The US Department of Commerce (DOC) has once again announced the extension of the deadline for issuing its final conclusion on an anti-dumping and anti-subsidy tax evasion investigation into hardwood plywood imported from Vietnam.

Despite the pandemic and global political upheaval, which has hit supply chains, a scarce supply of raw materials and rising logistics costs, Vietnam's export turnover of wood and wood products has still increased.

Vietnam's wood processing and export enterprises are currently facing new difficulties and challenges because of the ongoing Russia-Ukraine conflict.

Foreign-invested wood and timber enterprises are contributing a significant chunk to the nation’s export turnover. 

Despite a tough year due to the COVID-19 pandemic, the national wood sector looks set to achieve its export turnover target of US$12 billion, 

The wood industry needs a fundamental change in export product lines and markets after the COVID-19 pandemic ends, an official has said.

 The wood industry was facing a ‘disaster’ with many businesses left without orders from now until 2021 due to the COVID-19 pandemic, said the Vietnam Timber and Forest Product Association (VTFPA).

2018 was a successful year for the wood industry, with the export of wood products earning the country over 8.9 billion USD (not including non-wood forestry products), up 14.5 percent from the previous year.