Vietnam, US step up implementing deal on illegal logging, timber trade

Vietnam, US step up implementing deal on illegal logging, timber trade

Vietnam and the US held a meeting of the Timber Working Group, set up to carry out the two Governments’ Agreement on Illegal Logging and Timber Trade, in Washington DC on August 22 - 23.
Stop the decline of wooden furniture exports

Stop the decline of wooden furniture exports

VCN - In the first half of 2023, wooden furniture exports recorded a deep decline of 33.1%, of which the very large market of Vietnam's furniture industry is the United States, decreased by 32.8%.
Timber exporters face sharp decline in orders

Timber exporters face sharp decline in orders

Vietnamese wood and wooden furniture enterprises have been facing many difficulties as export orders have dropped 50-60% since the beginning of this year, pushing firms to cut off at least half of their production capacities.
Timber enterprises are struggling because they get slowly permits from CITES Vietnam

Timber enterprises are struggling because they get slowly permits from CITES Vietnam

VCN - According to timber importers, many wood shipments that have arrived at Vietnamese ports cannot be cleared due to a lack of import CITES permits issued by CITES Vietnam. Moreover, in the context of a sharp decline in domestic consumption and a sharp
Timber enterprises are struggling because they are slow to get a license from CITES Vietnam

Timber enterprises are struggling because they are slow to get a license from CITES Vietnam

VCN - According to wood importers, many timber shipments that have arrived at Vietnamese ports cannot be cleared due to a lack of import permits issued by CITES Vietnam. In the context of a sharp decline in domestic consumption, and a sharp drop in wood p
Enterprises exporting laminated timber are "hibernating"

Enterprises exporting laminated timber are "hibernating"

VCN - Due to the difficult furniture export market, from the beginning of the year until now, the consumption of laminated wood has fallen into a state of stagnation and inventory. Many timber exporters have chosen to hold back, and "hibernate" through a
Huge potential for Vietnam’s timber exports

Huge potential for Vietnam’s timber exports

Due to the ongoing conflict in Ukraine, and many European countries turning their backs on the supply of gas from Russia, the export potential of wood, and especially wood pellets, is on an upward trend.
Timber exporters struggle to find new markets

Timber exporters struggle to find new markets

Contrary to full orders at the beginning of the year, Vietnamese wood and wooden furniture enterprises are currently facing many difficulties due to the cancellation of orders by customers because of inflation in countries such as the US and the EU and the sharp increase in input material costs.
Timber exports face many difficulties when inflation speed up in the US and EU

Timber exports face many difficulties when inflation speed up in the US and EU

VCN - Statistics from the General Department of Customs show that, in the first seven months of 2022, the export value of wood and wood products reached US$9.7 billion, an increase of only 1.1% over the same period in 2021.
La Lay Customs prosecute smuggling case of valuable timber

La Lay Customs prosecute smuggling case of valuable timber

VCN – La Lay Customs Branch, under the Quang Tri Customs Department, issued Decision 185 to prosecute a smuggling case of tracwood, rosewood and chalkstone worth over VND3.8 billion.
Vietnam, US reach agreement to end timber trade probe

Vietnam, US reach agreement to end timber trade probe

Vietnam and the US have reached an agreement on illegal logging and timber trade that will avoid hefty tariffs on Vietnamese timber exports, according to the Vietnamese Ministry of Agriculture and Rural Development (MARD).
Wooden exports fall sharply after breakthrough growth

Wooden exports fall sharply after breakthrough growth

VCN - After breakthrough growth in the first five months of this year, the export of wood and forest products has witnessed a continuous decline in recent months, especially in July and August.
COVID-19 production suspension hampering timber exports

COVID-19 production suspension hampering timber exports

Suspension of production at local wood processing enterprises due to the COVID-19 pandemic is having effects on exports, according to the Vietnam Timber and Forest Product Association (VIFOREST).
Workshop discusses control of risks in tropical timber imports

Workshop discusses control of risks in tropical timber imports

Easing the associated risks in the importation of tropical timber would help Vietnam maintain its wood exports while expanding the market, a workshop on April 20 heard.
Wood export has high growth during the pandemic

Wood export has high growth during the pandemic

Orders of many businesses are quite abundant with positive market signals; the wood industry has a favorable start towards the target of exporting US$14 billion for the whole year
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