Topic: wood industry

Revenue declining amid falling demand and global headwinds.

Exports have shown signs of recovery in Q3, wood association official tells local media.

September 25-October 1 expo to be held in southern province as Vietnam’s wooden product exports tumble.

Fair expected to attract 100 domestic and international exhibitors.

Final conclusion now expected on May 2.

Exports down 11% to $800 million in February.

Forestry exports estimated at over $16.9 billion in 2022.

Vietnam is expected to become one of the world’s largest wood production centers over the next 10-15 years and is already making a major impression in Canada from the CPTPP.

Due to sharp increases in materials and transportation costs, the export turnover of wood and wooden products in July fell 5.5 per cent compared to June and 1.6 per cent year-on-year. According to the Timber Association and Forest Trends report, nearly half of surveyed wood enterprises believe their revenue will fall by 40 per cent this year.