Customs officers seize HK$5.5 million worth of endangered red sandalwood

Customs officers seize HK$5.5 million worth of endangered red sandalwood

Hong Kong law enforcers confiscated more than seven tonnes of endangered wood worth HK$5.5 million (US$709,489) hidden in two shipping containers from India and was bound for mainland China, where they would be made into luxury furniture and carvings, customs officials said on Wednesday.
Vietnam expected to become second largest furniture exporter

Vietnam expected to become second largest furniture exporter

Wood industry players in Vietnam are expected to make leaps and bounds to help make Vietnam become the world’s second largest interior furniture exporter, after China, within the next 7-8 years,
Furniture and forest exports face cloudy future

Furniture and forest exports face cloudy future

The furniture and forest segment of the Vietnam economy has experienced solid growth over the past few years and brighter days lie ahead, says the Vietnam Timber and Forest Product Association.
Wooden goods exports forecast to drop this year

Wooden goods exports forecast to drop this year

​Revenue from wooden products exports is projected at US$7.4 billion this year, US$200 million lower than targeted
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