Huge impact of pandemic on the Vietnamese timber sector, says survey

Huge impact of pandemic on the Vietnamese timber sector, says survey
In the recent decade, based on 2 key competitive advantages, including cheap labour (average monthly wage of US$300) and an abundant wood supply (3 million ha. of fast growing acacia plantation and 1 million ha. of rubberwood. Vietnam’s wood and wood product (W&WP) exports have consistently grown at over 10% annually. This growth was maintained during the first two and half months of 2020 when W&WP exports earned US$2.047 billion, a year on year growth of 18%.    With the COVID-19 pandemic spreading in the US (market for ...

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