Many woodwork manufacturers complain that exports have been sliding as people in target markets have been tightening their purse strings.

Profits of many industrial sector companies are slowing down, preventing recovery of the economy, and wood and timber groups are feeling the pinch perhaps more so than others.

In 2020, Vietnam overtook China as the largest woodwork supplier of the United States, which is the world’s biggest woodwork consumer.

Coupled with the ongoing shortage of shipping containers, a hike in raw material prices and the pandemic continue to cause issues for exporters of timber products, exacerbating the desire for timely solutions and a more sustainable supply chain.

The Ministry of Investment and Trade (MOIT) has estimated that wood and woodwork exports in November brought turnover of $1.15 billion, an increase of 21 percent over the month before.

In the rapid development of e-commerce, online stores and factories are one of the solutions with which enterprises can cope with the prolonged Covid-19 pandemic while laying a foundation for digitalized business

The US has decided to conduct an investigation on whether Vietnam is dumping plywood products in the US. The decision could lead to a sharp fall in plywood exports to the market.

Many Chinese wooden furniture manufacturers have been found setting up foreign invested enterprises (FIEs) in Vietnam to ‘fabricate’ Vietnamese origin for their exports to the US.

The woodwork industry is experiencing many hardships with 80 percent of orders postponed in April.

More and more foreign invested enterprises (FIEs) in Vietnam have begun exporting woodwork products as Vietnamese enterprises increasingly lose market share.

E-commerce is one of the best solutions for woodwork enterprises to cope with the Covid-19 epidemic, which has led to a sharp fall in demand.

The wood industry is seeking new supply sources with legal origin certificates, aiming for sustainable development of the industry.

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The massive arrival of Chinese enterprises to Vietnam to set up woodwork processing workshops has raised concern that China may exploit Vietnamese origin to export products to the US and avoid high taxes.