As global supply chains were affected by the Suez Canal incident, the supply issues for raw materials for Vietnam’s export wood processing were further exacerbated. “Raw material prices have increased by 10-25 per cent since July last year, depending on the source of imports,” said Nguyen Liem, general director of Lam Viet JSC – a manufacturer of wooden chairs, boards, and beds for the US and UK markets. The Vietnam Administration of Forestry under the Ministry of Agriculture and Rural Development estimated the import value of wood and materials at $696 ...
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