, in the first four months of this year, wood exports still achieved US$3.2 billion, an increase of 6 percent over the same period last year.
Wood industry concern about stagnancy in export due to Covid-19 pandemic

Wood industry concern about stagnancy in export due to Covid-19 pandemic

Statistics by the Ministry of Agriculture and Rural Development showed that only 7 percent of wood processing enterprises are still operating normally whereas 90 percent of them have had to temporarily halt operations or rotate part of workers' assigned jobs, creating a fracture in the whole chain.
Wood industry faces double trouble

Wood industry faces double trouble

The widespread Covid-19 pandemic has resulted in a serious disruption of the supply chains. Besides difficulties in the source of raw materials and export, Vietnam’s wood industry also faces double trouble – the possibility of being imposed anti-dumping tariffs on wood products exported to the US and South Korea.
US coalition requests probe into hardwood plywood products from Vietnam

US coalition requests probe into hardwood plywood products from Vietnam

The Trade Remedies Authority of Vietnam recently received information that the US Department of Commerce was requested to launch an anti-dumping and countervailing investigation on certain hardwood plywood products imports from Vietnam by the Coalition for Fair Trade of Hardwood Plywood.
Vietnam ranks fifth among wooden furniture exporters to Germany

Vietnam ranks fifth among wooden furniture exporters to Germany

According to the Ministry of Industry and Trade, Vietnam is the fifth largest wooden furniture supplier for Germany in the first seven months, reaching US$86.2 million, an increase of 8.4 percent over the same period last year.